The Board of Directors of ReEnergy Management S.à.r.l. is responsible for management of underwritten capital and has formal responsibility for investment and divestment decisions. The board is composed as follows:

• Dr. Giuliano Tagliavini, chairman - Managing Partner, Tagliavini & Partners. Management Consultant and Business Developer, who has gained extensive experience in the banking and financial world first and subsequently in the business organization and strategic support, especially in the SME segment. Currently he is Chairman of Ata Engineering and Member of the Board of Directors in several Italian and international companies (Iren Energia, Energee3, Palomar, Patrin). In the past he has held important positions in major Italian banking or industrial groups (General Manager of Iccrea Holding, Assistant General Manager of Federcasse, Member of the Board of Directors and member of the governance committees of Capitalia, Fineco and Bipop as well as Enìa and, during the process of accompaniment to receivership and restructuring, Mariella Burani Fashion Group and Bioera), and in Italian and international associations (Abi, European Cooperative Banks Association, Cica). As an advisor to industrial groups he has gained considerable experience in the financial and industrial investments in the renewable energy field;
• Dr. Davide Murari, board member – Head of the Banque de patrimoines prives S.A. Luxembourg Bank corporate department. He has held this office since 2008, after being a manager of the corporate Department of Sanpaolo Bank Luxembourg S.A. (Intesa Sanpaolo Group) from 1995 to 2008;
• Attorney-at-Law Fabio Trevisan, board member – Partner in the law Firm Bonn Schmitt Steichen, Luxembourg. Lawyer "admitted to the bar" in 1993 (New York, USA), 1993 (Luxemburg), 2001 (Milan, Italy). Graduated in Law from the University of Milan (1990), specializing at the New York University School of Law (M.C.J. degree, 1992).