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LINDSAY FORBES

Mr. Lindsay M. Forbes, MBA is Director of Equity Support for The European Bank for Reconstruction and Development.

Mr. Forbes has been with European Bank for Reconstruction and Development since 1994. Until 2000, he was responsible for transactions in Ukraine, Belarus, Romania, Croatia, Moldavia, Bosnia and Herzegovina and Caucasia and occasionally team Manager for those Countries.

He served as Head of Stakeholder Relations at ASET Management Limited. Before starting his career at the EBRD, he worked 13 years for the British Linen Bank, a subsidiary Investment Bank of the Bank of Scotland, where he was responsible for trade credits and Private Equity Stakes at different locations, including the U.S. (almost four years). He serves as a Director at International Moscow Bank and British Linen Bank. He serves as a Member of the Supervisory Board of Stalexport S.A. (Poland). He serves as a Director of Lenta L.L.C.

He serves as Director of CAEPCO and Dalkia Polska. He served as Director of Uni- Credit Bank and Orgresbank in Russia. He served as a Member of the Supervisory Board of Pliva dd. (now Pliva farmaceutika, dionicko društvo), a Croatian Pharmaceutical company. He qualified as a Solicitor with Norton Rose in 1978. Mr. Forbes has a law degree from Oxford University (1975) and an MBA from INSEAD (1981).

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