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Mr. Lowenthal became a director of Wits Basin Precious Minerals in September 2003. Mr. Lowenthal is a South African businessman and is Vice-Chairman of the Taylor Companies, a leading private bank located in Washington, and Chairman of SSC Mandarin Financial Services based in Hong Kong. Mr. Lowenthal was Chairman of the Johannesburg Stock Exchange from 1997 to 2000 and currently sits as a member of their Securities Regulation Panel. He was chairman for several public gold and diamond mining companies during the 1990s and has been actively involved in the diamond industry since 1960 assisting in the discovery of several major diamond finds in South Africa. | 