Ven Grow Corporate Finance AG Switzerland Funds investing

Ven. Grow Corporate Finance AG Switzerland Funds investing in small- and medium sized enterprises (SME’s) and their impacts on economic growth Presentation for the Qatari Businessman Association November 2007 Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 1

Ven. Grow Corporate Finance AG, Switzerland Introduction to our business strategy Dear Entrepreneurs and Investors, Ven. Grow is committed to sustainable investment in and business development for small & medium sized enterprises (SME) in Europe and in the Gulf. We don’t consider the concept of “quick money”. The fact that yield and sustainability are not contradictory shows the performance of investments, which we converted for customers. And our presence with staff in all the regions we operate. We realize international SME investment funds and expansion projects with renowned business partners in London, Hamburg, the Gulf and Switzerland. We are pleased to work for you hard and systematically so that you can achieve your goals! Sincerely yours, Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 2 Andreas Bünter, Founder & CEO

Portrait Andreas Buenter Founder & CEO Ven. Grow Andreas Buenter is the founder and managing partner of Ven. Grow Corporate Finance Ltd. He has build Ven. Grow’s team focused on private equity investment and corporate finance solutions for small and medium size enterprises (SMEs). He operates from Ven. Grow’s offices in Pfaeffikon, Switzerland (nearby Zurich), Hamburg, Germany and Dubai, UAE. Andreas held a variety of professional and management positions in banking since 1982 (trading, financial analysis, fund management, product development and sales management). Ven. Grow Corporate Finance AG Bahnhofstrasse 13 CH 8808 Pf$ffikon SZ Switzerland Entrepreneurial experience began in 1991 with the founding of a financial analysis and Tel: +41 58 206 08 50 Fax: +41 58 206 08 99 Email andreas. buenter@vengrow. com customers and was responsible for more than 6, 000 research reports. After selling his investment counseling company. He built a broad base of several thousand regular company in 2000, he structured and supported M&A-activities of a Swiss-exchange listed Ven. Grow subsidiaries: Hamburg, Dubai (from 2007) Affiliated companies: Nobella AG, Hamm (Germany) Ven. Grow Private Equity Geschäftsführungs Gmb. H Ven. Grow, Dubai investment group. He was chief operating officer for a structured equity products team and director of sales management with UBS Wealth Management Switzerland. Andreas started his career with business vocational training in the banking sector and holds a degree as a business economist and Swiss certified financial analyst/asset manager as well as the international CIIA (Certified International Investment Analyst). Andreas has generated top-tier returns on private equity investments. Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 3

Introduction Themes and Highlights 1. Why invest in funds focusing on small to medium 2. sized enterprises (SME‘s): a) to support economic growth b) to diversify economic power in the long term c) to make money with a new class of investments 2. Where to access investments / which structures / the most attractive markets (early-in – highest profit) 3. How to profit as a local investor (capital gains, benefits for the local economy) Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 4

World’s richest countries and how they create wealth Highest GNP per capita (Sources: World Bank Development July 06 and own estimate for 07 in USD) 1. Luxembourg 2. Norway 3. Qatar 4. Switzerland 5. United States … 8. Japan … 11. United Kingdom Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 5

Switzerland – the 4 th richest country in the world: SME’s are the foundation of economic prosperity Exports of goods and services are main drivers of economic growth and prosperity: From total demand of CHF 705 bn (Swiss GDP) exports account for CHF 255 bn (36%) 40% of total Swiss exports are driven by MEM industries (MEM = Mechanical, electrical engineering, machinery) equals to 69, 841 mn CHF exports in 2006 (+13. 9% yoy) Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 6

Switzerland’s industrial base: SME’s dominate local economy Company size structure in the Swiss MEM industries 4, 340 318, 490 (Companies) (Employment) Large-sized (250+ employees) 4. 8% 35. 7% Medium-sized (50 -249) 22. 3% 39. 1% Small-sized (10 -49) 72. 9% 25. 2% (MEM = Mechanical, electrical engineering, machinery) Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 7

Switzerland’s technology and power driven by R&D and expansion abroad R&D expenditure: The MEM industries accounted for 32% of all Switzerland’s expenditure on R&D (2004) Total investments: CHF 3, 016 mn Swiss industry’s headcount abroad: MEM industries account for 35. 5% of all industrial personnel employment abroad (385, 894 jobs) Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 8

How a small country has done it: World leading positions in various industries Market position: Switzerland has leading positions in specific products Rank 10 overall machinery exports (worldwide) Rank 3 Paper processing machines Rank 4 Textile machinery Rank 5 Printing machinery, scales Rank 6 Machine tools, packaging machinery Rank 7 Turbines, precision tools, food processing Rank 10 Compressors, vacuum, plastics machinery and many others (energy distribution, etc. ) Rank 1 Wealth Management / Financial Services Rank 1 Watches Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 9

