Mark Scott Lebbell

ICM Investment Research Ltd. (ICM Investment Research) is the investment management subsidiary of ICM Ltd. in Great Britain. Established as Sightblock Limited in 1997 by Charles Jillings, the firm is based in Epsom and provides investment management services including portfolio monitoring and research to a number of companies and nonprofit organizations. They provide investment management research services to the Utilico Investments Ltd. and Utilico Emerging Markets Ltd. closed-end Bermuda incorporated investment companies.

ICM Investment Management Ltd. (ICMIM) is an asset management firm headquartered in Surrey, UK. The firm was founded by Charles Jillings in 2015 and is a subsidiary of ICM Ltd. (ICM). ICMIM serves as Alternative Investment Fund Manager for UIL Ltd., and Utilico Emerging Markets Trust plc, and as joint portfolio manager with ICM. ICMIM also acts as sub-investment manager to the Pentagon High Conviction Bond Fund.

Utilico Ltd. (Utilico) is the UK investment management subsidiary of Utilico Investments Ltd. in the UK. Established in 2007 as a successor to Utilico Investment Trust plc., the firm is an exempted closed-end Bermuda incorporated investment firm which aims to provide long-term capital appreciation by investing primarily in infrastructure, utility and related companies (including other investment companies investing in those companies). Based in Epsom, Utilico's Directors determine the firm's investment policy and have overall responsibility for the Group's day-to-day activities. They have an agreement with Ingot Capital Management Pty Ltd. which performs discretionary management of their portfolio and provides other management services.

Utilico Investment Trust Plc (UIT) (LSE: UIL) was formed from the reconstruction of The Special Utilities Investment Trust Plc in 2003. Located in Surrey, UK, the firm is a self-managed investment trust. UIT's investment advisor, Ingot Capital Management Pty Ltd., provides portfolio monitoring, research and other investment advisory services to the firm

Utilico Emerging Markets Ltd. is a closed-end investment trust. It provides long-term total return by investing predominantly in infrastructure, utility and related sectors, mainly in emerging markets. The company was founded on June 9, 2005 and is headquartered in Hamilton, Bermuda.