Accession Mezzanine Capital IV

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EBRD is considering an equity investment of EUR 40 million in Accession Mezzanine Capital IV (the "Fund"). The Fund has a target size of EUR 250 million and is a follow-on fund to Accession Mezzanine Capital I, II & III. EBRD has been an investor in all three previous funds. The Fund will seek to generate long-term capital appreciation by investing mezzanine and equity capital in SMEs and mid-market companies, primarily in Central and Eastern Europe. The Fund may also make selective investments in Turkey and Greece. The proposed project will expand the mezzanine fund market with a sustainable team of investment professionals with experience and long-term market practice. It will continue the development of the mezzanine and structured finance products; and will contribute to the availability of long-term financing for SMEs and mid-market companies by mobilising additional capital for its investment region. MEZZANINE MANAGEMENT EUR 40,000,000.00 EUR 250,000,000.00 Categorised as a Financial Institution: The Fund will be required to comply with the EBRD's Performance Requirement 2 (Labour and Working conditions), Performance Requirement 4 (Health and Safety) and Performance Requirement 9 (Financial Intermediaries). The Fund will also be required to adopt and implement the Bank's Environmental & Social Risk Management Procedures for Active Equity Investments, adhere to the EBRD's Environmental and Social Exclusion list, and submit Annual Environmental and Social reports to the Bank. None. Christian Stix, Director, Head of Investor Relations stix@mezzmanagement.com +43 1 532 89 90 19 +43 1 532 89 90 20 www.mezzmanagement.com Mezzanine Management GmbH Kohlmarkt 5/6 A-1010 Vienna; Austria