Equity Investment in AEP II

An equity investment in Asia Environmental Partners II, L.P. ('AEP II or the 'Fund ), a US$300 million regional fund focused on growth opportunities in renewable energy, waste management and recycling services, water management, energy efficiency, pollution control, and low-carbon consumer products in the PRC, India and Southeast Asia. The Fund is sponsored by Olympus Capital Asia ('Olympus ), an established regional private equity firm with a 17 year track record of sourcing, growing and exiting middle market companies in Asia. Olympus has invested more than $1.8 billion of equity capital on behalf of its funds and co-investors in over 40 portfolio companies throughout Asia, including the PRC, India, Japan, the Republic of Korea, and Southeast Asia, and is one of the few regional private equity fund managers to have delivered consistent profits across the key markets in which it invests, through multiple economic cycles. In addition, Olympus has one of the longest standing teams in Asian private equity, consisting of 33 investment professionals (including nine managing directors, each with an average tenure of 14 years with the firm) located in six offices (Hong Kong, Shanghai, New Delhi, Seoul, Singapore, and Tokyo). Recognizing the significant opportunity in the environmental and natural resources sector, Olympus made their first environmental investment in 2005 and launched Asia Environmental Partners ('AEP ) in 2008, which is one of the first funds in Asia dedicated to this space.