Manoj Narender Madnani

Dubai, United Arab Emirates

Mr. Madnani has been Managing Director and Board Member of Kulczyk Investment House S.A. and related companies since June 2007. Mr. Madnani has a strong background in corporate finance, deal sourcing, international transactions and corporate strategy. Areas of expertise are in the energy and infrastructure including real estate sectors, as well as in emerging and frontier markets such as Central and South America, Central and Eastern Europe, West Africa and the Middle East and India. Prior to joining KIH in December 2007, he worked for several years in Central and Eastern Europe and the Middle East recently, focusing on sovereign energy security and global investments in the energy and infrastructure sector. In March 2008, Mr. Madnani established a Real Estate Investment Partnership ("REIP") with HH Sheikh Maktoum bin Hasher Al Maktoum, CEO of Al Fajer which was KIH's first international real estate joint venture. Mr. Madnani has been a director of KOV since 2007.

Prior to joining the Management Board of KIH, Mr. Madnani was Managing Director of The Marab Group, an oil and gas consultancy and investment banking firm based in Kuwait focusing on sovereign energy security and global investments in the energy sector, from July 2005 to May 2007; Chief Executive Officer of Cartoon Planet, a licensed character merchandise distributor and retailer in Poland from July 2003 to May 2005.

Mr. Madnani graduated from Babson College, Massachusetts, USA in 1991 with a Bachelor of Science degree in international finance. He currently serves as a Director on The Babson Alumni Association Board and is a Member of the European Board of the Young Presidents Organization.