Third Avenue Management

David M. Barse, President and Chief Executive Officer

David Barse is the President and Chief Executive Officer of Third Avenue Management LLC. Mr. Barse joined Martin Whitman in 1991, soon after the inception of the Third Avenue Value Fund. Under Mr. Barse's strategic business development, Third Avenue has grown assets under management and has expanded its offerings to include separate accounts, subadvised portfolios and alternative investment vehicles.

Mr. Barse is also the CEO of M.J Whitman LLC, a full-service broker-dealer affiliated with Third Avenue.

Previously, Mr. Barse practiced bankruptcy and corporate law. Mr. Barse received a J.D. from Brooklyn Law School and a B.A. from George Washington University.

Mr. Barse is a member of the Brooklyn Law School Board of Trustees.

Vincent J. Dugan, Chief Financial Officer and Chief Operating Officer

Vincent Dugan is the Chief Financial Officer and Chief Operating Officer of Third Avenue Management LLC and M.J. Whitman LLC. Mr. Dugan joined Third Avenue in 2004.

Prior to joining Third Avenue Management, Mr. Dugan was a partner in Ernst & Young's Financial Services Office, where he provided audit and advisory services to clients in the asset management industry. Mr. Dugan began his career with Arthur Andersen in 1987 and was admitted to Andersen's partnership in 1998.

Mr. Dugan received a B.S. in Accounting from Rider University. He currently serves as the Treasurer and a Trustee of Staten Island Academy, an independent college preparatory day school. Mr. Dugan is a certified public accountant and a member of the American Institute of Certified Public Accountants.

W. James Hall, General Counsel and Secretary

James Hall is General Counsel and Secretary of Third Avenue Management LLC and M.J. Whitman LLC. Mr. Hall joined Third Avenue in 2000. Prior to joining Third Avenue, Mr. Hall was an associate at the law firms of Paul, Weiss, Rifkind, Wharton & Garrison; Morgan, Lewis & Bockius; and Gibson, Dunn & Crutcher.

Mr. Hall received a J.D. from University of Pennsylvania School of Law. He received a B.S. in Biology and a B.S. in Aeronautical/Astronautical Engineering from Massachusetts Institute of Technology.