Howard Golden

Temporary Non-executive Chairman

Mr Golden began practicing law in 1972, has been investing in stock markets since 1977 and has specialised in global investing since 1991. Mr Golden has lectured on closed-end funds in London and Prague and at various business schools, and has been quoted as an expert in Transition Capital Markets and corporate governance in newspapers and magazines.

Mr Golden currently serves as the chairman of the board of directors of The Romanian Investment Fund, AGNI Systems Ltd., a Bangladesh internet service provider listed on the Dhaka Stock Exchange, and Reconstruction Capital II, an AIM listed investment fund concentrating on Romania and Bulgaria. He also serves on the boards of Vietnam Equity Holding and Vietnam Property Holding, two closed-end funds trading on the Frankfurt Stock Exchange. He was previously chairman of the board of the Romanian Growth Fund, a Cayman Island domiciled investment fund listed on the Dublin Stock Exchange and served on the board of directors of Framlington Bulgarian Fund until the fund's voluntary dissolution. His tenure on these boards was a result of his activist policy, which involves close and direct supervision of large investments. Mr Golden has a BA. in Economics, an MBA and a Juris Doctorate, all from the University of Wisconsin, Madison.