Board and Management

Investor relations

Board:

John Afseth

Chairman of the board

Director since 2009

Born 1954

Dr Afseth worked as Vice President of Marketing and Business Development of Photocure ASA in Oslo between 1998 and 2006. Prior to this he worked as a General Manager at Abbot Labs in Denmark, Norway and Iceland from 1995 to 1997. He was the managing director of Medinnova in the period from 1992 to 1995. Dr. Afseth started his career as marketing manager at Dynal AS in Oslo in 1986 where he worked until 1992. Before his industrial career, Dr. Afseth had an academic career as Associate Professor in Microbiology at the University of Oslo and holds a PhD from this institution.

Currently Dr Afseth serves as a board member of Orion Securities AS, Orion Baltics UAB, Orion AS, Fibroline SA, and partner in Merchant Venture Investments NV. Dr Afseth is Chairman of the board of Carpe Diem AS, Verdispar Baltic Development Property I AS and a board member of Verdispar Baltic Development Property II AS and Verdispar Emerging Europe CPAS. Dr. Afseth is a Norwegian citizen.

Shareholdings in IGE: 1,000,000

Warrants/call options in IGE: 0

Olle Johansson

Member of the Board

Director since 2010

Born 1958

Olle Johansson has 25 years of mining industry experience, in the marketing and trading of metals. He is co-founder of Rockstream Capital LLP, a Money Management company with an investment focus in metals. Prior to this, he held a number of executive positions in Falconbridge Limited responsible for global marketing and sales of nickel, copper and PGMs; corporate strategic trading; and commodity risk management. Between 1991-99 Olle Johansson worked as President of Falconbridge Europe SA, Brussels, the marketing and sales subsidiary of Falconbridge Ltd. In 1999, he moved to Toronto to assume the position of Director of Commodity Risk Management, responsible for the development of sustainable strategies and policies regarding the corporate hedging and trading activities. Between 2002 and 2004 he was Vice President of Marketing & Sales, Falconbridge Ltd, responsible for global marketing and sales, distribution and market research. In 2004, he moved back to Brussels and worked as Vice President of corporate trading, accountable for the development and implementation of the strategies for all of the corporate metal trading activities. In 2007, he left Falconbridge (Xstrata Nickel) and became a partner of Rockstream Capital LLP. Between 1984 and 1991 Olle Johansson worked for Boliden AB, managing the corporate (Trelleborg AB) price exposure regarding metals by recommending and implementing strategic metals trading on the London Metal Exchange in close liaison with the senior management. Olle Johansson is a Swedish citizen.

Shareholdings in IGE: 0

Warrants in IGE: 0

Tim George pic Greyscale Timothy George

Member of the Board

Director since 2009

Born 1965

George has extensive experience of diamond production and of the industry in general from his former employment as CEO and Chairman of the Board of Xceldiam Limited, with operations in Angola and South Africa. Timothy was responsible for the startup- and investments decision which among others, resulted in the listing of the Company on Alternative Investment Market (AIM) in London in 2005. His experience also include the execution of the sale of Xceldiam's assets to Petra Diamonds in 2007. George has worked as Special Projects Officer within Anglo American and De Beers Corporations, as Divisional Metallurgist within diamond services division at Anglo American Corporations and with business development of Grinaker LTA Limiteds concessions, mining and infrastructure.

Other board positions include iPower Renewable Energy Systems (Pty) Limited, 3 Laws CapitalSouth Africa (Pty) Limited and Oubokskraal Ltd.

George has a degree within B. Eng. (Honours) Mineral Engineering (class II) from University of Leeds, England. Timothy George is a English citizen (residence in RSA).

Shareholdings in IGE: 0

Warrants/call options in IGE: 0

Magne Aaby pic greyscale II

Magne Aaby

Member of the board

Director since 2009

Born 1948

Aaby's educational background is in marketing. He has developed and owned companies within business development, marketing and design in Norway and Sweden. He has professional experience from the press and public relations sector and as marketing director within manufacturing and commercial trade. Aaby currently works as an investor and consultant. He has followed the mining sector for several years and has been a shareholder in IGE for the last five years. He is a board member of Mace Invest AS, Mace Consult AS, Colosseum Eiendom ANS and Inventarum AS. Magne Aaby is a Norwegian citizen.

Shareholdings in IGE: 1,500,000

Warrants/call options in IGE: 0

Rob George Still

Member of the board
Director since 2010
Born 1955

Rob started his career as a chartered accountant, becoming a partner of Ernst & Whinney before leaving in 1986 to co-found the JSE listed exploration and mining company Rhoex Ltd. Since that time Rob has been involved in both the senior and junior sectors of the mining industry worldwide and has held both executive and non-executive director positions in mining and exploration companies listed in South Africa, Australia, Canada and the UK. Rob has participated in the development of several new mining projects including Rhovan, Ticor Titanium, Pangea Goldfields, Southern Mining (Corridor Sands), Great Basin Gold (Burnstone) and Zimbabwe Platinum Mines Ltd. He is currently chairman of Pangea Exploration, a private company active in exploration, mining project development and mining finance and Metorex Ltd, a copper miner. Rob Still is a South African citizen.

