1. BES - SEED CAPITAL RELIEF KEVIN KENNY Ernst & Young, Cork

2. THE ENTREPRENEUR €2,000,00O / €1,500,000 Expires 31 Dec 2013 Qualifying Activities  Manufacturing  Tourism  R + D  Software Development  International Traded Services  Advance Factory

3. THE INVESTOR €150,000 / €300,000 p.a. Unrestricted – Allowable Total Income Tax Reliefs Curtailed  Pension Contributions  Property Incentives Risk Environment  Portfolio Management  Exit 5 Years ? or  Pure Equity Play

4. THE ENTREPRENEUR Capital Raising  Direct, or  Via Fund Exit or no Exit  Structuring of Equity  Valuation Issues - Capping  Funding 5 Years

5. THE PRACTITIONER Manufacturing - Generic Definition Exit Put / Call Options - Market Value Test 30 % Connected Party Rule  Excludes Relatives Issue Shares - National Westminster Case 3 Year Trading Rule 4 Month Trading Rule Eligible Shares  New  No Preferential Rights /Flexibility

6. THE PRACTITIONER 1% Capital Duty Abolished Tourism Excludes Hotels, Guest Houses etc  Property 75% Maximum  Balance Sheet Valuation Advance Factory  Industrial Agency Certificate Software Development  Employment Grant