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Solid Capital ICT Fund III

After the technology hype A new investment cycle Opportunity for Emerging Managers!. Solid Capital Partners B.V. Solid Capital ICT Fund III A € 75M Later Stage Venture Fund focused on established Benelux ICT companies Paris, France May 2005 www.solidcapital.com.

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Solid Capital ICT Fund III

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  1. After the technology hype A new investment cycle Opportunity for Emerging Managers! Solid Capital Partners B.V. Solid Capital ICT Fund III A € 75M Later Stage Venture Fund focused on established Benelux ICT companies Paris, France May 2005 www.solidcapital.com

  2. Background emerging managerSolid Capital Partners • Friendly spin-off from Fortis’ semi-captive NeSBIC TechnologyVentures • Technology Team has successfully raised 2 Venture Capital Funds: • 1998 NeSBIC CTE Fund I: € 50M.: Pan-European ICT Focus • 2000 NeSBIC CTe Fund II: € 260M.*: Global ICT Focus • *restructured to €140M. In 2002 • 2005 Solid Capital ICT Fund III: € 75M.: Benelux ICT Focus • Fundraising now! • 38 technology investments made: • 2 realized IPO’s 1999/2000: Versatel (Euronext/NASDAQ) & LetsBuyIt (Neuer Markt) • 2 IPO’ s in preparation (2005): Scarlet & Oxxio (both Euronext) • 6 realized trade sales: ITMasters, DataCenterTechnologies, Escador, PCC, Comsys, Wannago • Managing 10 active portfolio companies Solid Capital ICT Fund III managed by Solid Capital Partners BV

  3. An European ‘emerging manager’ is growing up!! Key lessons learnt in a down cycle of Europeantechnology venture capital: • Timing of investment and exit windows are crucial! • 6 months prior and 3 months after investment are critical! • Milestone based and cash flow driven staging of the investment! • No more small minority stakes with no influence / control • No more large boards with too many VC’s……… • No more ‘we will fix that after we’ve invested……’ • Quality and character of key management needs to be checkedover and over again and changes need to be made immediately!! • Invest only close to home, i.e. The Benelux! Solid Capital ICT Fund III managed by Solid Capital Partners BV

  4. Advantages of a ‘grown up emerging spin-off manager’ in a targeted market • Solid Team working together on average for 8 yrs.+ • Solid Team experienced jointly full up- and down- technology cycles making investments and realizing exits mostly as lead investor • Solid Team members have strong established networks in their home markets Netherlands and Belgium • Virtually no competition left from other technology VC’s in anunderserved Benelux technology market with good quality deal flow! • Solid Team members still present each have strong personal investment track records • Technology home run deals are possible in the Benelux: Versatel MOI 9X; oxxio MOI* 10-12X; Scarlet MOI* 8-10X (*expected) • In LP terms: Team and Target Market Risks are Limited! Solid Capital ICT Fund III managed by Solid Capital Partners BV

  5. Wouldn’t you want to invest in a grown up emerging manager in a new market cycle with virtually no competition? www.solidcapital.com Solid Capital ICT Fund III managed by Solid Capital Partners BV

  6. Robert Wilhelm Managing Partner @ Solid Capital Partners BV Contact us: www.solidcapital.com www.solidcapital.com Savannahweg 17 P.O. Box 8530 3503 RM Utrecht The Netherlands rwilhelm @solidcapital.com Tel.: +31.30.248.10.30 Fax.:+31.30.248.10.31 Solid Capital ICT Fund III managed by Solid Capital Partners BV

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