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ECM, page-13

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    At least, directors are the major shareholders of ERJ. They are in the same boat with us, therefore they are more likely to maximise the interest of shareholders

    At 31 Dec 2015, shares owned by directors

    Rod Phillips 4,215,000 (0.72 %)

    John Dekker 50,186,013 (8.6 %)

    Peter Avery 105,652,093 (18 %)

    Total 27.3 %

    Total shares outstanding is 585,836,523
 
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