Polish Enterprise Fund 2017

signed

EBRD has made an equity commitment of EUR 25 million to Polish Enterprise Fund VIII (the "Fund"). The Fund will make equity and quasi-equity investments primarily in medium-sized companies in the countries of Central and Southeast Europe, with a primary focus on Poland. The Fund will provide: (i) a vehicle for investors to access the private equity asset class in the region; and (ii) equity and quasi-equity capital, directly and indirectly, to companies in the region. The transition impact of the Fund will primarily be generated by contributing to increasing the availability of private equity financing in the region which can help promote private and entrepreneurial initiatives. In doing so, the project is expected to increase the overall competitiveness of portfolio companies, develop alternative funding sources and strengthen the resilience of the financial sectors in the region. POLISH ENTERPRISE FUND VIII LP Polish Enterprise Fund VIII LP is registered as an exempt limited partnership and is managed by Enterprise Investors Corporation, an independent private equity manager. EUR 25,000,000.00 An equity commitment of EUR 25 million. EUR 497,550,000.00 Categorised FI (2014 ESP). The Fund Manager, Enterprise Investors, is well known to the Bank and has been satisfactorily applying the EBRD's E&S requirements under existing fund exposures and submitted annual E&S reporting to the Bank. The sectoral breakdown of the investment portfolio is deemed to be inherently low-medium E&S risk. For this transaction the Fund will be required to continue to compy with EBRD's Performance Requirements 2,4 and 9, apply the EBRD's Environmental and Social Procedures for Active Equity Funds and submit Annual Envirnmental and Social Reports to the Bank. None. Dariusz Pietrzak, Investor Relations Dariusz.Pietrzak@ei.com.pl +48 22 458 85 00 +48 22 458 85 55 https://www.ei.com.pl/en/ Emilii Plater 53, 31 pietro 00-113 Warszawa, Poland