The Eurocamp offices in Hamburg, Germany

The Board of Directors The Board of Directors consists of six executive directors and three independent non-executive directors, all of whom are considered to be independent of management and free from any business or other relationship which could materially interfere with the exercise of their independent judgement. The posts of Chairman, which is a non-executive position, and Chief Executive are not combined ensuring a clear division of responsibility at the head of the Company. A senior non-executive director has been designated as lead director.

Biographical notes on all the directors are to be found on the Company Review page and fuller biographies are available on the Company's website at www.holidaybreak.co.uk.

Non-executive directors are appointed for specified terms of three years, subject to three months notice within that period and also subject to re-election and to Companies Act provisions relating to the removal of a director. Reappointment is not automatic. All directors are subject to election by shareholders at the first opportunity after their appointment and to re-election thereafter at intervals of not more than three years.

Directors are able to take independent professional advice, if required, at the expense of the Company. They also have access at all times to the advice and services of the Company Secretary who is responsible to the Board for ensuring that Board procedures are followed and that applicable rules and regulations are complied with.

Executive Directors receive annual appraisals which are carried out by the Chief Executive. Appraisal reports are reviewed by the Remuneration Committee. The Chairman carries out annual appraisals for the Chief Executive and the other non-executive directors. All directors receive appropriate induction training on appointment to the Board. Other training requirements are identified as part of the annual appraisal process.