Mid Europa Fund IV

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The Bank is considering an investment in Mid Europa Fund IV L.P. (the “Fund”), a private equity investment fund targeting EUR 1,000 million in commitments. The Fund will seek to achieve long-term capital growth by making equity investments in companies with typical enterprise values of EUR 100 million to EUR 500 million. The Fund will focus primarily on companies that are operating in domestic-focused growth industries across CEE, Turkey and the Western Balkans (the “Region”). The Fund Manager is expected to achieve strong transition impact through: (i) Supporting the growth of its mid-market investee companies, both organically and through consolidation; (ii) Transfer of knowledge and skills to management of investee companies; (iii) Mobilising international institutional capital for deployment across the Region, including in the lesser served markets of the Western Balkans. Mid Europa Fund IV L.P. is a Limited Partnership incorporated in Guernsey. The Fund will be managed by Mid Europa IV GP L.P. (the “General Partner”), a Guernsey Limited Partnership. The General Partner will retain Mid Europa Partners LLP, an English limited liability partnership, as its Investment Advisor. The EBRD is considering an equity investment of up to EUR 80 million. The Fund is targeting commitments of EUR 1,000 million, and has a maximum size of EUR 1,250 million. Categorised FI. The Fund will be required to comply with EBRD Performance Requirements 2 (Labour and Working Conditions) and 9 (Financial Intermediaries) and implement the EBRD's Environmental and Social Procedures for Active Equity Investments. The Fund should ensure investee companies comply with national environmental, OHS, social and labour standards. The Fund will be required submit annual environmental and social reports to the Bank. None. Thierry Baudon, Managing Partner 61 Brompton Road London SW3 1EX Phone: +44 (0) 20 7886 3600