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Tuesday, November 10 - 2009

QNB, Oxford Capital Partners and Ansbacher create Qatar Capital Partners

Qatar National Bank (QNB), Oxford Capital Partners and Ansbacher have joined forces to create Qatar Capital Partners, a venture capital business focused on developing technology within Qatar.

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  • Ali Shareef Al Emadi, Acting Chief Executive of Qatar National Bank.
    Ali Shareef Al Emadi, Acting Chief Executive of Qatar National Bank.
The consortium draws on the core expertise of each of the participants and has successfully bid to act as fund manager for two Qatar Science & Technology Park (QSTP) venture capital funds.

The joint venture will manage the QSTP New Enterprise Fund and the QSTP Technology Venture Fund. These funds will invest in science and technology companies based within QSTP with the potential for significant growth. The New Enterprise Fund moves technology from the lab bench to the marketplace by supplying the seed and early stage founding capital for new businesses. The Technology Venture Fund invests in growth-stage technology companies, helping them to scale-up production and expand their technology pipeline.

Both funds are pivotal in establishing Qatar as a Gulf centre for start ups in a range of fields including technology, gas and petrochemicals, healthcare, environmental engineering and new industrial processes. They mark the beginning of Qatar Capital Partners' commitment to this area.

Qatar Capital Partners was authorised by the Qatar Financial Centre Regulatory Authority to establish operations in the Qatar Financial Centre on March 29, 2007.

Ali Shareef Al Emadi, Acting Chief Executive of Qatar National Bank, comments:

"Science and technology play an important role in the growth of Qatar's economy and QNB is delighted to continue to play a part in this development through Qatar Capital Partners. We are pleased to be able to contribute our significant financial expertise and specialist knowledge of the region to both the Qatar Science & Technology Park's venture funds and future investment opportunities."


QNB already has significant fund raising skills in the Middle East and our understanding of Qatari culture and business practices will be invaluable in the joint venture. With the expertise of the three Qatar Capital Partners shareholders behind them, we are confident that investments in these businesses will provide strong returns to investors," Mr. Al Emadi concluded.

Edward Mott, Founder and chairman of Oxford Capital Partners, added "Oxford Capital Partners has extensive international experience of identifying and investing in new science and technology companies and views the current opportunity in Qatar as significant. All the shareholders of Qatar Capital Partners share the long term vision of the Qatar government and are committed to supporting investment in education, science and applied research in the growing knowledge economy. We are confident that Qatar Capital Partners can generate strong returns for the New Enterprise Fund and Technology Venture Fund whilst providing support and guidance for investee companies as they develop."

Hugh Titcomb, Group Chief Executive of Ansbacher continues "We are delighted to be working with our parent company QNB and Oxford Capital Partners to create this joint venture which will open up Qatari technology investment to new investors. The Ansbacher group brings considerable investment expertise, experience with the Qatar Financial Centre regulators and fund raising skills to the venture."
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Notes and media contacts

For more information please see www.qatarcapitalpartners.com

Qatar National Bank (QNB)

Qatar National Bank (QNB) was established in 1964 as the country's first Qatari-owned commercial bank, with an ownership structure split between the Government of Qatar (50%) and the private sector (50%).

QNB has steadily grown to be among the largest banks in the region and is by far the leading financial institution in the country with a market share approaching 45% of banking sector assets. QNB has the largest distribution network of 38 branches and offices, in addition to 7 Islamic branches, and around 120 ATM's.

QNB international presence is rapidly expanding with new locations Oman, Kuwait and Yemen, supplementing existing branches in London and Paris as well as Representative Offices in Iran, Singapore and Libya. The London-based Ansbacher, QNB's Wealth Management and Private Banking subsidiary, operates in Switzerland, Channel Islands, the Bahamas, Dubai International Financial Center and Qatar Financial Center. Ansbacher, was the first financial institution to be granted a license to operate at Qatar Financial Centre providing a wide range of wealth management services in Qatar and the region.

QNB offers a full range of retail, corporate, investment, treasury, wealth management, and Islamic banking products and services for individuals, corporate institutions and government entities. QNB is constantly striving to provide intelligent banking solutions and its range of products and services, and delivery channels across all disciplines continues to be unrivalled.

Through its affiliate, QNB Al Islami, QNB was the first commercial bank in Qatar to offer Islamic Banking products and services, and the first Qatari bank to launch equity funds (Al Watani Funds) for companies listed in the Doha Securities Market.

QNB has the highest credit rating among Qatari banks from leading rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence. The Bank has also been the recipient of the "Best Bank in Qatar" Award from leading international specialized financial publications.

QNB has an active community support program and sponsors various social, educational, and sports events.

For further information, please contact QNB's Public Relations Department at (974) 4407828 - 4407109 QNB's website: www.qnb.com.qa

Oxford Capital Partners
Oxford Capital Partners is a science and technology venture capital firm with extensive experience in investing in and supporting businesses with high growth potential. Oxford Capital Partners looks for the best opportunities, backing exceptional entrepreneurs and investing across all stages of development, from start-up to IPO. Leveraging its extensive networks, Oxford Capital Partners assists portfolio companies in accessing international markets in Europe, the US, Middle East and Asia. Oxford Capital Partners is the manager of four Oxford Gateway Funds and oversees a portfolio of over 25 companies in a range of technology sectors, including ICT, clean technologies, life and physical sciences. Oxford Capital Partners was named Venture Capital House of the Year in 2005.

Ansbacher
The Ansbacher Group, which is a wholly owned subsidiary of Qatar National Bank (QNB), provides tailored financial solutions to high net worth and institutional clients worldwide. The Group's services span private and specialist banking, wealth management, investment advice and fiduciary services. The Group is represented in the United Kingdom, the Channel Islands, The Bahamas, Dubai, Doha and Switzerland.

For further information, please contact:
Andy Smith - Associate Director
Lansons Communications
24a St John Street
London EC1M 4AY
United Kingdom
Tel: +44 (0) 20 7490 8828
Direct: +44 (0) 20 7294 3675
Fax: +44 (0) 20 7490 5460
www.lansons.com

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