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FRANK VILLANTE BEcon, Chief Investment Officer    Frank started his career in 1981 with National Australia Bank in the Economics, Retail and Corporate Banking areas. From 1984 to 1988 he had roles as an Analyst/ Research Manager with Bridges, Son & Shepherd and then with Clark & Co (Citicorp Scrimegour Vickers) as an Analyst and Institutional Equities Dealer. In 1988 he joined the NRMA initially as an Analyst, and ultimately moving into a Portfolio Management role. Frank moved to Bankers Trust in 1995 as a Portfolio Manager where he had responsibility for large and small-cap portfolios until 2001. In 2002 Frank undertook certain consulting roles for both listed and unlisted companies, and was involved in 2 projects for ASIC. Frank joined Celeste Funds Management in January 2004 as Chief Investment Officer.   frank@celestefunds.com.au

PAUL BIDDLE BAcc, BBus (Hons), CFA, GAICD, Investment Analyst Paul started his career as an analyst in 1992 with Lend Lease Project Finance. In 1994 he joined Ord Minnett Securities (now JP Morgan) analysing a broad array of sectors of the Australian industrial market.  In 2000 he joined BT Funds Management and was involved in analysis of both US and Australian equities.  In 2002 he joined Merrill Lynch Investment Managers as a fund manager with responsibilities for analysis as well as input into the management of the firms’ Australian portfolios.  Paul joined Celeste Funds Management in April 2005. His investment experience covers the industrial and financial sectors listed on the Australian Stock Exchange.   paul@celestefunds.com.au

CALLUM SINCLAIR BBus, CA, Investment Analyst Callum started his career at ING Australia in 2007 working part time as a financial accountant during university before starting as an audit analyst at Deloitte in 2011. He joined the wealth division of NAB as a senior finance analyst in 2013 before returning to Deloitte in early 2014 as a senior analyst in the corporate finance team where he was involved in the analysis and due diligence for transactions, IPOs and government advisory work. Callum joined Celeste Funds Management in November 2014. callum@celestefunds.com.au

STEPHEN HANICH BEc, Company Secretary & Operations Manager Stephen started his career in 1991 as a superannuation analyst with MJR Consultants, and later with Rice Kachor Research in roles covering superannuation consulting, product research, investment, insurance products and company secretarial. Stephen joined Flinders Asset Management in December 2000 and Celeste in February 2002.   stephen@celestefunds.com.au

BRUCE ROBERTSON BEcon, FFin, Business Development Officer Bruce started his career in 1986 as a trainee investment analyst with Perpetual Trustees Australia.  He rose to the position of Assistant Equities Manager.  In 1990, he joined Nippon Life Insurance in Australia where he held the position of Senior Equities Manager.  From 1995, Bruce worked as a small companies analyst at Hartley Poynton Ltd stockbrokers where he was Head of Research.  In 2000, he joined BT as a small companies analyst working with Frank Villante.  Since 2002, Bruce has been farming on the mid North Coast.  He has been a leader in the national debate on energy prices in the last few years and has written for the Sydney Morning Herald as a guest commentator.  Bruce joined Celeste Funds Management in March 2014.   bruce@celestefunds.com.au