Fund Directors

Jocelyne Marguerite Marie Côté-O'Hara  is President of The Cora Group, a corporate strategy and performance consulting firm. Ms. Côté-O'Hara is a former President and Chief Executive Officer of Stentor Telecom Policy Inc. and served for seven years as an executive and an officer of BC TEL. Over a period of ten years (1984-1994), she served in the credit union movement, including six years as a director and Chair of the Board of Directors of the Civil Service Credit Union and three years as a director of the Ontario Deposit Insurance Corporation. Ms. Côté-O'Hara is currently a director of a number of companies and other organizations including The B.E.S.T. Discoveries Fund Inc., Manitoba Telecom Services Inc., Xerox Canada Inc. and Ryerson University. She is a graduate of the University of Ottawa and has completed the Advanced Management Program at the Harvard Business School.

Michael Sean Israels is the President of each of the Fund, The B.E.S.T. Discoveries Fund Inc. and B.E.S.T. Total Return Fund Inc., and a director of B.E.S.T. Capital Management Ltd. Mr. Israels is also a director of the Manager and Absolute 21 Private Counsel Limited, President and a director of Axis Capital Corporation and Chief Executive Officer of Convexus Managed Services Inc., which acts as registrar and transfer agent for funds. Prior to joining the Fund, Mr. Israels spent 16 years at Ernst & Young LLP where most recently he managed claims in support of Ernst & Young partnerships around the world as part of that firm's professional indemnity liability insurance program. Mr. Israels also has experience at Ernst & Young LLP in both the Audit and Mergers & Acquisitions Transaction Support practices focused on a broad spectrum of industries in Canada, the United Kingdom and the Caribbean. He has an Honours Business Administration Degree from the University of Western Ontario's Richard Ivey School of Business and is a Chartered Accountant and a Chartered Business Valuator.

Harold Frederick Jones (retired) was an investment counselor and portfolio manager and was in the investment industry for 35 years. He is involved in numerous merchant banking and international business consulting projects in North America and abroad. Mr. Jones is a director of certain public and private Canadian companies, including The B.E.S.T. Discoveries Fund Inc.

Thomas William Robert Lunan is the Chief Financial Officer of each of the Fund, The B.E.S.T. Discoveries Fund Inc. and B.E.S.T. Total Return Fund Inc. as well as the Vice President of the Manager, the Vice President and a director of Absolute Private Counsel Limited and a director of Axis Capital Corporation. Prior to joining the Manager, Mr. Lunan was a Manager, Company Listings at the Toronto Stock Exchange (the "TSX") and prior to that Mr. Lunan was at the Ontario Securities Commission in the Corporate Finance Branch. Mr. Lunan is a past director of the Toronto CFA Society, a director of Canadian World Fund Limited, a TSX listed closed-end fund and a director of several private companies. Mr. Lunan is a Chartered Accountant and has been awarded the Chartered Financial Analyst designation.

George Russell Paterson retired as Treasurer of IBM Canada Limited in 1990 and has worked as a consultant since that time. He held a number of senior management positions with IBM including Director of Finance and Administration in Europe, Canada and Asia. Mr. Paterson serves on several boards including The B.E.S.T. Discoveries Fund Inc., B.E.S.T. Total Return Fund Inc., Electrovaya Inc., a trust company as well as a number of private companies, and provides strategic and management assistance to emerging technology corporations.

John Michael Anthony Richardson is the Chief Executive Officer of each of the Fund, The B.E.S.T. Discoveries Fund Inc. and B.E.S.T. Total Return Fund Inc., and the President and a director of each of B.E.S.T. Capital Management Ltd. And Absolute Private Counsel Limited. He is also the Chief Executive Officer and Secretary and a director of Axis Capital Corporation. Mr. Richardson is the founder, President and a director of the Manager. Currently, he serves as a director on a number of private company boards. He is a Chartered Accountant and a Chartered Business Valuator, and holds a Masters in Business Administration degree from the State University of New York and a Certificate Pratique de la Langue Françaises from the University de Savoie in France.

Michael David Wright is a Partner in the Toronto law firm Cavalluzzo Hayes Shilton McIntyre & Cornish LLP. Mr. Wright received his Bachelor of Laws degree from Osgoode Hall Law School and a Doctor of the Science of Law from Stanford University Law School. Mr. Wright's work focuses on labour and employment law, including a significant class action practice. Mr. Wright has represented associations and also senior executives of technology companies. He has taught at the University of Toronto. Mr. Wright has published widely in the area of labour law and is a frequent speaker at continuing education seminars. He is a member of the Law Society of Upper Canada and the Canadian Association of Labour Lawyers.