1. VentureSource Europe - 1Q 2013

2. VentureSource The following report presents Dow Jones VentureSource’s quarterly findings for European venture capital fundraising, investment, and liquidity. The included charts and graphs offer a comprehensive view of the trends currently affecting the venture capital market. Highlights for 1Q 2013 include: European venture capital fundraising declined from 4Q 2012 and 1Q 2012 in both the number of funds closed and capital raised; Venture capital investment into European companies experienced a quarter-over-quarter increase; A single venture-backed initial public offering (IPO) was completed during the quarter, the lowest figure since 1Q 2010. Merger and acquisition (M&A) deal activity also fell from the previous quarter. To view Dow Jones VentureSource’s U.S. data for 1Q 2013, please click here.here 2

3. VentureSource European VC Fundraising (2011 – 2013) Based on multiple closings European venture capital fundraising declines in 1Q 2013 13 European venture capital funds accumulated €756 million in 1Q 2013, dipping 13% in the number of funds and 5% in amount raised from the prior quarter. In contrast with 1Q 2012, the number of funds fell by the same proportion, however, the amount raised fell slightly more (8%). The largest fund of the quarter was Accel Partners’ London IV fund, which raised €365 million, accounting for 48% of the total amount raised for 1Q 2013. FUNDRAISING 3

4. VentureSource Largest European VC Funds Raised in 1Q 2013 Firm NameFund Name Amount (€M) Closed in 1Q Location Offering Status Fund TypeFund CategoryClosing Type Accel PartnersAccel London IV€364.85 Palo Alto, CA U.S. Closed Multi-stage venture capital Venture Capital Final Prime Ventures NV Prime Technology Ventures Fund IV €100.00 Amsterdam, Netherlands Open Multi-stage venture capital Venture Capital First Atlantic Capital Partners GmbH ACP II€60.00 Munich, Germany Closed Early-stage venture capital Venture CapitalFinal Arthurian Life SciencesWelsh Life Sciences Fund€57.94Cardiff, U.K. Open Multi-stage venture capital Venture CapitalFirst Point Nine Management GmbH Point Nine Capital II€40.00 Berlin, Germany Closed Early-stage venture capital Venture Capital Final FUNDRAISING 4

5. VentureSource FINANCING Equity Financings into Europe – based, VC-backed Companies (2011 – 2013) Venture capital investment into European companies experiences a quarter-over-quarter increase European companies raised €1.1 billion in 283 venture capital deals, a 1% rise in the number of deals completed and a 2% rise in capital raised from the previous quarter. In contrast with 1Q ‘12, deal flow experienced a 9% decline, while investment saw an increase of 9%. The business and financial services, IT, and consumer services sectors all saw increases in venture capital investment from the previous quarter. Conversely, healthcare and energy and utility companies experienced declines in capital garnered. 5

6. VentureSource Equity Financings into Europe-based, VC-backed Companies, by Round Class (2011 – 2013) Number of Deals FINANCING 6

7. VentureSource FINANCING 7 Equity Financings into Europe-based, VC-backed Companies, by Round Class (2011 – 2013) Amount Raised (€M)

8. VentureSource FINANCING Equity Financings into Europe-based, VC-backed Companies, Median Equity Deal Size (€M) (2011 – 2013) 8

9. VentureSource Equity Financings into Europe-based, VC-backed Companies, by Industry Group (1Q 2013) The consumer services sector received the largest allocation of investment in 1Q’13 (31%), accumulating €352 million through 61 deals, a rise of 7% from 4Q’12 in capital raised but a drop of 22% in the number of deals. IT overtook healthcare to take second position in terms of investment allocation, taking a 27% share of all venture investment. The sector raised €302 million across 92 deals, up 48% and 6% respectively from the previous quarter. The healthcare sector saw its share of investment fall from 30% in 4Q’12 to 22% in 1Q’13. Companies completed 53 deals for a total of €242 million, up 15% in deal flow but a drop of 26% in capital raised from the previous quarter. Energy and utility companies failed to attract the levels of investment accrued in 4Q’12, even though deal activity remained flat. €35 million of investment was raised during the quarter, down 44% and 37% from 4Q’12 and 1Q’12 respectively. 1Q'13 Industry Breakdown By Number of Deals 1Q’13 Industry Breakdown By Amount Raised FINANCING 9

10. VentureSource Co. NameLocation Industry Group Industry Segment Industry CodeBrief DescriptionClose Date Round Type Raised (€M) Round Investors (* denotes lead) Truphone Ltd.U.K. Information Technology Communications and Networking Wired Communications Equipment Provider of Internet telephony solutions. 2/1/20133rd€86.91Minden*, Vollin Holdings INTO University Partnerships Ltd. U.K. Consumer Services Media and Content Educational/Training Media and Services Provider of education services that aim to help universities achieve their strategic goals and improve their competitive positioning globally. 1/15/2013Later€78.53Leeds Equity Partners* GenSight Biologics SA France Healthcare Biopharmaceuticals Biotechnology Therapeutics Developer of ophthalmic therapeutics using gene therapy. 3/31/2013First Round€32.00 Abingworth Management Inc.*, Index Ventures*, Novartis Venture Fund*, Versant Venture Management LLC* SuperSonic Imagine SA FranceHealthcare Medical Devices and Equipment Diagnostic Imaging Equipment Provider of ultrasound medical imaging systems for measuring and visualizing tissue elasticity. 3/31/20135th€28.00 Alto Invest, Auriga Partners SA, Bioam Gestion, Edmond de Rothschild Investment Partners, Fonds Strategique d'Investissement, InnoBio, iXO Private Equity SAS, Merieux Developpement, National Technology Enterprise Co., NBGI Ventures, Omnes Capital, Wellington Partners Hailo Network Ltd. U.K. Information Technology Software Business Applications Software Provider of a mobile network for taxi cab drivers and passengers. 2/5/20133rd€22.43 Accel Partners, Atomico, Felicis Ventures, Global Brain Corp., Individual Investors, Phenomen Ventures, Red Swan Ventures LLC, Union Square Ventures*, Wellington Partners Top 5 Deals into European VC-backed Companies (1Q 2013) FINANCING 10

