Dubai International Capital's Global Strategic Equities Fund (GSEF) appoints advisory board

Notes and media contacts

About the advisory board members:

Nobuyuki Idei is Chairman of the Advisory Board of Sony Corporation, one of the world's largest consumer electronics and media conglomerates with 2006 revenues of ¥8,295.7 billion and approximately 163,000 employees. Mr Idei was previously Chairman and Group CEO of Sony until he stepped down in mid-2005. He has spent his entire career with Sony in both Europe and Japan. Mr Idei is also CEO of Quantum Leaps Corporation, a Tokyo-based advisory boutique that he founded in 2006. He serves as a non-executive director on the boards of Accenture and Baidu.com, Inc., and as Chairman of the Board of Trustees of Waseda University.

Helmut Panke was Chief Executive and Chairman of the Management Board of BMW AG until 2006. He spent nearly 25 years at BMW, rising through the ranks of the German automaker which today has a market value of $40 billion, sales of $67 billion, and 106,000 employees. He began his business career as a consultant at McKinsey & Company. Mr Panke currently serves as an independent director on the boards of Microsoft Corp., UBS AG, and Bayer AG.

Jean-Pierre Garnier is Chief Executive Officer of GlaxoSmithKline (GSK) and will retire from this position at the end of May 2008. GSK is the second largest pharmaceutical company in the world with a market value in excess of $160 billion, 2006 sales of $46 billion, and 102,000 employees. Mr Garnier became CEO of GSK at the end of 2000, following the merger of SmithKline Beecham and Glaxo Wellcome. He was previously Chief Executive Officer of SmithKline Beecham, which he joined in 1990 as President of its pharmaceutical business. He began his career at Schering-Plough. Mr Garnier serves as an independent director on the board of United Technologies Corporation.

About Dubai International Capital LLC:

Established in 2004, DIC is a Dubai-based international investment company. It is a wholly owned subsidiary of Dubai Holding. DIC manages an international portfolio of diverse assets that provide its stakeholders with value growth, diversification, and strategic investments and relationships.

DIC's investments have included: £800 million acquisition of The Tussauds Group (UK), one of the largest operators of visitor attractions in Europe and its subsequent partnership with Merlin Entertainments Group "Merlin" which positioned the combined Group as the world's second biggest visitor attractions operator after Disney. DIC retained a 20% stake in the combined company.

DIC's investments also included the £675 million acquisition of Travelodge (UK), Britain's fastest growing budget hotel company, US$ 1 billion stake in DaimlerChrysler, one of the world's leading carmakers; £700 million acquisition of Doncasters Group (UK), an industrial manufacturing firm that produces precision engineering components across various industrial sectors; and €850 million acquisition of Mauser AG, a world market leader in industrial packaging with approximately 3,700 employees operating in more than 50 locations across Europe, North America, Latin America and Asia.

Most recently, DIC has acquired a 9.9% outstanding equity stake in Och-Ziff, a leading institutional alternative asset management firm and one of the largest alternative asset managers in the world in parallel with its initial public offering. DIC acquired Almatis, the global leader in the research, development and production of specialty alumina materials used in various industrial manufacturing processes. DIC also recently acquired for £600 million Alliance Medical, the leading provider of diagnostic imaging services to the European healthcare sector. DIC's public equities investments include a 2.87% stake in ICICI, Bank Limited ('ICICI'), the leading Indian financial services firm.

DIC is also a substantial investor in the Middle East and North Africa (MENA) region. Investments include a significant stake in the Rivoli Group, one of the Gulf Co-operation Council's (GCC) leading luxury retailers with over 215 outlets; Ishraq, a US$150 million investment company that was formed to bring the Holiday Inn Express brand of hotels to the GCC except Saudi Arabia; and the MENA Infrastructure Fund, a US$500 million fund targeting investment opportunities in infrastructure projects in the MENA region. In 2005, DIC launched Jordan Dubai Capital, a US$300 million investment company that targets private equity opportunities in the Jordanian economy. DIC is also a founding shareholder of Dubai Aerospace Enterprise, a company building a global aerospace corporation that encompasses aircraft leasing, manufacturing, services, airports and education. In addition, DIC has a joint venture with CBRE that provides real estate asset management services in Dubai and the broader Middle East region.

Information about Dubai International Capital LLC is available at: www.dubaiic.com.

About Global Strategic Equities Fund (GSEF):

Dubai International Capital invests in publicly listed equities through its US$2 billion Global Strategic Equities Fund ('GSEF'), one which aims to make structured investments in global Fortune 500 companies and seeks to become a leading shareholder in pre-eminent large global capitalisation stocks. GSEF's investments to date include substantial stakes in Sony and HSBC, in addition to a 3.12% stake in EADS, the parent company of Airbus.

GSEF is a US Dollar denominated private fund established in the Dubai International Financial Centre (DIFC) as a limited partnership, and NewDawn Global Strategic Equities Asset Management Limited, the General Partner for GSEF, is a DIFC incorporated and Dubai Financial Services Authority regulated entity.

For enquiries, please contact:

Dubai International Capital LLC

Jehad Saleh
or
Maliha Aqeel
JiWin Public Relations
Exclusive Affiliate of Burson-Marsteller in the Middle East
Tel: +971 4 361 3598