January 25 th, 2010

Caixa Capital is the Private Equity/Venture Capital industry leader and part of Portugal’s largest financial group. State owned Portugal’s largest financial group (Banking & Insurance)‏ Long-term debt risk rating of AA- by Fitch, Aa2 by Moody’s and A+ by S&P Investment banking arm Ranked “Best Investment Bank in Portugal” by Euromoney (2007 and 2008)‏ The CGD Group’s Private Equity/Venture Capital (PE/VC) arm Industry leader with Assets under Management of € 515 million and 36 portfolio companies Source: 2007 CMVM (Portuguese Securities and Exchange Commission) Report (latest available as of September 2009)‏ Market Position

Providing necessary capital and financing to support strategic initiatives aimed at creating competitive advantages in participated companies. Core Business2009Future Caixa Desenvolvimento Generalist SPV Net assets: € 29 million CGD Group Fund Generalist Fund Net assets: € 340 million Renewable Energies Fund Renewable Energies Fund Net assets: €53 million Caixa Empreender+ VC Fund Innovation and Entrepreneurship Net assets: € 25 million Caixa Mezzanine PE Fund SMEs Net assets: € 100 million Fund of PE/VC Funds Golden Assets Clean Tech … Private Equity Venture CapitalMezzanineNew Initiatives Sponsor entrepreneurship, M&A, growth and internationalisation Expanding offering and presence in complementary business segments Target of € 1 billion Assets under Management in the medium term Corporate Strategy Promotion of competitive advantages Corporate Strategy

Executive Board Board of DirectorsInvestment Committee Deal TeamsPortfolio Team Alcides Aguiar (Chairman)‏ Vasco d’Orey + Members of the Executive Board Faria de Oliveira (CGD Chairman)‏ Francisco Bandeira (CGD V. Pres.)‏ Jorge Tomé (CGD Board Member)‏ + Members of the Board of Directors Alfredo Antas Teles (CEO)‏ José Manuel Carrilho José Furtado Carlos Cruz Hugo Silva Support Services Governance structure consists of 3 levels with clearly defined responsibilities for each functional area. Walter Palma Pedro Rangel Private Equity Venture CapitalMezzanine Governance Structure

Fund Portfolio CGD (100%)‏ CaixaBI (91%)‏ FEI CG En.Renov. (9%)‏CGD (100%)‏ Fund Participants Up to 20%Up to 30%Up to 25% Equity Component CGD Group Fund Renewable Energy Fund Caixa Empreender+ VC Fund Caixa Mezzanine PE Fund Focus All sectors Expansion and business development Renewable energy producers Early stage investments Medium-sized enterprizes Growth Launch Date March 2009June 2009 Capital 340 M€50M€25M€100 M€ Avg. Investment Amount > 10M€> 5M€50k€ - 1M€3M€ - 5M€ Avg. Holding Period years4- 8 years3 – 5 years5 – 7 years

The Caixa Empreender+ VC Fund is dedicated towards financing emerging and recently created businesses (early stage investments), with a particular emphasis on knowledge-based and applied technology companies. Capital Term Fund Participants Investment Policy € 25 million 10 years Currently 100% held by Caixa Geral Depósitos, but with the possibility of being opened up to other investors Investment Amount : 20k€ - 1M€ Holding Period : 3-5 years Equity Component : up to 30% Investment Selection Criteria: Portuguese origin Global reach Satisfaction of a clear market need in an original and innovative manner Motivated and competent management team Fund Overview

OriginationInvestment Monitoring Exit Caixa Empreender+ Challenge Business Angel Side- car Corporate Venturing Partnering Specialized Funds Individual investments Investment syndicates Investments in specialized funds “Coaching & Control”: Management reporting systems Interim executives / Controller Partnerships w/ BA’s Specialized Funds Trade Sale / M&A IPO MBO Liquidation Activities

Seed Start-up Follow-on Early Stage Investment Phases Caixa Empreender+ Challenge Corporate Venturing Partners Specialized Funds Business Angels Side-Car Origination Sources Deal Flow

Public Agencies (ex. INPI, AdI, IAPMEI)‏ Technology Tranfer Accelerators (ex. Cotec)‏ Business Angel Networks (FNABA, APBA)‏ Universities Other VC Operators Corporate Venturing Units (ex. Critical Software)‏ Strategic Partnerships

The Caixa Empreender+ Challenge Objectives Promote the regular flow of investment opportunities in an efficient and effective manner; Stimulate the entrepreneurial spirit of young entrepreneurs and qualified managers, through the provision of start-up and development capital at reasonable terms; Strengthen the CGD Group’s institutional presence within innovation and entrepreneurship community.

The Caixa Empreender+ Challenge GO NO GO 10 days + 20 days+ 90 – 120 days Opportunity Screening and Investment Process Proposal Gathering Opportunity Screening Due Diligence and Deal Structuring Gathering of project summary proposals from CE+ mini-site Pre-screening by Caixa Capital’s analyst team Reply letter to promotor(s) communicating CxCap’s decision Presentation of detailed business plan Due diligence MOU Submission of investment proposal INVESTMENT DECISION

13 Total =100 projects (2009)‏ Current Status

Current Status

15 Current Status

Current Status