March Limited, the parent company of the March Group, was incorporated in Bermuda in 1976. The Group’s overall governance and its strategic priorities are determined by the Board of Directors of March Limited. The Committee of the Board of Directors of March Limited decides on the Group’s investment strategy and approves major investment decisions. The Chief Operating & Chief Financial Officer based in Hamilton is responsible for developing investment opportunities and for implementing the Group’s investment strategy. In addition, March Limited performs transactions and operations as well as treasury and central administrative functions on behalf of the Group. March Limited holds the majority of the Group’s strategic assets.

March International Limited was established in Liechtenstein in 2001. It is the service company within the March Group that supplies financial controlling as well as accounting and IT services. It also acts as link between the Group and certain service providers in Europe. The Board of Directors of March International Limited supports the business development of the service company. The Group Controller, who is also the General Manager of March International Limited, reports to the Chief Operating & Chief Financial Officer at March Limited in Bermuda. March International Limited does neither own nor manage any of the Group’s assets.

March Europe Société Anonyme was established in Luxemburg in 2002 as a subsidiary holding company within the March Group to hold strategic assets in the countries of the European Union.