Shareholdings in IGE: 0
Warrants/call options in IGE: 0

Anton Esterhuizen

Member of the board

Director since 2010
Born 1951

BSc (Hons) Geol, MSc (Mineral Exploration), FGSSA

Anton is an experienced geologist with more than 30 years exploration experience. Among his career highlights, he is credited with the discovery and evaluation of the Xstrata Group's high-grade Rhovan vanadium deposit, the Taaiboschspruit colliery and contributed to the re-evaluation of the large Burnstone gold deposit, all in South Africa. In Tanzania, he was responsible for the discovery of a number of Barrick's gold deposits and his activities attracted major players into that country.

Anton was responsible for the discovery of five titanium-zircon sand deposits including the Corridor Sands deposit in Mozambique and the Kwale deposit in Kenya. He is based in Johannesburg and has managed the exploration activities of Pangea DiamondFields PLC throughout Africa. Anton is a director of Tanzanian Royalty Exploration Corporation (TSE) and of NWT Uranium Corporation (TSE). He was the first recipient of the Des Pretorius Memorial Award for outstanding work in economic geology in Africa and received the Dreyer Award from the Society for Mining and Metallurgy and Exploration Inc (USA) for outstanding achievements in applied economic geology. Anton Esterhuizen is a South African citizen.

Shareholdings in IGE: 0
Warrants/call options in IGE: 0

Management:

Tomas Fellbom

Chief executive officer (CEO)

Since 2007

Born 1963

Fellbom is founder and former CEO of Spray Networks in France. Before joining IGE, Fellbom was Vice President of the Swedish Trade Council and in charge of Southern Europe, Africa and the Middle East regions. Fellbom holds a Master's Degree in Business Administration from the Stockholm School of Economics. Tomas Fellbom holds a dual citizenship of Sweden and France.

Shareholdings in IGE: 873,543

Warrants in IGE: 9,800, 000

Thomas Carlsson

Chief Financial Officer (CFO)

Since 2006

Born 1974

Carlsson has previous to his position with IGE worked as manager within ISS Facility Services, Fischer Partners FK AB (Corporate Finance) and Nordea. Carlsson has thorough experience from working with corporate finance were he handled public offerings,private placements and company listings, as well as controlling, auditing and financial reports for listed companies. Carlsson holds a Master's Degree in Finance from Stockholm University. Thomas Carlsson is a Swedish citizen.

Shareholdings in IGE: 430,000

Warrants in IGE: 3,000,000

Fredric Bratt

CEO IGE Nordic AB

Since 2007

Born 1966

Bratt has more than 15 years of international and commercial experience from the mining and metals industry (mainly nickel, copper, cobalt, lead, zinc, precious and platinum group metals). Fredric worked over eight years for Falconbridge International in Brussels, initially as Manager Raw Materials and later as Director Raw Materials, where he was responsible for acquiring nickel, copper, cobalt and PGM bearing raw materials for the smelter in Sudbury, Canada and the Falconbridge Nikkelverk A/S refinery in Kristiansand, Norway. He was previously employed by Boliden over five years as General Manager for the joint Boliden, Trelleborg and Falconbridge office in Moscow. He has held directorships on the board of Falconbridge International Limited, Barbados (1998-2006) and Falconbridge East Limited, Cyprus (1998-2006). Fredric Bratt is a Swedish citizen.

Shareholdings in IGE: 100,000

Boris Kamstra

Managing Director IGE Diamond AB

Since 2010

Born: 1963

Mr Kamstra is a Professional Engineer with many years of project and financial experience. Over the last four years he has been establishing and managing diamond projects over most of Africa. In some instances this has required pioneering new logistical routes to gain access for the heavy equipment required. He qualified cum laude from the University of Cape Town with a Civil Engineering degree in 1989. He then commenced his career at Grinaker Concrete Construction becoming a director of that company in 1999. During his tenure there he completed a number of large infrastructure projects throughout Africa including a few South African firsts. After which he completed an MBA at University of Witwatersrand. He has undertaken projects for the Landbank of South Africa, the National Union of Mineworkers and a number of private companies primarily in the role of Managing Director or CEO tasked with returning companies to profitability or assisting with the establishment of new ventures. Prior to IGE Diamond he was the CEO of Pangea DiamondFields PLC, which he successfully merged with IGE Resources in March 2010. Boris Kamstra is a South African citizen.

Shareholdings in IGE: 0

Warrants/call options in IGE: 0

Cedric Simonet pic Greyscale Cedric Simonet

Africa Region Manager (CEO IGE Kenya)

Since 2007

Born 1973

Simonet is a Doctor in Geology and a trained Lean 6 Sigma Black Belt. He is European Geologist number 739. He has been working in geology and management in the mineral industry for the last 10 years. His professional experience encompasses a variety of minerals including gemstones, gold, fluorspar and bauxite. At Rockland Kenya Ltd, Simonet was general manager of the John Saul Ruby Mine. He worked several years with Alcan as mine manager and senior geologist of SOGEREM's fluorspar mines in France, and as Black Belt at the Gardanne alumina refinery in France. Cedric Simonet is a French citizen (residens in Nairobi, Kenya).

Shareholdings in IGE: 0

Warrants/call options in IGE: 0