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Investment Portfolio
Emerging Europe Growth Fund (EEGF)

Ergopack



Ergopack
Ergopack is a fast growing market leader in the expanding market of household disposable goods in Ukraine. The company commands an approximate 25% market share in the household sponge, trash bag and cellophane wrap product categories. EEGF's expansion capital will be utilized to increase production capacity and to build a new production and polyethylene recycling facility.
www.ergopack.com.ua

FinComBank



Ergopack
FinComBank was established in 1993 and is one of the most dynamic banks in the Moldovan banking system. The Bank has demonstrated impressive growth over the last several years, exceeding industry efficiency metrics. The Bank has an attractive corporate client base, a good market position in high growth segments, particularly in SME lending, debit/credit cards and money transfers. Today, the Bank provides services to over 70,000 clients through 14 branches and 21 representative offices. Today FinComBank is the eighth largest Moldovan bank by assets. EEGF has committed $5 million to purchase a 15.6% stake in FinComBank from WNISEF, subject to approval of the National Bank of Moldova.
www.fincombank.md

Platinum Bank



Platinum Bank
Platinum Bank (formerly IMBG) offers a unique consumer banking structure for Ukraine. It is the leading pure-play consumer lending platform, offering its customers point of sale (POS) consumer loans, personal cash loans, cash cards, bank accounts and deposit services. Platinum’s strategy is to deliver above-average asset growth rates by concentrating on the fastest growing industry segments. Platinum Bank's major debt providers are global International Financial Institutions, such as OPIC (Overseas Private Investment Corporation), FMO (Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V.), IFC (International Finance Corporation), and EBRD (European Bank of Reconstruction and Development).

In June 2006, Platinum Bank raised over $31 million in equity via private placement, and in June 2007 completed a $100 million equity financing round from a group of financial investors including Warburg Pincus, East Capital Explorer Financial Institutions Fund and others.

Platinum Bank has built a highly professional and effective international management team that is one the strongest banking teams in Ukraine.

www.platinumbank.com.ua

Kerameya



Kerameya
Kerameya is a ceramic brick plant the construction of which was completed at the end of 2007. It is the first Ukrainian manufacturer specializing in the production of clinker façade bricks with a total capacity of 30 million bricks per year. The production will be launched in the first quarter of 2008.

MTB



MTV
MTB was founded in 1994. Today it is a well-positioned and dynamic universal bank providing a full range of services to corporate and private clients. The Bank services non-state-owned small and medium-sized businesses and individuals with above average and high income. MTB has five branches, three of which are in Minsk, and 15 point of sales located both in Minsk and in other cities of Belarus. MTB's aggressive growth in lending (during 2003-2006 the Bank's loan portfolio grew at 34% CAGR) was accompanied by a rapid increase of customer deposits and current accounts (during 2003-2006 the Bank's total deposit portfolio grew at 55% CAGR).
www.mtb.by
* This material does not constitute an offer to sell or a solicitation of an offer to buy an interest in the fund. This material is not, and under no circumstances is it to be construed as, a prospectus or advertisement.