Investcorp Bank B.S.C. announcement of intention to list ordinary shares in the form of Global Depositary Receipts on the London Stock Exchange

Notes and media contacts

Investcorp

• Investcorp is the leading provider of alternative investment products for ultra high net worth individuals and institutions principally in the Gulf region (Kingdom of Bahrain, Kuwait, Oman, Qatar, Kingdom of Saudi Arabia, and the United Arab Emirates).

• The Gulf region is one of the fastest growing wealth markets in the world, with a rapidly increasing interest in alternative investments.

• Investcorp was founded in 1982, and has a 24 year track record of consistent service and performance. The company has grown to be one of the largest and most diverse alternative investment managers in terms of both product offerings and geography.

• Alternative investment management services are offered in four product lines: private equity, hedge funds, real estate and venture capital. Our performance ranks in the top quartile for each product. The ability to provide multiple product offerings to our clients is one of our key competitive strengths.

• We plan to launch a fifth product line, Gulf Growth Capital (targeted at investment in the GCC region) in the fiscal year 2007.

• We also plan to expand our existing product lines in the fiscal year 2007 by launching a private equity fund targeted at North American and European institutional investors, and a real estate fund dedicated to mezzanine investments.

• As at 30 June 2006 Investcorp had $9.8b in assets under management (AuM), of which $3.1 billion were co-investments from Investcorp's own balance sheet and the rest was client or affiliate AuM managed in a fiduciary capacity.

• For the year ended 30 June 2006, revenues were $560.1m and net income was $130.8m, increases of 22% and 24% respectively over the previous fiscal year.

• The success of the business is underpinned by our unique placement capability in the Gulf region, where we have focused on providing a high level of personal service to our investor base of ultra high net worth individuals and institutions.

• Investcorp's strategy is to maintain and build on our strong performance in high margin alternative investments by capitalising on the strength of our brand in the Gulf region, growing our client base both in the Gulf region and internationally, expanding our product offering, maintaining the co-investment approach of our business model and continuing to attract and retain high quality team members to ensure our product lines continue to deliver top-quartile performance.

Media contacts

Fishburn Hedges (for Investcorp)
Morgan Bone/Andrew Marshall
+ 44 20 7544 3000

Investcorp
Deborah Botwood Smith
+ 44 20 7629 6600

Credit Suisse
Paul Raphael
Charles Murphy
+44 207 888 8888