Swiss precision, tradition and experience: The Bridge-Builder for Emerging Markets With its state-of-the-art technologies, Swiss industry and financial services can act as a bridgebuilder for many emerging markets worldwide. Switzerland is the 4 th richest country of the world – without having any natural resources. The Gulf region should and can use the know-how and experience as a ‘role-model’ to position itself in the ‘non-commodities’ world. Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 10

What’s the opportunity for G. C. C. based investors and local economies? How can G. C. C investors participate in SME’s in Europe / Switzerland - to make money as an investor (IRR 25 -35%) - to bring know-how and technology to the region? - to grow local economies How can investors from the Gulf pass the following hurdles? - a private market (family-owned businesses) - some legal hurdles (i. e. tax deals, real estate) - some cultural challenges (i. e. languages, networks) Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 11

Solutions for G. C. C. based investors Solutions to the challenges are: + local experts with value enhancement skills + local sourcing of deal flow / access to control-stakes + development and execution of expansion into Gulf together with experienced export-related enterprises + local networks to support attractive trade sales + financial structuring and implementation know-how Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 12

What’s the best market investors should access today? Business succession situations (Mid-Market Buyouts) ~ 20% of all business owners older than 61 years ~ 10% of all business owners older than 70 years ~ 50% of all business owners sell their enterprise to third party due to lack of family succession ~ 500 deals annually in Switzerland with SME’s ~ 4, 000 deals annually in Germany, etc. assuming only 10 mn CHF value per deal = 5 bn CHF deal value annually in Switzerland alone Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 13

What can the investments offer? Know-how, technology, cash flows, capital gains 1. Strong operational Cash Flows / Low leverage 2. Strong market position / technology 3. Established management with significant experience 4. Significant potential for higher operational margins 5. Sales expansion potential (i. e. G. C. C. ) 6. Valuation massively below exchange-listed companies 7. Attractive exit situation within 5 -8 years (trade sale) with expected IRR of 25 to 35% p. a. Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 14

What should the fund manager offer to you? 1. Local access to business owners / same language / business understanding / track record 2. Active development of enterprises 3. Risk & controlling locally and daily 4. Local representation in the Gulf to support expansion (cultural management, guide, projectleader) 5. Knows potential strategic buyer (for trade sale later) 6. Access to local banking system for leverage Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 15

Ways to access investments Costs to access investments 1. Single target funds with focused investments in ~5 to 10 enterprises (depending on volume) 2. Multi-manager funds with specialised teams (regional or sector focus) 3. Offshore structures / Onshore Swiss holding companies / European mutual funds 4. Closed-end or open-end structures 5. No liquidity until duration / Liquidity through listing 6. Management fee 1, 5– 2, 0%, accrued interest 20% with hurdle rate (10%) and high-watermark Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 16

What does Ven. Grow offer to local investors? 1. Single target funds with focused investments in 2. up to 10 enterprises 2. Multi-manager funds with specialised teams (industrial / financial services) 3. Offshore structures / Onshore Swiss Holding European style mutual funds / closed or open-end 4. Sharia compliant investing Buy-and-Hold or Trade-Sale strategy 5. Fund-raising and co-investment support with European and regional investors (UAE) 6. Local support from Ven. Grow (Dubai, a. o. ) long term Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 17

What does Ven. Grow offer to local investors? Access local markets of SME business successions Pool the investments in funds / structures as needed Enhance value (operational and financial performance) Expand into strong emerging markets (i. e. GCC) Buy-and-Hold or Trade-Sale to strategic investors / IPO = Create value for investors, local economies Sharia compliant investment strategy Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 18

Ven. Grow: Current investment opportunities with local expansion potential • Construction & Building / Water – Lighting technologies – Security and safety – Gardening – Sewage – Seawater desalination – Staff housing / Worker apartments • Transportation – Clean diesel motors • Technology – Rugged computers, Hardware assembly • Energy production and distribution – Delivery systems (flexible pipelines) Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 19

Ven. Grow’s business plan in the Gulf region Execution phase 2007: Set-up of Ven. Grow subsidiary in Dubai Review of market opportunities in Private Equity and Real Estate 2008: Launch of SME Fund Offering with locals Set-up LLC in Ras el Khaimah (RAK) Launch Real Estate Fund Offering with locals (RAK – Worker and staff housing, land development, leisure) Expand regional scope if and when demand is there for SME-drive (i. e. Qatar) Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 20

Contact Info Headquarter: Ven. Grow Corporate Finance AG Bahnhofstrasse 13 CH 8808 Pfäffikon (SZ) Tel. +41 58 206 08 50 Fax +41 58 206 08 99 e-Mail: office@vengrow. com Internet: www. vengrow. com Subsidiaries: Hamburg, Dubai (end 2007), Ras el Khaimah (2008) CEO: Mr. Andreas Buenter, Founder and CEO Ven. Grow Corporate Finance AG, Switzerland www. vengrow. com 21