PineBridge New Europe Partners II

signed

The proposed project is a regional private equity fund with a target size of up to EUR 500 million. The Fund will seek to invest directly in equity and equity related securities of companies operating in Central and South Eastern Europe. The transition impact of the proposed project would come from the following three areas: institution building and development of sustainable private equity managers in the region, restructuring of investee companies and accelerating the creation and development of industry leaders in the region, and demonstration effects of new ways to finance activities in less advanced transition countries. AIG New Europe Fund II, L.P. will be a Cayman Islands exempted limited partnership. Commitment to invest up to EUR 50 million. It is expected that the other investors may include a range of insurance companies, pension funds, banks including European and US institutional investors. The maximum size of the Fund is EUR 500 million. The Fund will be required to implement environmental procedures based on EBRD’s Environmental Procedures for Private Equity Funds which include the Bank’s Environmental Exclusion List. Investee companies will be required to comply, at a minimum, with national requirements for environment, health and safety local and EU environmental standards. An Annual Environmental Report will be prepared by the Fund and submitted to the Bank for approval. None. Rossen Hadijev, Director, Warsaw office AIG Capital Management, Stratos Office Center ul. Skorupki 5, Warsaw 00-546, Poland Tel : +48 22 583 7000; Fax +48 22 583 6940