Reinet Investments S.C.A. - Reinet Fund Manager

Reinet Fund S.C.A., F.I.S. (‘Reinet Fund’) is managed by a dedicated management company – Reinet Fund Manager S.A. (‘Reinet Fund Manager’), a société anonyme (limited company) incorporated in Luxembourg. In performing its duties, Reinet Fund Manager draws on advice and expertise from Reinet Investment Advisors Limited.

Reinet Fund Manager has broad powers to carry out all management and administrative functions in compliance with the corporate objects of Reinet Fund. In particular, Reinet Fund Manager is responsible for determining the investment policies and restrictions of Reinet Fund in order to meet Reinet Fund’s investment objective and for the conduct of Reinet Fund’s management and business affairs. The board of directors of Reinet Fund Manager is responsible for the management of Reinet Fund and is bound to act in the best interests of Reinet Fund. Reinet Fund Manager is ultimately controlled by Rupert family interests.

The members of the board of directors of Reinet Fund Manager are set out below:


	JOHANN RUPERT Chairman South African, born 1950 Mr Rupert was appointed to the Board of Directors in 2008. Mr Rupert studied economics and company law at the University of Stellenbosch, South Africa. After working for the Chase Manhattan Bank and Lazard Frères in New York, he founded Rand Merchant Bank in 1979. In 1985 he joined Rembrandt. He founded Richemont in 1988 and became Group Chief Executive. Appointed as Executive Chairman in September 2002, he also served as Group Chief Executive Officer during the periods from October 2003 to September 2004 and from April 2010 to March 2013. He was Chairman of CFR SA up to September 2013, when he indicated his intention to step down from the board of that company during a sabbatical year. He was re-elected as Chairman of CFR SA in September 2014. He is also Non-Executive Chairman of Remgro Limited and is the Managing Partner of Compagnie Financière Rupert. Mr Rupert holds honorary doctorates in Law, Economics and Commerce, is Chairman of the Peace Parks Foundation and the Michelangelo Foundation.

	WILHELM VAN ZYL Chief Executive Officer British & South African, born 1965 Mr van Zyl was appointed to the Board of Directors in 2014 and appointed Chief Executive Officer with effect from January 2015. Mr van Zyl holds a BCom degree from the University of Stellenbosch and qualified as a Fellow member of the Institute and Faculty of Actuaries (United Kingdom) in 1994. He is also a Fellow member of the Actuarial Society of South Africa and completed the Harvard AMP program in 2005. Mr van Zyl was group actuary of the financial services group Metropolitan Holdings from 2001 and headed up its corporate business from 2006. In 2008 he was appointed as a director and chief executive of Metropolitan Holdings. Following the listing of MMI Holdings in 2010, resulting from the merger between Metropolitan and Momentum, he was appointed as a director and deputy group chief executive with oversight of the group’s health, international, investments and employee benefit operations. He currently also serves on the boards of Pension Insurance Corporation plc, Pension Insurance Corporation Group Limited, Milestone Capital Investment Holdings Limited, Prescient Investment Management China Limited and is also a director of the Investment Advisor and of various subsidiaries of Reinet Fund.

	ALAN GRIEVE Non-Executive Director British & Swiss, born 1952 Mr Grieve was appointed to the Board of Directors in 2008. He retired as Chief Executive Officer in December 2014. Mr Grieve served as Chief Financial Officer from 2008 to 2011 and as Chief Executive Officer from 2012 to 2014. He remains on the Board of Directors as a Non-Executive Director of both the General Partner and Fund Manager. Mr Grieve was appointed to the board of directors of Richemont S.A. (the predecessor company to Reinet Investments S.C.A.) in 2004. Mr Grieve holds a degree in business administration from Heriot-Watt University, Edinburgh and is a member of the Institute of Chartered Accountants of Scotland. Prior to joining Richemont’s predecessor companies in 1986, he worked with the international auditing firms now known as PricewaterhouseCoopers and Ernst & Young. He served as Richemont’s Company Secretary from 1988 to 2004 and as Director of Corporate Affairs from 2004 to 2016.

	SWEN GRUNDMANN Non-Executive Director Dutch, born 1968 Mr Grundmann was appointed to the Board of Directors in September 2012. Mr Grundmann holds a law degree from the Faculty of Law of the University of Amsterdam. He joined Richemont in January 1996 and has until December 2017 been responsible for the corporate law affairs of many of its subsidiaries and been involved in various merger and acquisition projects. He held the position of Company Secretary of both the General Partner and Fund Manager from 2009 to January 2023. He has been Reinet’s General Counsel and responsible for its legal affairs from 2011 to January 2023 and serves on the boards of a number of companies in which Richemont or Reinet hold an interest. He is a member of the Dutch Association of Corporate Litigation.

	DIANE LONGDEN Chief Financial Officer British & Luxembourger, born 1961 Ms Longden was appointed to the Board of Directors in September 2012. Ms Longden is a Fellow of the Institute of Chartered Accountants in England and Wales and holds a Masters in Business Administration from the Sacred Heart University, John F. Welch College of Business in Luxembourg. Prior to joining Reinet in 2009, Ms Longden worked in the accountancy profession and international insurance industry. She is also a director of various subsidiaries of Reinet Fund.