The boards have considered what the size and future composition of the DSO board should be following the merger and it has been agreed that subject to completion of the merger, the board composition will be rearranged such that two new directors will be appointed to join the existing DSO Board. It is proposed that Sir Aubrey Brocklebank and Russell Catley join the DSO board from their current appointments as directors of DP2011. The appointments of Sir Aubrey Brocklebank and Russell Catley as directors of DSO are subject to the completion of the merger, and will ensure that the board of directors of the Enlarged company have direct experience of approximately 90% of the Enlarged Company's portfolio (by value).

It is intended that Sir Aubrey Brocklebank will be appointed as the senior independent director upon joining the DSO board.