SEAF Overview January 2013

SEAF Overview Overview Key Highlights SEAF is global fund management group that was founded in 1989 SEAF invests growth capital in small and medium-sized enterprises (SMEs) in emerging and frontier markets, seeking both financial and developmental returns SEAF provides value-added technical assistance to improve company performance 24 active funds spanning 18 countries Key Highlights Assets Under Management (AUM) SINCE INCEPTION Number of Funds/Facilities 32 Committed Capital $652M Invested Capital $443M Number of Investments 368 Number of Realizations 202 Data as of 6/30/12;

SEAF: Global Investment Footprint SEAF has managed funds and provided support to entrepreneurs in 26 countries through its network of ~150 employees and 24 offices ` SEAF HQ

Representative Investors

1. Investment Capital EQUITY MEZZANINE TERM- CREDIT

2. Business Assistance for Investee Companies MARKETING & STRATEGY Develop marketing plans Support marketing teams SEAF works with its investee companies to provide a full array of support: GLOBAL NETWORKING Introduce global business networks Support export and import strategies OPERATIONS ASSISTANCE Cooperatively identify areas for improvement Facilitate visits by outside experts Identify new sources of financing Leverage relationships with local banks Provide negotiation and contracting support ADDITIONAL FINANCING Business planning and budgeting Accounting and management information systems Facilitating hiring and training of CFO FINANCIAL CONTROL Design effective incentive structures Support Board of Directors oversight Develop and facilitate legal structures CORPORATE GOVERNANCE

Portfolio Industry Breakdown Largest Industries: Agribusiness, Services Sample Portfolio Companies Gomex Industry: Retail Trade Location: Zrenjanin, Serbia Description: Gomex used SEAF’s funding to expand the neighborhood supermarket chain. D. Comm Industry: Information Technology Location: Tbilisi, Georgia Description: D. Comm used SEAF’s funding to construct an underground fiber cable network that will expand reliable internet access. Sunshine Exports Industry: Organic Agriculture Location: Tambogrande, Peru Description: Sunshine Exports markets and exports mangos and pineapples to the US. SEAF’s funding helped the company expand internationally.

Developmental Impact Data SEAF strives to achieve a balance between Financial Returns and Development Impact. Every $1 invested in the SMEs profiled generated on average an additional $13 in the local economy. 83% Economic Rate of Return on investments (includes return to all stakeholders). The economic impacts of SME investment are spread among various groups of stakeholders in the respective local economies (see chart below). As part of case studies, using a cash flow model, to which social impacts are added to financial cash flows, SEAF calculated the Net Benefit/Cost Ratio (net financial and social returns / amount invested) at a zero percent discount rate. Social cash flows are estimated based on company/employee interviews and other research.

Development Impact by Stakeholder Highlights from 2011 Development Impact Report Employees 25% average annual growth in direct employment. 79% of new jobs go to semi- and unskilled workers. 20% average annual employee wage growth. 87% of employees received health & pension benefits. 81% of the SMEs provided training to their employees. 70% of companies have women employees in senior management positions. Government 33% average annual growth in taxes paid to the government. Suppliers On average, each company works with 150 local suppliers with 74% of revenues flowing to local suppliers ($3 M a year) Community 5% of annual revenues contributed to charities and community projects NHBM, China (Industrial Machinery) Matras, Poland (Bookseller)

Bulevar zorana djindjica 67, suite 2 SEAF Contact SEAF Bulevar zorana djindjica 67, suite 2 11000 belgrade Republic of serbia Tel: 011.212.9524