Millennium Private Equity invests Dhs92m in Kuwait Energy

Notes and media contacts

About MFC:

Millennium Finance Corporation (MFC), a Dubai International Financial Centre (DIFC) based international investment bank, provides the full spectrum of investment banking, capital markets and private equity services, using an industry-focused, knowledge-driven approach. MFC combines local knowledge and expertise with global perspectives and access to capital markets around the world.

About MPE:

Millennium Private Equity (MPE), a Dubai International Financial Centre (DIFC) based global private equity firm, launched in early 2008 a family of private equity funds with the Global Energy and the Telecoms, Media & Technology funds as the two lead funds within its family of funds investing globally in private equity initiatives. In early 2008, MPE's first transaction was a $100m investment alongside global players such as Temasek and KKR into a $1.25bn private placement in the India-based telecom tower company called Infratel, a subsidiary of Bharti Airtel, the leading Indian mobile operator, via a fund solely seeded by the Dubai Government's investment arm, the Investment Corporation of Dubai.

About Kuwait Energy Company:

Established in Kuwait in August 2005, KEC is an independent Oil & Gas Exploration and Production company. KEC prides itself as an Oil & Gas company with extensive knowledge of the Middle East region with outstanding relations with host governments, national oil companies and international companies that operate in the Middle East. KEC's mission is to leverage its technical excellence, experience and business relationships to acquire, develop and manage oil and gas properties to generate superior returns for its shareholders.

For more information on this announcement, please contact:

Shirin Motamed / Selma Koehn
Sareem Consultancy
P.O. Box 58008
Dubai, UAE
Tel: +971 4 343 3688
Fax: +971 4 321 1988