Cayman Islands Consolidated Water

Left to right: Brian E. Butler, Leonard J. Sokolow, Raymond Whittaker, Richard L. Finlay, Wilmer F. Pergande, Clarence B. Flowers, David W. Sasnett, Frederick W. McTaggart, Carson K. Ebanks.

BOARD OF DIRECTORS

Brian E. Butler has been a director of the Company since 1983. Mr. Butler, a full time resident of the Cayman Islands, has been the president since 1977 of Butler Property Development Group, a consortium of property development companies specializing in luxury resort projects in the Cayman Islands, Turks and Caicos Islands and British Columbia, Canada.

Leonard J. Sokolow became a director of the Company on June 1, 2006. From November 1999 until January 2007, Mr. Sokolow has been CEO and President of Finance, Inc., a publicly-traded financial services company, which he co-founded. From January 2007 until July 2008, Mr. Sokolow was the Chairman and CEO of Finance, Inc. until it merged into National Holdings Corporation, a publicly traded financial services company.

Since July 2008, Mr. Sokolow has been Vice-Chairman and President of National Holdings Corporation. Mr. Sokolow was Founder, Chairman and Chief Executive Officer of the Americas Growth Fund, Inc., a closed-end 1940 Act management investment company, from 1994 to 1998. From 1988 until 1993 Mr. Sokolow was EVP and General Counsel of Applica, Inc., a publicly-traded appliance marketing and distribution company. From 1982 until 1988 Mr. Sokolow practiced corporate, securities and tax law and was one of the founding attorneys and a partner of an international boutique law firm.

From 1980 until 1982 he worked as a CPA for Ernst & Young and KPMG Peat Marwick.

Raymond Whittaker has served as a director of the Company since 1988.  Mr. Whittaker was the Managing Director of TransOcean Bank & Trust, Ltd., a bank and trust company located in the Cayman Islands and a subsidiary of Johnson International, Inc., a bank holding company located in Racine, Wisconsin from 1984 to December 2000.

He is now the principal of his own company and management firm, FCM Ltd.

Richard L. Finlay has served as a director of the Company since 1995. Mr. Finlay is an attorney and notary public, and has practiced law in the Cayman Islands since 1992.  Prior to that, Mr. Finlay served as Director of Legal Studies of the Cayman Islands Government from 1989 to 1992.  Mr. Finlay was a partner with a Canadian law firm located in Regina, Canada, from 1983 to 1989.

Mr. Finlay has served as the Cayman Islands’ representative to the International Company and Commercial Law Review and is a former editor of the Cayman Islands Law Bulletin.

Wilmer F. Pergande (Chairman) has been a director of the Company since 1978. Mr. Pergande is the principal of WF Pergande Consulting LLC currently providing consulting engineering services in the areas of desalination and fluid dynamics technologies. He retired in 2005 as the Global Leader for Desalination and Process Equipment for GE Infrastructure, Water and Process Technologies, a water desalination and treatment division of GE, a position he held since 2002.

Mr. Pergande previously held the position of Vice-President of Special Projects, and CEO of a subsidiary, of Osmonics, Inc., a publicly-traded water treatment and purification company, until its acquisition by General Electric Co. Before joining Osmonics, Mr. Pergande was the Chief Executive Officer of Licon International, Inc., a publicly traded manufacturer of liquid separation and processing equipment.

Previously, Mr. Pergande was the President of Mechanical Equipment Company, Inc., and held executive managerial positions with AquaChem Inc., both companies being manufacturers of seawater desalination equipment.  In 2007, he was elected a Director of the International Desalination Association and also serves as its Secretary.

Clarence B. Flowers, Jr. has been a director of the Company since 1991.  Mr. Flowers is, and has been since 1985, the principal of Orchid Development Company, a real estate developer in the Cayman Islands.  Mr. Flowers also serves as a director of C.L. Flowers & Son, which is the largest manufacturer of wall systems in the Cayman Islands, and Cayman National Bank, a retail bank.

David W. Sasnett was appointed to the Board of Directors in December 2004. He became an Executive Vice President and the company's Chief Financial Officer in June 2006. He served as the Chairman of the Audit Committee from December 2004 through to June 2006.

During his career Mr. Sasnett has served as the Chief Financial Officer or senior financial officer for various public companies, including Mastec, Inc. and Catalina Lighting, Inc. He is an Executive Vice President of Secure Enterprises, LLC, a marketer and distributor of consumer products, a position he has held since co-founding that company in 2003.

Mr. Sasnett's experience also includes more than 12 years with the international accounting, auditing and consulting firm of Deloitte & Touche, LLP.

Mr. Sasnett has a BSc in accounting from the University of Florida.

Frederick W. McTaggart has been a director of the company since 1998, President since October 2000 and Chief Executive Officer since January 1, 2004. On January 1, 2004, Mr. McTaggart resigned as Chief Financial Officer, a position he held since February 2001.

From April 1994 to October 2000, Mr. McTaggart was the Managing Director of the Water Authority-Cayman, the government-owned water utility serving certain areas of the Cayman Islands.

He received his B.s. in Building Construction from the Georgia Institute of Technology in 1985.

Carson K. Ebanks became the Cayman Islands government nominated director of the Company in May of 2001. Mr. Ebanks was the Director of Planning for the Cayman Islands from 1991 - 1997. Since 1997, he has served the Cayman Islands Government as a Chief Officer, currently for the Ministry of Community Services, Works and Infrastructure.

Mr. Ebanks is a Justice of the Peace, a Fellow of the Royal Geographic Society, a member of the American Planning Association and a member of the Most Excellent Order of the British Empire.  He holds a Bachelor of Environmental Studies (Hons. Urban and Regional Planning — Peace and Conflict Studies Minor) from the University of Waterloo, and a Master of Arts — Planning in Community and Regional Planning from the University of British Columbia.

He is a trustee of the National Gallery of the Cayman Islands. Mr. Ebanks has served on the Boards of the Trustees for the Cayman Islands Museum, the Cayman Islands Civil Service Co-operative Credit Union, the Housing Development Corporation, the Water Authority-Cayman, the National Roads Authority, and is the Secretary General of the Cayman Islands Olympic Committee.