02-Jul-2012

APPOINTMENT

Executive Director

Executive

40

Malaysian

Mr Monteiro Gerard completed his A Levels in 1991 in Prime College, Kuala Lumpur.

Mr Monteiro Gerard joined the workforce as a sales agent for Riken Auto Sdn Bhd ("RASB") in 1992. RASB was a company dealing in the sale of used cars, both local and imported/reconditioned cars. He consistently performed as the top salesman in RASB during that time.

In 1994, in recognition of his sales performance he was appointed as a Director of RASB, and its sister company, Riken Marine Sdn Bhd, which was involved in selling luxury boats to local and regional customers. With his team, he built up the turnover of RASB in excess of RM100 million annually. He continued his involvement with the Riken group of companies until 1998 when he left.

In 1999, he set up Optima Auto Sdn Bhd ("Optima") and served as its Managing Director ("MD"). Optima was a company involved in the sale of used cars, both local and imported/reconditioned. As MD, he was responsible for the long term growth and prospects of the company, its operations, and its profitability. Optima was a smaller set up, and during his tenure, Optima consistently registered turnover of approximately RM80 million annually.

He left Optima in 2005 to venture into the property industry, via the establishment of Monteray Sdn Bhd (investment holding), Monteray Properties Sdn Bhd (property investment) and Monteray Land Sdn Bhd (property development). He was a shareholder as well as director in those companies. He currently maintains his directorship in Monteray Land Sdn Bhd. It was there that he obtained his experience and insight into all aspects of the property industry.

In 2008, he set up Pacific Regal Sdn Bhd ("PRSB") and Red Zone Development Sdn Bhd ("RDZSB") which are investment holding companies for various projects and investments undertaken. He was subsequently appointed as a director in RDZSB in November 2010 and in PRSB in April 2011. In September 2011, he was appointed as Executive Vice Chairman of Montprimo Sdn Bhd ("Montprimo"), a company involved in property development.

Mr Monteiro Gerard was also an established sportsman, representing Malaysia in squash at both junior and senior levels. In 1988 he was the National Junior Champion (Under 19s), and in 1989 he captained the National Junior Team to the Asian Junior Squash Championships (where the team finished second) and the East Asian Junior Squash Championships (Champion).

He then progressed to the Senior Team, where he also participated in the Manurewa Open in New Zealand in 1989 where he finished third. In 1991 he won the Malaysian Sukma games, and in 1992, he finished third in the Malaysian Closed Championship.

Nil

Nil

Nil

1) Formis Resources Berhad ("FRB"):
a) Deemed Interest: 35,989,600 fully paid-up ordinary
shares of RM1.00 each in FRB held by virtue of his substantial interest in Red Zone Development Sdn Bhd pursuant to Section 6A of the Companies Act, 1965.

2) Diversified Gateway Solutions Berhad ("DGSB"), a 59.61% owned subsidiary of FRB:
a) Deemed Interest: 808,282,401 fully paid-up ordinary
shares of RM0.10 each in DGSB held by virtue of his substantial interest in Red Zone Development Sdn Bhd, which in turn owned 19.36% equity interest in FRB, the holding company of Formis Holdings Berhad pursuant to Section 6A of the Companies Act, 1965.