11. VentureSource Most Active Investors for Europe-based, VC-backed Companies by Deals Completed (1Q 2013) FINANCING 11

12. VentureSource Amount Raised in 1Q 2013 by Country (Top 4) Number of Deals in 1Q' 2013 by Country (Top 4) FINANCING 12 Equity Financings into Europe-based, VC-backed Companies, by Country (1Q 2013) The U.K. retained its position as the favoured destination for equity financing in Europe, raising €377 million across 67 deals, a 34% share of all investment into European VC-backed companies. France placed second, raising €237 million through 63 deals, an increase of 4% and 43% on respective 4Q’12 figures. The allocation represents a 21% share of all European investment. Finland placed third raising €134 million, a 12% share of European investment and the country’s highest quarterly figure since the third quarter of 2008. Germany secured fourth position raising €113 million, a 10% share of Europe-wide investment. The figure represents a substantial drop from the €249 million raised during 4Q’12, a 23% share of investment into European VC-backed companies during that quarter.

13. VentureSource LIQUIDITY Exit Opportunities for European VC – backed Companies (2011 – 2013) Venture M&A and IPO Market Activity in Europe Fails to Improve during 1Q 2013 M&As of venture-backed companies in Europe declined by 19% from 4Q ‘12 with 29 deals completed. The largest M&A of the quarter was Trivago GmbH, which was acquired by Expedia Inc. (Nasdaq:EXPE) for €477 million. A single venture-backed initial public offering (IPO) was completed during the quarter, the lowest figure since the first quarter of 2010. 13

14. VentureSource Top 3 M&As in Europe (1Q 2013) Company Name LocationBrief Description Industry Code Industry Segment Industry Group Close Date Round Type Amount Paid (€M) Acquirer Trivago GmbH Düsseldorf, Germany Operator of a user- driven travel website in Europe, providing travel information, package deals, and tips for travel planning. Online Communities Consumer Information Services Consumer Services 3/12/2013 Acquisition €477.00Expedia Inc. Uteron Pharma SA Grace- Hollogne, Belgium Provider of female healthcare products related to contraception and fertility, menopause, and osteoporosis. PharmaceuticalsBiopharmaceuticalsHealthcare1/23/2013Acquisition€229.59 Watson Pharmaceuticals Arieso Ltd. Newbury, U.K. Provider of location aware solutions for mobile network operators. Communications Software Software Information Technology 3/8/2013 Acquisition €65.29JDS Uniphase LIQUIDITY 14

15. VentureSource European VC-backed IPO Activity (2011 - 2013) European VC-backed IPOs (2011-2013) Danish liquid cooling solutions provider Asetek Inc. was the only venture-backed company in Europe to complete an IPO during 1Q’13 with its €19 million Oslo Børs listing in March. LIQUIDITY 15

16. VentureSource ABOUT US Dow Jones VentureSourceDow Jones VentureSource helps venture capitalists, corporate development executives, investment bankers and service providers find deal and partnership opportunities, perform comprehensive due diligence and examine trends in venture capital investment, fund-raising and liquidity. It provides accurate, comprehensive data on venture-backed companies – including their investors and executives – in every region, industry and stage of development throughout the world. The investment figures included in this release are based on aggregate findings of Dow Jones' proprietary research and are contained in VentureSource. This data was collected through surveys of professional firms, interviews with company executives, and from secondary sources. These venture capital statistics cover equity investments into early stage, innovative companies and do not include companies receiving funding solely from corporate, individual, and/or government investors. Figures contained throughout the report current at time of editorial but are subject to change without notice. No statement herein is to be construed as a recommendation to buy or sell securities or to provide investment advice. About Dow Jones Dow Jones & Company Dow Jones & Company is a global provider of news and business information, delivering content to consumers and organizations via newspapers, Web sites, apps, video, newsletters, magazines, proprietary databases, conferences, and radio. Dow Jones has produced unrivalled quality content for over 100 years and today has one of the world’s largest news-gathering operations with 2,000 journalists in more than 50 countries, including The Wall Street Journal, America’s largest newspaper by total average circulation. Other premier brands include Barron’s, MarketWatch, Factiva, Dow Jones Risk & Compliance, Dow Jones VentureSource, and All Things Digital. Its information services publish in 11 languages and distribute content in 28 languages, combining technology with news and data to support business decision making. The company pioneered the first successful paid online news site and its industry leading innovation enables it to serve customers wherever they may be, via the Web, mobile devices, Internet-connected televisions, and tablets. MEDIA CONTACT: Kate Dobbin 44 (0)20 7573 4016 Kate.Dobbin@dowjones.com 16