BOARD OF DIRECTORS

MARK MOLYNEUX CHAIRMAN

Mark Molyneux, 55, was appointed to the Travelzest board as a non executive Director in October 2006. He is a Chartered Accountant and chairs three other companies which are Private Equity backed. Mark was until 2006 a UK partner with Ernst and Young LLP accountancy firm where he held senior management roles. His initial specialisation was audit, mainly entrepreneurial companies, later moving into corporate finance with a focus on M&A, due diligence and restructuring.

RICHARD HALL TD, MA, FCA NON-EXECUTIVE DIRECTOR & COMPANY SECRETARY

With a Cambridge degree in engineering and law, Richard qualified as a chartered accountant in 1966 and carried out the duties of finance director and company secretary for a number of international companies including INMOS International Plc. He was latterly finance director of Information Technology Plc and National Telecommunications Plc, both of which companies he took to the main market. Since 1989, Richard has run his own consultancy with a number of non-executive directorships, including an AIM listed company offering corporate, commercial and financial advice to major clients. He joined the board of VFB Group plc in 2003 (VFB Group name changed to Travelzest in 2005) prior to the company joining the OFEX market (now PLUS market).

JONATHAN CARROLL GROUP CHIEF EXECUTIVE OFFICER

Jonathan Carroll, 42, Group Chief Executive Officer, co-founded itravel2000 in 1994 with long-time best friend Jeffrey MacKenzie. With Jonathan’s vision and leadership skills, he and Jeffrey formed a team of dedicated travel professionals that set the standard in the Canadian market place. In May 2009, Jonathan was appointed to his current position as CEO of Travelzest plc.

Jonathan is a strong believer in giving back to the community. Jonathan’s charity work extends into the community through his involvement and support of numerous charities. He is also a founding board member of the Lakefield College School Foundation, which also boasts his Royal Highness, the Duke of York as a Trustee. In 2006, Jonathan Carroll was awarded the prestigious Top 40 Under 40 Award honouring the best and most accomplished young professionals in Canada.

NIGEL JENKINS NON-EXECUTIVE DIRECTOR

Mr. Jenkins, age 57, has been involved in the travel industry for 35 years. A founding Director of Unijet in 1981 he joined First Choice Holidays PLC in 1998. He led the restructure and turnaround of their Canadian division before returning to the UK in 2004 to become Managing Director of their Activity Holiday Sector and a member of their Group Management Board. He retired from First Choice in October 2006. He is currently Non-Executive Chairman of KBC PR & Marketing, and Non-Executive Director of All Leisure Group plc.

Jack Fraser GROUP CHIEF OPERATING OFFICER & FINANCE DIRECTOR

Jack Fraser was appointed as Group Finance Director in May 2009 and subsequently in June 2009 as Group Chief Operating Officer and Financial Director. Prior to this, Jack was Chief Financial Officer and Head of Corporate Development for itravel2000, Travelzest’s largest subsidiary, and led the sale of itravel2000 to Travelzest in 2006. Prior to joining itravel2000 in February 2005, Jack spent over 10 years with RBC Financial Group and BMO Financial Group primarily in the mid-market corporate finance group.

Jack also spent 5 years in corporate development and senior operational roles with two early stage internet media companies, CMGi/Activate located in Seattle (acquired by Loudeye/ Nokia Corp.) and Fastvibe located in Toronto (acquired by Telus Corp.).

Jack also advises various early stage media and technology start-ups, and sits on the Board of Directors for the Windsor International Airport.