RGI International Board of Directors
There are seven members of the Board. Collectively, the Board has extensive operational experience in the real estate market in Moscow, and the Board is composed of both international and Russian-based executives.

Jacob Kriesler was appointed as a Director and Chairman of the Company on 13 July 2006. Jacob Kriesler graduated with honors from Tel Aviv University in 1991 and 1992 with a BA and MA, respectively, in Economics. In 2004, Jacob Kriesler obtained a PhD in Economics from Bar-Ilan University. In 1992, Jacob Kriesler joined the money management firm, Meofim Limited.
Jacob Kriesler set up KK Newton Investments Limited, a money management and investment firm based in Israel, in 1994. Since 1997, Jacob Kriesler has been involved in the formation of and investment in various start-up companies in Israel.

Boris Kuzinez was appointed as a Director on 23 November 2006. Boris Kuzinez migrated from Latvia to Israel in 1971, and relocated to Russia in 1990 when established Einav Limited, a Russian based logistics and trading company. Boris Kuzinez commenced his Moscow property development business in 1993. Since 1995, Boris Kuzinez's property development business has focused on the development of high-end office, retail and residential properties situated in prime locations in Moscow. Due to his reputation for building high-end developments in the Moscow real estate market, Boris Kuzinez is regularly approached by third parties, and expects therefore to be instrumental in sourcing attractive development opportunities for the Group in future.

Yoram Evan was appointed Finance Director as of April 3, 2008. Yoram Evan holds a BA degree in Economics and a Master degree in Business Administration from the Tel Aviv University in Israel. from 1992 to 1996 Yoram Evan acted as a Senior Economist in the Budget Department of Israeli Ministry of Finance. From 1997 to 1998 Yoram Evan was the Chief Financial Officer of American Value Brands Inc. a New York, USA based food distributor. From 1998 to 2003 he acted as the Chief Financial Officer and Vice President Operations of nXpansion Inc. a NJ, USA based on-line supermarket – a pioneer in the electronic commerce market. From 2003 to 2007 Yoram Evan acted as the Chief Executive Officer of USA Detergents, Inc. a NJ, USA based consumer packaged goods marketer and manufacturer in the laundry and household cleaning market. Yoram Evan joined RGI in December 2007 as VP Business Development.

Emanuel Kuzinets was appointed as a Director on 13 July 2006. Emanuel Kuzinets obtained a BSc in Mathematics in 2002 and a Diploma in Economics in 2003 from Tel Aviv University. Since 2003, Emanuel Kuzinets has been the purchasing director of Milouban (M.C.P.) Limited, a producer of cotton linter pulp. In 2005, Emanuel Kuzinets was appointed a director and the chief executive officer of RGI Rose Group Investments Limited, an investment company based in Israel. Emanuel Kuzinets is the son of Boris Kuzinez.

Timothy Fenwick was appointed as a Director on 23 November 2006. Timothy Fenwick graduated in 1971 from the Universite Catholique de Louvain with a Licence en Sciences Historiques. Timothy Fenwick has been involved in the commercial property market since 1972. Between 1972 and 1999, Timothy Fenwick was an investment partner of the Belgium and the Luxembourg offices of Jones Lang Wootton. Timothy Fenwick was also responsible for opening Jones Lang Wootton's Moscow office, and served as its general director during the period 1995 to 1999. Between 1999 and 2004, Timothy Fenwick served as an investment partner of Atisreal (Belgium & Luxembourg), a property services company. Since 2004, Timothy Fenwick has acted as a managing director for Quantum Potes s.a. (Luxembourg), a property company.

Rafael Eldor was appointed as a Director on 23 November 2006. Rafael Eldor graduated in 1978 from Tel Aviv University with a BA in Economics. Between 1981 and 1982, Rafael Eldor graduated from Harvard University with an MA and a PhD in Economics. Rafael Eldor was also appointed as chairman of Meofim Limited, a money management firm, between 1992 and 1996. Rafael Eldor was appointed as chairman of Menofim Finansim Lisrael Ltd (an investment company, publicly traded on the Tel Aviv stock exchange) between 1992 and 1995. Rafael Eldor chaired the audit committee and was a member of the investment committee of a Bar-Yaziv Provident Fund from 1995 through to 2006. Between 1995 and 2000, Rafael Eldor served as a director of a Bar-Yaziv Provident Fund. Rafael Eldor was appointed as a member of the board of Interkosma Ltd (a consumer product company listed on the Tel Aviv stock exchange) between 1997 and 2000. Since 1999, Rafael Eldor has acted as an academic manager of the Rich Center for the Study of Trading and the Financial Markets at the Arison Business School. Rafael Eldor has also chaired the investment committee of, and has acted as a director of, the Provident Fund of Union Bank (Egud Kupot Gemel Ltd) since 2001. Rafael Eldor's former name was Rafael Avizoff, and was changed to Rafael Eldor in 1981.

Glenn Aaronson was appointed as a Director on 27 September 2006, and is the representative on the Board of SSF III Father Holdings. Glenn Aaronson graduated from Cornell University in 1978 as a Bachelor of Science and from Cornell University Graduate School of Business in 1979. Glenn Aaronson graduated from Golden Gate University in 1993 with a Masters in Tax. Glenn Aaronson is currently Head of Investing and Co-Head of European Real Estate Management, responsible for investment acquisition throughout Germany, Holland, Central Europe and Russia for a number of Morgan Stanley sponsored real estate funds. Glenn Aaronson has also held other real estate-oriented positions within Morgan Stanley. Between 1998 and 2001, Glenn Aaronson was the head of Credit Suisse First Boston's European Real Estate Group.