Dubai International Capital honoured by Dubai Corporate Counsel Group

Notes and media contacts

About Dubai International Capital LLC:

Established in 2004, DIC is an international investment company with offices in Dubai and London focused on both private equity and public equity. 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. Assets under management total over $13bn. DIC focuses on three asset classes:

1. DIC Private Equity: invests mainly in secondary buyouts in developed markets where it backs strong existing management teams over a medium to long time horizon. DIC PE has acquired businesses in a range of sectors in Europe and North America including:

- UK leisure company Tussauds Group for £800m (later merged with Merlin Entertainment Group to create the world's second largest visitor attractions; DIC retains a 20% stake)
- UK engineering company Doncasters for £700m
- US engineering company FastenTech for $492m (later merged Doncasters with Fastentech creating world leader in turbine manufacture)
- UK hotel chain Travelodge for £675m
- German industrial packaging manufacturer Mauser for €850m
- UK healthcare company Alliance Medical for £600m
- German producer of specialty alumina Almatis for $1.2bn

2. DIC Global Equities: makes structured investments in large-cap, Fortune 500 global equities, that are forecast to deliver above average returns over the long term, either directly or via DIC's $1.4bn Global Strategic Equities Fund (GSEF).

3. DIC Emerging Markets: invests in a range of asset classes in emerging markets.

- Equity investments: include significant stakes in the UAE-based luxury retailer Rivoli Group and Singapore-based True Group, a leading provider of wellness services in South East Asia, KEF Holdings a UAE based manufacturer of steel castings and valves, in addition to a $200m investment in Oger Telecom, a leading regional telecom conglomerate.

- Sector / country-specific investment funds: DIC has established several such as Ishraq, a $150m investment company bringing the Holiday Inn Express brand to the Middle East; the $500m MENA Infrastructure Fund, which invests in infrastructure projects in the Middle East and North Africa, and Jordan Dubai Capital, a $300m investment company that targets private equity opportunities in Jordan and most recently China Dubai Capital, a $1bn fund that will target opportunities in China's growing economy.

DIC was named MENA Private Equity Firm of the Year in the 6th annual Awards for Excellence in Private Equity Europe 2008, organised by Dow Jones Private Equity News.

About Dubai Corporate Counsel Group ("DCCG"):

Founded in June 2007, the Dubai Corporate Counsel Group ("DCCG") is the first group in-house counsel in the Middle East. Led by its 12-member Steering Committee, the DCCG has quickly established itself as a leading regional legal organisation. The DCCG has more than 75 members and has established valuable partnerships with leading international and national law firms, executive search firms and publishers. The DCCG was created by in-house counsel themselves coming together to promote the in-house practice of law in the Gulf. The DCCG is a critical part of the explosive growth of the legal sector in this exciting, dynamic and fast-developing region.

For further information please contact:

Mark Lunn
Dubai International Capital LLC
Tel: +9714 362 1888

Jehad Saleh
Dubai International Capital LLC
Tel: +9714 362 1888

Indukesh Babu
Media Relations Executive
JiWin Public Relations
Dir: +971 4 375 5244
Fax: +971 4 368 8001