Go-Ahead
Annual Report and Accounts for the year ended 27 June 2009

Board of Directors

Sir Patrick Brown, Non-Executive Chairman
1. Sir Patrick Brown
Non-Executive Chairman
Sir Patrick Brown, Non-Executive Chairman

1. Sir Patrick Brown Non-Executive Chairman

Term of office: Sir Patrick Brown joined the Board in January 1999 as Non-Executive Director, becoming Non-Executive Chairman in October 2002. Last re-elected by shareholders at the 2008 AGM, he will again stand for re-election at the AGM in October 2009.

Independent: On appointment.

Committee membership: Chairman of the Remuneration Committee and Nomination Committee. Regularly attends Audit Committee by invitation.

External appointments: Senior Independent Director at Northumbrian Water Group plc (Chairman of the Audit Committee and member of the Nomination and Remuneration Committees); Non-Executive Director of Northumbrian Water Ltd and Northumbrian Water Share Scheme Trustees Ltd.

Previous experience: Sir Patrick spent ten years in industry and management consultancy before joining the Civil Service, initially involved in privatisation in the Department of Transport during the 1980’s. He then moved to the Department of the Environment, before returning to the Department of Transport as Permanent Secretary from 1991 to 1997.

Keith Ludeman, Group Chief Executive
2. Keith Ludeman
Group Chief Executive
Keith Ludeman, Group Chief Executive

2. Keith Ludeman Group Chief Executive

Term of office: Keith Ludeman joined the Board in September 2004 and was appointed as Group Chief Executive in July 2006. He was last re-elected by shareholders at the 2007 AGM.

Committee membership: Member of the Nomination Committee. Attends Audit Committee and Remuneration Committee by invitation.

External appointments: Non-Executive Director of ATOC Ltd.

Previous experience: Keith became a main Board advisor in 1998, after joining Go-Ahead in 1996 when the Group acquired London General. Prior to this he held senior management positions in several bus companies, mainly at Managing Director level, in Greater Manchester, Lancashire and London. He has also worked overseas and as a transport consultant. He was appointed Chief Executive of the Group’s London bus division in 1997 and then moved over to head the rail division in 1999. A postgraduate transport planner, he is a fellow of the Institute of Logistics and Transport and a fellow of the Institute of Railway Operators.

Nick Swift, Group Finance Director
3. Nick Swift
Group Finance Director
Nick Swift, Group Finance Director

3. Nick Swift Group Finance Director

Term of office: Nick Swift was appointed to the Board as Group Finance Director in July 2007. He was elected by shareholders, following his appointment, at the 2007 AGM.

Committee membership: Attends Audit Committee by invitation.

External appointments: None

Previous experience: Prior to Go-Ahead, Nick worked as Group Finance Manager at Hanson plc where he was responsible for investor relations and had also been Head of Tax and Treasury and Group Financial Controller. He joined Hanson plc in 2000 following its acquisition of Pioneer International where he held a number of senior corporate and operational finance roles including European Finance Director. He has prior experience of the transport industry having been Group Financial Reporting Manager at Air New Zealand which he joined from Touche Ross. He is a Chartered Accountant.

Andrew Allner, Non-Executive Director
4. Andrew Allner
Non-Executive Director
Andrew Allner, Non-Executive Director

4. Andrew Allner Non-Executive Director

Term of office: Andrew Allner joined the Board in October 2008. He will be standing for election for the first time following his appointment at the AGM in October 2009.

Independent: Yes.

Committee membership: Chairman of the Audit Committee. Member of the Remuneration and Nomination Committees.

External appointments: Non-Executive Director at CSR plc (Chairman of the Audit Committee and member of the Nomination and Remuneration Committees); Non-Executive Director at Marshalls plc (Chairman of the Remuneration Committee and member of the Audit and Nomination Committees); Non-Executive Director at Northgate plc (Chairman of the Audit Committee and member of the Nomination and Remuneration Committees).

Previous experience: Andrew is a chartered accountant and a former partner at Price Waterhouse. He was Group Finance Director of RHM plc between 2004 and 2007, and Chief Executive of Enodis plc prior to this. He was also a Non-Executive Director of Moss Bros Group plc and Chairman of their Audit Committee until 2005.

Rupert Pennan-Rea, Non-Executive Director
5. Rupert Pennan-Rea
Non-Executive Director

Senior Independent Director
Rupert Pennan-Rea, Non-Executive Director

5. Rupert Pennan-Rea Non-Executive Director/
Senior Independent Director

Term of office: Rupert Pennant-Rea joined the Board in October 2002 and was appointed Senior Independent Director in October 2008. He was last re-elected by shareholders at the 2006 AGM and will stand for re-election at the AGM in October 2009.

Independent: Yes.

Committee membership: Member of the Audit, Remuneration and Nomination Committees.

External appointments: Non-Executive Chairman of PGI Group Ltd, Acuity VCT plc, Acuity VCT 2 plc and Henderson Group plc, as well as Chairman of Henderson Group plc Nomination Committee. Non-Executive Director of Times Newspaper Holdings Ltd, The Economist Newspaper Limited, Defaqto Group Ltd, Specialist Waste Recycling Ltd, Gold Fields Ltd and First Quantum Minerals Ltd.

Previous experience: Rupert was Deputy Governor of the Bank of England from 1993 to 1995, prior to which he was Editor of The Economist. He has held a variety of Non-Executive Directorships over the last 15 years.

Carolyn Sephton, Group Company Secretary
6. Carolyn Sephton
Group Company Secretary
Carolyn Sephton, Group Company Secretary

6. Carolyn Sephton Group Company Secretary

Term of office: Carolyn Sephton was appointed as Group Company Secretary in July 2006.

Committee membership: Secretary to the Audit, Remuneration and Nomination Committees.

