Board of Directors

Living and Leisure Australia Group ('LLA') is a stapled group comprising Living and Leisure Australia Trust (ARSN 092 701 589) and Living and Leisure Australia Limited (ABN 92 107 863 445). Living and Leisure Australia Management Limited ('LLAM') (ABN 60 101 634 315) is the Responsible Entity for Living and Leisure Australia Trust and as such the Board of LLAM is deemed to be the Board of Living and Leisure Australia Trust.

LLAM and Living and Leisure Australia Limited recognises the need for the highest standards of corporate responsibility and accountability. As well as contributing a range of experience and expertise, the LLAM and Living and Leisure Australia Limited Board of Directors is committed to ensuring LLA operates profitably and in a legal and ethical manner to protect the interest of our security holders.

The primary role of the Board of LLAM in its role as Responsible Entity of Living and Leisure Australia Trust and the Board of Living and Leisure Australia Limited is the protection and enhancement of long term security holder value. The current board members are:

	*Julanne Mary Shearer* Independent Non-Executive Chair Director since 24 March 2005 Julanne holds a Bachelor of Laws from the Queensland University of Technology and a Bachelor of Commerce from Griffith University, and is a solicitor with extensive experience in the areas of managed investments, securities, Australian Financial Services licensing, fundraising and compliance. She has wide experience in general commercial matters including property development, leasing and complex business and company structures.
	*Bruce Sinclair McComish* Independent Non‑Executive Deputy Chair Director since 15 May 2006 Bruce holds a Bachelor of Commerce and Administration (Honours) from Victoria University of Wellington and is a qualified accountant. Bruce has been the Chief Financial Officer of National Australia Bank and North Limited and worked for 18 years for Unilever PLC in Europe and Asia as well as Australia. Bruce was a Director of Metal Storm Limited and the Chairman of HFA Accelerator Plus Limited.
	*Steve Howes* Independent Non-Executive Director Director since 30 June 2010 Steve has more than 23 years’ experience in corporate and project finance in Australia and South East Asia, including as an adviser, financier and institutional fund manager in the real estate industry. Steve is currently an Executive Director of Archerfield Capital Partners Pty Limited, an independent advisory firm specialising in the Australasian property market. Steve holds a Bachelor of Business (Accounting & Finance) and a Master of Business Administration. He was appointed a Fellow of the Australian Property Institute in 2005.
	*Michael Johnston* Non-Executive Director Director since 23 August 2011 Michael is the Finance Director of Consolidated Press Holdings Ltd (CPH), having previously been an advisor to the CPH Group for 19 years. As Finance Director, Michael oversees a large number of operational businesses within the CPH Group and its controlled associates. Michael was also the Chief Financial Officer of Ellerston Capital (a subsidiary of CPH) until 30 June 2008. Prior to his appointment with the CPH Group in 2004, Michael was a senior partner in the Australian member firm of Ernst & Young. Michael was also on the Board of Partners of Ernst & Young, Australia. Michael is a director of Arctic Capital Limited (the manager of the Arctic Asia Opportunities Fund L.P.). The Arctic Asia Opportunities Fund is a substantial shareholder of Living and Leisure Australia Group through its subsidiary Arctic LES (Ireland) Limited. Michael has been a responsible manager of Living and Leisure Australia Management Limited, the responsible entity of Living and Leisure Australia Trust since 25 November 2009. Directorships in other listed companies include Crown Limited and Ellerston Capital Limited. Michael holds a Bachelor of Economics degree from Sydney University and is an Associate of the Institute of Chartered Accountants of Australia.
	*Guy Jalland* Non-Executive Director Director since 23 August 2011 Guy is a qualified lawyer, an executive of CPH and is the Company Secretary of CPH and most of its controlled entities. Guy was previously the Group General Counsel and Joint Company Secretary of Publishing and Broadcasting Ltd (PBL) from 2004 to 2007 (appointed Company Secretary in 2005). Prior to joining PBL, Guy commenced as an executive of CPH in 1998. Guy is also a director of a number of companies, including Consolidated Media Holdings Limited, FOXTEL Management Pty Limited, Premier Media Group Pty Limited (FOX SPORTS) and the Melbourne Football Club Limited.
	*Joe Dische* Independent Non‑Executive Director Director since 5 September 2011 Mr Dische is the General Manager Commercial Technology for Vodafone Hutchison Australia, and prior to that was the Chief Financial Officer for V2 Music Holdings in the UK. Mr Dische holds a Bachelor of Science with Honours from Nottingham University and is a Qualified Accountant with the Institute of Chartered Accountants in England and Wales.