5 years private equity experience in USA & Africa Ronel joined Horizon Equity in 2007. She is responsible for all fund reporting, administration and compliance. Prior Experience: Ronel’s experience in private equity administration includes a year in the USA as a venture capital project manager for Boston Consulting Group, and over 3 years as a senior fund accountant with Ethos Private Equity in South Africa. She has also worked for a number of years in various financial accounting positions with Shell South Africa, Reutech and Sun International. Education: B. Com Marketing Management from Pretoria University

5 years private equity experience in USA & Africa Ronel joined Horizon Equity in 2007. She is responsible for all fund reporting, administration and compliance. Prior Experience: Ronel’s experience in private equity administration includes a year in the USA as a venture capital project manager for Boston Consulting Group, and over 3 years as a senior fund accountant with Ethos Private Equity in South Africa. She has also worked for a number of years in various financial accounting positions with Shell South Africa, Reutech and Sun International. Education: B. Com Marketing Management from Pretoria University