External appointments: None.

Previous experience: Carolyn joined Go-Ahead in 2001 and is a Chartered Secretary. Prior to her appointment as Group Company Secretary she was Assistant Company Secretary for the Group with responsibility for non-rail pensions and a wide range of company secretariat functions including share schemes, legislative compliance, corporate governance and codes of conduct specific to the Group’s business activities. Prior to working for Go-Ahead, Carolyn spent twelve years working for Northern Electric, predominantly in the field of pensions.

1. Sir Patrick Brown

Non-Executive Chairman

Term of office: Sir Patrick Brown joined the Board in January 1999 as Non-Executive Director, becoming Non-Executive Chairman in October 2002. Last re-elected by shareholders at the 2008 AGM, he will again stand for re-election at the AGM in October 2009.

Independent: On appointment.

Committee membership: Chairman of the Remuneration Committee and Nomination Committee. Regularly attends Audit Committee by invitation.

External appointments: Senior Independent Director at Northumbrian Water Group plc (Chairman of the Audit Committee and member of the Nomination and Remuneration Committees); Non-Executive Director of Northumbrian Water Ltd and Northumbrian Water Share Scheme Trustees Ltd.

Previous experience: Sir Patrick spent ten years in industry and management consultancy before joining the Civil Service, initially involved in privatisation in the Department of Transport during the 1980’s. He then moved to the Department of the Environment, before returning to the Department of Transport as Permanent Secretary from 1991 to 1997.

2. Keith Ludeman

Group Chief Executive

Term of office: Keith Ludeman joined the Board in September 2004 and was appointed as Group Chief Executive in July 2006. He was last re-elected by shareholders at the 2007 AGM.

Committee membership: Member of the Nomination Committee. Attends Audit Committee and Remuneration Committee by invitation.

External appointments: Non-Executive Director of ATOC Ltd.

Previous experience: Keith became a main Board advisor in 1998, after joining Go-Ahead in 1996 when the Group acquired London General. Prior to this he held senior management positions in several bus companies, mainly at Managing Director level, in Greater Manchester, Lancashire and London. He has also worked overseas and as a transport consultant. He was appointed Chief Executive of the Group’s London bus division in 1997 and then moved over to head the rail division in 1999. A postgraduate transport planner, he is a fellow of the Institute of Logistics and Transport and a fellow of the Institute of Railway Operators.

3. Nick Swift

Group Finance Director

Term of office: Nick Swift was appointed to the Board as Group Finance Director in July 2007. He was elected by shareholders, following his appointment, at the 2007 AGM.

Committee membership: Attends Audit Committee by invitation.

External appointments: None

Previous experience: Prior to Go-Ahead, Nick worked as Group Finance Manager at Hanson plc where he was responsible for investor relations and had also been Head of Tax and Treasury and Group Financial Controller. He joined Hanson plc in 2000 following its acquisition of Pioneer International where he held a number of senior corporate and operational finance roles including European Finance Director. He has prior experience of the transport industry having been Group Financial Reporting Manager at Air New Zealand which he joined from Touche Ross. He is a Chartered Accountant.

4. Andrew Allner

Non-Executive Director

Term of office: Andrew Allner joined the Board in October 2008. He will be standing for election for the first time following his appointment at the AGM in October 2009.

Independent: Yes.

Committee membership: Chairman of the Audit Committee. Member of the Remuneration and Nomination Committees.

External appointments: Non-Executive Director at CSR plc (Chairman of the Audit Committee and member of the Nomination and Remuneration Committees); Non-Executive Director at Marshalls plc (Chairman of the Remuneration Committee and member of the Audit and Nomination Committees); Non-Executive Director at Northgate plc (Chairman of the Audit Committee and member of the Nomination and Remuneration Committees).

Previous experience: Andrew is a chartered accountant and a former partner at Price Waterhouse. He was Group Finance Director of RHM plc between 2004 and 2007, and Chief Executive of Enodis plc prior to this. He was also a Non-Executive Director of Moss Bros Group plc and Chairman of their Audit Committee until 2005.

5. Rupert Pennant-Rea

Non-Executive Director/Senior Independent Director

Term of office: Rupert Pennant-Rea joined the Board in October 2002 and was appointed Senior Independent Director in October 2008. He was last re-elected by shareholders at the 2006 AGM and will stand for re-election at the AGM in October 2009.

Independent: Yes.

Committee membership: Member of the Audit, Remuneration and Nomination Committees.

External appointments: Non-Executive Chairman of PGI Group Ltd, Acuity VCT plc, Acuity VCT 2 plc and Henderson Group plc, as well as Chairman of Henderson Group plc Nomination Committee. Non-Executive Director of Times Newspaper Holdings Ltd, The Economist Newspaper Limited, Defaqto Group Ltd, Specialist Waste Recycling Ltd, Gold Fields Ltd and First Quantum Minerals Ltd.

Previous experience: Rupert was Deputy Governor of the Bank of England from 1993 to 1995, prior to which he was Editor of The Economist. He has held a variety of Non-Executive Directorships over the last 15 years.

6. Carolyn Sephton

Group Company Secretary

Term of office: Carolyn Sephton was appointed as Group Company Secretary in July 2006.

Committee membership: Secretary to the Audit, Remuneration and Nomination Committees.

External appointments: None.

Previous experience: Carolyn joined Go-Ahead in 2001 and is a Chartered Secretary. Prior to her appointment as Group Company Secretary she was Assistant Company Secretary for the Group with responsibility for non-rail pensions and a wide range of company secretariat functions including share schemes, legislative compliance, corporate governance and codes of conduct specific to the Group’s business activities. Prior to working for Go-Ahead, Carolyn spent twelve years working for Northern Electric, predominantly in the field of pensions.