Tiffany Dunsdon CA(SA) (36)
Commercial Director; Date of appointment 5 December 2007

Tiffany served her traineeship with Deloitte and thereafter joined British Airways in the UK where she was involved with several major business re-engineering and IT outsourcing projects. On her return to South Africa, she was contracted by Computer Services Corporation on the due diligence of outsourcing the Old Mutual’s IT infrastructure services. Tiffany joined InfoWave in a consulting capacity in 2000 and was appointed as financial director in April 2002 and CEO in December 2003. Tiffany took responsibility for the strategic management and business development of the group from 1 June 2004.

Bev Carrilho CA(SA) (41)
Financial director and company secretary; Date of appointment 1 March 2005

Bev was appointed as the company’s financial director on 1 March 2005. Bev qualified as a CA with Deloitte and became a senior manager. She then spent four years as financial director of Consumer Credit Holdings Limited, a listed entity later sold to BoE, whereafter she spent two years with ABSA Corporate and Merchant Bank.

Bruno Lionnet (48)
Executive director; Date of appointment 30 June 2000

Bruno joined the Portnet finance department before transferring into the IT division in the early 1980s, where he assisted with the development and implementation of a financial solution and IT strategy for all South African ports. He was responsible for the cross-functional architecture for Portnet’s suite of applications. Bruno joined InfoWave as project manager in 1999 and was appointed a director of InfoWave Holdings Limited in June 2000. He is responsible for the custom built and technical business units.

Cindy von Pannier BCom (Information Systems) (43)
Sales and marketing director; Date of appointment 1 September 1998

Cindy has been directly involved in the IT industry for 25 years in all fields of system
development, project management, IT strategy and business management. Cindy is one of the founding directors of InfoWave (Proprietary) Limited and since its inception in 1996, has held key positions in macro resource planning, business management, key account management and business development for the group. Cindy is responsible for the sales and marketing portfolio for the group, and last year became executive director and chairperson of InfoWave’s new business initiative InfraSoft Technologies (Pty) Limited.

Ralph Collis (51)
Non-executive chairman; Date of appointment 1 June 2004

Ralph has been involved in the IT industry since 1975 and has valuable experience in the development, implementation and support of software solutions in the retail, mining and milling industries. InfoWave was established in 1996, and Ralph was one of the founding directors. In May 2004 he retired as the CEO, and now continues his relationship with the group as the company’s non-executive chairman.

Wanda Shuenyane BA (Political Economy) (34)

Pursuant to a BEE transaction by our largest shareholder, Wanda was appointed a non-executive director of iCapital fund managers (Pty) Limited, the fund manager of the iCapital Growth Fund Trust, which holds 14,2% of InfoWave Holdings Limited. Wanda was appointed a non-executive director of InfoWave Holdings Limited effective 5 July 2005. Born and raised in Soweto, Wanda attained academic scholarships for high school as well as towards his foreign tertiary education. He obtained a BA in Political Economy (with distinction) in 1997 from Pomona College, Claremont, California, USA. Wanda took up the position of Assistant Analyst with international investment bank, Merrill Lynch SA (Pty) Limited from 1997 to 1999. Wanda then worked as an associate consultant with Bain & Co. strategy consultants from 1999 to 2001 before taking up the position of General Manager at ABI, the largest and most operationally efficient Coke bottler in Africa. Here he was responsible for sales, marketing and distribution for the Phoenix operation in Durban, before being promoted to General Manager of ABI’s East Rand operation. In October 2004 Wanda founded his own investment business, Sceptre Holdings, which made an investment in iCapital among others and which led to his introduction to InfoWave.

Paris Aposporis BCom, LLB, MBA (41)
Independent non-executive director; Date of appointment 18 June 2003

Paris was re-appointed to the board as an independent non-executive director effective
18 June 2003 and was re-elected 28 May 2004. He served as a non-executive director
from 1 September 1998 to 31 December 2001 when he was required to resign due to
taking up a position with the JSE Securities Exchange South Africa. He has since joined
the investment banking division of a financial institution. His knowledge of InfoWave’s
business, together with his expertise, is extremely valuable in guiding the board.

Dr Bernard Ravnö PhD, AMP (Harvard) (67)
Independent non-executive director; Date of appointment 26 May 2003

Bernard has been involved in the sugar industry for over 30 years. In 2002 he retired from the position of technical director of the Illovo Sugar Group. One of his responsibilities there was to oversee the application and upgrading of the process control and automation systems at all 18 of the factory sites. From 1979 to 1986 he was the director of the Sugar Milling Research Institute, before joining CG Smith Sugar (now Illovo Sugar) as general manager of their Sezela mill and estates on the South Coast. He was appointed to the board of Illovo Sugar Limited in January 1992 and to the board of InfoWave Holdings Limited in May 2003 and re-elected on 28 May 2004.