Arctic Glacier

James E. Clark
Chairman of the Board

Mr. Clark is President and a director of Jecco Properties Ltd., a Vancouver-based real estate investment and development company and Moray Channel Enterprises Ltd., a marina development and management company. He was a founder of The Arctic Group Inc. in 1996 and has been a participant in the packaged ice industry for more than 20 years.

Mr. Clark has been Chairman of the Fund since May 2003 and previous to that, was Vice Chair and lead outside trustee since the Fund’s inception in 2002. He has been a director or principal of Arctic Glacier Inc. and its predecessor companies since 1989. Mr. Clark is a member of the Audit Committee and Compensation Committee.

The Honourable Gary A. Filmon P.C., O.C., O.M.

Mr. Filmon is Vice Chairman of Wellington West Capital Inc. of Winnipeg. He is a director of Manitoba Telecom Services Inc., Canadian Natural Resources Limited and FWS Construction, a trustee of Pollard Banknote Income Fund and Chairman and a trustee of Exchange Industrial Fund. Mr. Filmon is Chairman of Canada’s Security and Intelligence Review Committee. He was Premier of the Province of Manitoba from 1988 to 1999.

Mr. Filmon has been a trustee of the Fund since its inception in 2002 and was Vice Chairman of the Fund from May 2003 to December 2006. He was a director of The Arctic Group Inc. from 2000 to 2002. Mr. Filmon is Chair of the Audit Committee and a member of the Corporate Governance Committee.

David R. Swaine

Mr. Swaine was President of Roynat Business Capital Inc. in Charlotte, North Carolina, since October 2003 until December 2007. He was Executive Vice President and Chief Operating Officer and a director of Roynat Inc. of Toronto from July 1994 until October 2003.

Mr. Swaine has been a trustee of the Fund since its inception in 2002 and previously was a director of The Arctic Group Inc. from 1999 to 2002. Mr. Swaine is Chair of the Compensation Committee and the Corporate Goverance Committee and a member of the Audit Committee.