John J Clarke, Jr, Chairman of the Board. Mr Clarke co-founded Homeland Renewable Energy Inc with Rupert Fraser in 2003. He is the Founder and President of Baldwin & Clarke Corporate Finance, Inc., an investment banking firm established in 1984 that has completed nearly $2 billion in middle market M&A transactions and capital raises. Mr Clarke recently co-founded Triumph Investment Fund, LLP, a private equity firm specializing in investing in high performance small cap Community Based Commercial Banks, with Mr Keller.

Rupert Fraser, MA, ACA, President & CEO, Founder. Mr Fraser co-founded Homeland Renewable Energy Inc with Jack Clarke in 2003, to acquire Fibrowatt LLC from its UK parent Fibrowatt Ltd. He had previously founded Fibrowatt LLC in 2000, and was co-founder, with his father, of Fibrowatt Ltd in the UK in 1989. Between 1989 and 2005 he was a Director of Fibrowatt Ltd, where he served as Finance Director and Chief Executive.

Mr. Fraser previously worked for Gavin Anderson & Company, the Financial PR consultancy, where he was Director in charge of stock surveillance and information technology. Prior to joining Gavin Anderson, Mr Fraser spent three years in investment banking with Robert Fleming & Co. Ltd and two years working on acquisitions for ICI Paints Division, after having trained as a Chartered Accountant with KPMG. He has a degree in History from Magdalen College, Oxford.

In the UK he has been the Chairman of the Government Department of Trade & Industry's Bioenergy Exports Network, a member of the Government Energy Regulator's High Level Environmental Advisory Group, and the Founder and first Chairman of the UK's leading pan-technology renewable energy trade association, the Renewable Energy Association.

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Robert P Keller, Non Executive Director, Chairman of Remuneration Committee; member of Audit Committee

Mr Keller has served as the President and Chief Executive Officer of three separate financial institutions since 1991, each of which was acquired by a larger regional banking company. Mr Keller's extensive career in the banking industry has spanned over 30 years. In addition to his banking experience, Mr Keller is a CPA and had nine years of public accounting practice in New York and North Carolina. From March 2002 to May 2003, Mr Keller served as the Founding Chairman and Chief Executive Officer of InStar Services Group, a nationwide provider of insurance restorations and reconstruction services out of Fort Worth, Texas.

Currently, Mr Keller serves as the Chairman of the Board of Directors of Security Business Bank of San Diego in addition to being Director and Chairman of the Audit Committee of the Pennichuck Corporation. Mr Keller recently co-founded Triumph Investment Fund, LLP, with Mr Clarke.

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Richard A. M. Constant, MBE, Non Executive Director, Member of Remuneration Committee.

Mr. Constant is Chief Executive Worldwide and Chairman of Gavin Anderson & Company, an international communications consulting firm and market leader in advising the London quoted renewable energy sector. In this role Mr Constant has advised numerous companies and organisations such as British Energy plc, UK Coal plc, GAZPROM, Enterprise Inns plc, Alliance Boots plc, the Government of Qatar and NASDAQ on their communications and investor relations programmes, both domestically and internationally. He has been involved in 150 M&A transactions and 50 IPOs.

He has served as a non-executive director on the Boards of Austin Reed Group plc and Fibrowatt Limited.

Between 1985 and 1989 Mr Constant was responsible for marketing in London and New York for the investment banking division of Robert Fleming & Co, prior to which he served in the British Army for 13 years, latterly in the Ministry of Defence as an Assistant to the Vice-Chief of the General Staff. He was educated at the Royal Military Academy, Sandhurst, and has a degree in Modern History from Durham University.

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Derek W Hasbrouck, Non Executive Director, Member of Audit Committee.

Mr. Hasbrouck is an independent consultant serving the utility industry, including expert witness assignments under contract through PA Consulting.

In 2006 and 2007, he served as CFO and Treasurer of Vermont Electric Power Company, leading its financial restructuring and raising of $400m of new capital. Prior to this he was Senior Partner and a Management Committee Member of PA Consulting Group, Inc, and its predecessor firms Hagler Bailly, Inc. and TB&A Group, Inc.

He has over 25 years of international experience providing consultancy advice to utilities, including leading the implementation of the wholesale electricity market in Singapore and testimony to FERC and numerous state utility regulatory commissions.

Mr. Hasbrouck has a BS in Electrical Engineering from Rensselaer Polytechnic Institute and a MBA from Northwestern University.

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Thomas C Leonard, BS, CPA, Non Executive Director, Chairman of Audit Committee; member of Remuneration Committee.

Mr Leonard is a vice president in the Boston-based finance practice of CRA International, the global consulting firm. He has more than 30 years of experience providing financial services to global and national organization13s, including providing expert witness testimony and analysis in matters involving the application of GAAP standards in connection with purchase price calculations, revenue recognition, and other complex accounting and financial reporting matters.

Prior to joining CRA, he was a managing director at Huron Consulting Group. He was also a senior partner at Arthur Andersen LLP, and served as the Partner-in-Charge of New England Assurance and Business Advisory practice. Mr Leonard has worked with the top management, external counsel, and the boards of directors of clients in many industries, including high technology, manufacturing, and energy, where he has provided special investigation and accounting advisory services in a broad range of accounting and financial reporting areas.

He currently serves on the Board of Kadant Inc, the NYSE-quoted paper-making equipment company.

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