2. Mergers Alliance International Corporate Finance Network

3. Contents The Mergers Alliance Mission Introduction Mergers Alliance – global members Strong track record of growth Recent successes Services Industry focus groups Why Mergers Alliance? Contact details

4. The Mergers Alliance Mission “Our mission is to enhance our clients’ shareholder value by originating and executing cross-border deals”

5. Introduction A dynamic international group of highly successful independent corporate finance firms Focused on middle-market M&A Always acting through highly experienced professionals / owners –Over 140 transaction professionals located in 20 offices –Operating around industry focus groups Relationship based network –Constant social and work interaction –In depth knowledge of working together across member firms Comprehensive coverage of all major economies Many success stories - Consistently growing transaction value culminating in 2005 with member firms completing over 50 transactions with a combined value of +$2bn

6. Mergers Alliance – global members Aurea Billow Butler & Co (Chicago) Brocair (New York) BlueMind Bridge Capital C.H. Reynolds Catalyst Daruma Experia IPOPEMA Marceau Norgestion Sinergia IFN Capital Partners

7. A strong track record of growth

9. Recent Successes Lead advisor on the sale of Sold to Real Networks Inc, USA BlueMind Corporate Finance was the lead advisor in the sale of Zylom to RealNetworks, bolstering its position in the online gaming market with the €17.7m acquisition of its Netherlands-based rival. Lead advisor on the sale of Sold to PerkinElmer Inc, USA C.H. Reynolds CF was the lead advisor in the sale of Elcos AG,a leading manufacturer of custom LED solution, to PerkinElmer Inc., a global leader in health sciences, for an undisclosed amount. Lead advisor on the purchase of Acquired by Cie Automotive, Spain Norgestion was the lead advisor in the acquisition of Brazil based Sada Forjas, an automotive parts manufacturer, by Cie Automotive in Spain. Transaction value: €43m. Lead advisor on the purchase of Acquired by Cie Automotive, Spain Norgestion was the lead advisor in the acquisition of Mexican based firm, DESC Automotriz, by Cie Automotive in Spain. Transaction value: €80m Lead advisor on the sale of Sold to Viisage Technology Inc, USA C.H. Reynolds CF was the lead advisor in the sale of ZN Vision Technologies to Viisage Technology Inc a leading US based provider of advanced technology identity solutions. Lead advisor on the sale of Sold to Stericycle Inc, USA Catalyst Corporate Finance was the lead advisor in the sale of White Rose Environmental Ltd to Stericycle, Inc., the USA‘s leading provider of medical waste management. Transaction value: €50m

10. Marketing Collateral Information taken from Thompson Financial Tables for the first half of 2006

11. Services Mergers Alliance members offer the following array of services: –Mergers & Acquisitions –MBO's/MBI's –Disposals –Exit reviews –Strategic advice –Financial restructuring

12. Industry focus groups Industry focus groups formed to develop: –Deep sector knowledge –Extensive sector contacts –Marketing collateral –Marketing literature –Targeting activities Regular Mergers Alliance Sector Team meetings (MAST) Sector teams include: –Food & drink –Automotive –Manufacturing & engineering –Healthcare –IT & Telco –Construction / building products –Leisure & hotels –Private equity

13. Why Mergers Alliance? All our members are independent firms with an in-depth knowledge of their respective territories and a long track record in cross border deals, offering high quality, practical advice every time Each firm has a highly developed contact network. These contacts are brought to bear for the benefit of our clients, in sourcing business opportunities and providing local knowledge.

14. Why Mergers Alliance? Our members know their local financial markets and the funding providers within their regions. Due to the depth of relationships within the network we are able to offer a rapid response to our clients needs. By maintaining a stringent list of criteria for membership, we can ensure that we are able to offer our clients the depth of relationship and personal attention that they require.

15. Contact Details Stas Michael Mergers Alliance Business Manager Hudson House 8 Tavistock Street London WC2E 7PP Direct Line: +44 (0) 20 7559 6651 Mobile: +44 (0) 7866 030 464 Email: stasmichael@mergers-alliance.comstasmichael@mergers-alliance.com