Siro Donato Cicconi (aged 53), Chief Executive Officer

Siro is an experienced Italian executive director that has worked for and advised numerous businesses in Italy many of which were in turnaround or distressed situations. In late 1990’s Siro advised on fundraisings for strategic R&D projects of many organisations (including Alfa Gomma Group and Benelli Motors SpA), which involved managing relations with European, Italian and local financial administrations. He also assisted several other industrial groups to raise finance for their acquisition plans. From 2005 until 2010 he provided corporate finance advice to several businesses. Between 2011 and 2013 he was appointed Managing Director of IMT SpA, a large Italian manufacturer of drilling equipment, to turnaround that business. After finishing this role he become managing director of EER to fund Zaim and managed the rationalisation of Zaim’s operations and returned it to profitability.

Simon James Retter (aged 37), Finance Director

Simon started his career at Deloitte & Touche LLP (now known as Deloitte LLP), where he qualified as a Chartered Accountant specialising in corporate finance transactions. He has been instrumental in setting up several private and listed companies including Paragon Diamonds Limited a vertically integrated diamond business and Fragrant Prosperity Holdings Limited, a fintech acquisition vehicle. Simon has undertaken numerous IPO’s and Reverse Takeovers and has a wealth of public market experience. He currently holds the position of Chief Financial Officer of AIM quoted Horizonte Minerals Plc as well as various other board positions on listed companies across a broad range of industries. Simon holds the position of Finance Director of SulNOx Group plc which has developed an innovative fuel conditioner to reduce harmful emissions from diesel and HFO combustion engines.

Vladimir Golovko (aged 45) - Chief Operating Officer

Vladimir was previously the COO of Zaim from inception in 2011 prior to becoming CEO. Prior to joining Zaim he was General Manager of the Pyaterochka retail chain (a franchisee network) (2004 – 2011) and had previously been Communication Director (1999-2011). Vladimir also previously worked for Uniland (the largest wholesale company in Russia at the time) as Sales & Marketing Manager, Uniland is now operating as a supermarket chain, DIXY. Vladimir graduated from Volgograd branch of Moscow State University of Commerce in 1997 with a degree in management.

Malcolm Groat (aged 58) - Non – Executive Chairman

Mr Groat is a Chartered Accountant and MBA graduate. Following an early career with PwC in London, he held CFO, COO and CEO roles in international businesses, including with the construction engineering firm that is now Arcadis. Since 2005, Mr Groat has held non-executive board positions, mainly with growth ventures listed on AIM and the main market but also with larger bodies such as the UK’s former Milk marketing Board, Corps Security, and Baronsmead Second Venture Trust PLC. Mr Groat chaired a Singapore-based consulting firm (2010-2012) and a UK-based technology group (2013-2015) that enables secure and fast IT connectivity for financial institutions and military applications around the world.

Paul James Auger (aged 55) - Non – Executive Director

With a career of over 30 years in finance and lending, Mr Auger has been a director of Essex based and FCA regulated mircolender TFS Loans Limited (“TFS”) for over 10 years. Established by Paul in 2009, TFS is focused on the guarantor loans market and currently offers guaranteed loans under £15,000 to retail consumers. Established in 2009, TFS was initially authorised by the Office of Fair Trading until responsibility was transferred to the FCA in April 2014 when it was given interim authorisation until our full authorisation was granted by the FCA at the end of 2016.

Senior Management Team

Andrey Katyshkov (aged 38) - Chief Financial Officer

Mr Katyshkov graduated from the Moscow State University of economics, followed by post graduate studies at Moscow Financial Industrial Academy. Mr Katyshkov joined Zaim at the beginning of 2018 as CFO and had previously spent 10 years working for Basic Element – one of the biggest investment funds in Russia working in corporate finance. Mr Katyshkov worked with GIP Group between 2011 until 2012, acting as an investment specialist within its investment department. Prior to this, Mr. Katyshkov working worked as an investment analyst with fund manager, Ost West Group, from 2002 until 2006. Mr Katyshkov graduated from Moscow State University of Economics, Statistics and Information Systems in 2003 with degree in finance, followed by post graduate studies at Moscow Financial Industrial Academy which he completed in 2006.

Vildan Vegerio (aged 38) - Head of Network Management

Prior to his appointment as Head of Network Management of Zaim Express LLC in 2016, Mr Vegerio worked with the company as a senior customer relationship specialist since 2011. Mr Vegerio graduated from International Slavic Institute with degree in economics in 2011.

Alexander Akhmetov (aged 34) - Head of Legal Department

Mr. Akhmetov joined Zaim Express LLC in 2011 first as legal counsel and starting from 2014 as Head of Legal Department. Prior to joining Zaim Express LLC. Mr Akhmetov worked for a law firm called Yurconri before practising at the Arbitration Court for the Moscow Region. He then joined Zaim in 2011. Mr. Akhmetov graduated from Moscow Engineering Physics Institute in 2007 with degree in accounting and subsequent graduated Moscow State Law Academy in 2011 with degree in law.

Structure of the committees

Audit committee

The Audit Committee assists the Board in discharging its responsibilities with regard to financial reporting, external and internal controls, including reviewing and monitoring the integrity of the Group’s annual and interim financial statements, reviewing and monitoring the extent of the non-audit work undertaken by the Group’s external auditors, advising on the appointment of such external auditors, overseeing the Group’s relationship with its external auditors, reviewing the effectiveness of the external audit process, and reviewing the effectiveness of the Group’s internal control and review function. The ultimate responsibility for reviewing and approving the annual report and accounts and the half-yearly reports remains with the Board. The audit committee will meet not less than twice a year.

The Audit Committee is chaired by Simon Retter, and its other members are Vladimir Golovko and Siro Cicconi. The Directors consider that Simon Retter has recent and relevant financial experience.

Remuneration committee

The Group has established a Remuneration Committee, which will comprise Malcolm Groat as Chairman and Paul Auger, which will review the performance of the Executive Directors and set the scale and structure of their remuneration and the basis of their service agreements with due regards to the interests of Shareholders. In determining the remuneration of Executive Directors, the Remuneration Committee will seek to enable the Group to attract and retain executives of the highest calibre. The Remuneration Committee also makes recommendations to the Board concerning the allocation of any share awards. No Director is permitted to participate in discussions or decisions concerning their own remuneration.

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