1. 1 EIF Riga, 17 June 2010 Presentation to the Monitoring Committee

2. 2 Overview Current Status Progress Forecasts

3. 3 Current status SME Community Holding Fund (EUR 91.5m) Imprimatur EUR 14.7m Seed & Start up Fund Funded Risk Sharing Product SEB EUR 30m Baltcap EUR 20m Risk Capital Fund Debt-related instrument Equity-related instruments Swedbank EUR 22m SMEs Financially Engineered Instrument Selected Financial Intermediaries End Beneficiaries Signature Status = > March 26th March 26th June 11th January 22nd

4. 4 Progress by stage TYPESELECTION CONTRACT NEGOTIATION FUND RAISINGSIGNATURESMEs FRSPSEB - completed CompletedGivenCompletedFinancing available FRSPSwedbank – completed CompletedGivenCompletedFinancing available Risk Capital Fund Baltcap – completed Completed Financing available Seed & Start up Fund Imprimatur – completed Completed1st closing completed CompletedFinancing available

5. 5 Progress by amounts (as of June 11th, 2010)

6. 6 Background explanations The forecasts are based on contractual targets set for equity funds (Baltcap and Imprimatur) and current assesment of expected demand for banks (SEB and Swedbank) Forecasts are at SME level, namely cumulative amounts committed or disbursed to SMEs by financial intermediaries Forecasts show amount of public funds committed or disbursed to SMEs via financial intermediaries aggregate (public+private) amount of funds committed or disbursed to SMEs via financial intermediaries

7. 7 Aggregate forecast for equity transactions, mEUR

8. 8 Aggregate forecast for FRS transactions, mEUR

9. 9 Aggregate forecast for all transactions, mEUR

10. 10 Summary All transactions signed and live, financing through all instruments available to SMEs More than EUR 120m expected to be disbursed to SMEs by end of 2012

11. Support slide - Risk Capital Fund JHF EUR 20 m allocated Private Investment EUR 10 m Risk Capital Fund (Limited partnership) SME 11 - Upside Incentivisation - No Downside protection - Professional Management Focus on high growth sectors

12. Support slide - Seed & Start-up Fund JHF EUR 3m allocated Private Investment EUR 5.7 m Risk Capital Fund (Limited partnership) SME 12 - Upside Incentivisation - No Downside protection - Single Professional Management University Spin out focus 40-50 projects EUR 11.7m allocated Seed Fund (Limited Partnership) Innovative Technologies focus 14-16 SMEs

13. Support slide - Funded Risk Sharing Product (FRSP) JHF EUR 52 m allocated JEREMIE Resources EUR 52 m 1. Deposit to Bank(s) Combined with Bank’s own resources EUR 52 + 52 = 104 m SME 2. Loans to SMEs Deposit acts as 50% co-financing 13 70% focus on Manufacturing sector

14. 14 Contact details European Investment Fund in Luxembourg 96, Blvd Konrad Adenauer, L-2968 Graham Cope, g.cope@eif.org Tel: + 352 42 66 88 236 Martins Jansons, m.jansons@eif.org Tel + 352 42 66 88 381 European Investment Fund in Latvia Valdemara Centre, Kr. Valdemara 21, 6 th Floor, LV-1010 Krisjanis Zarins, k.zarins@eif.org Tel: + 371 670 352 31