Ambrecht

Kenneth C. Ambrecht

Director

Kenneth C. Ambrecht was elected to AFG’s Board of Directors at the 2005 annual meeting of shareholders. He is a member of the Compensation Committee and Corporate Governance Committee.

Mr. Ambrecht has extensive corporate finance experience having worked in the U.S. capital markets for over 30 years. In 2005, Mr. Ambrecht resigned his position with the investment banking firm, First Albany Corporation, and organized KCA Associates LLC. KCA Associates serves as a consultant to several companies, advising them with respect to financial transactions. He served as a Managing Director with First Albany from July 2004 to December 2005. For more than five years prior, Mr. Ambrecht was a Managing Director with Royal Bank Canada Capital Markets. Prior to that post, Mr. Ambrecht worked with the investment bank Lehman Brothers as Managing Director of its capital markets division. Mr. Ambrecht is also a member of the Boards of Directors of Fortescue Metals Group Limited, an Australian mining company and Spectrum Brands, Inc., a global consumer products company.