Dubai International Capital announces finalisation of Doncasters acquisition

Notes and media contacts

For more information on Dubai International Capital, contact:

Hill & Knowlton
Don Meyer/Kelli Parsons
Tel: +01 202-944-5147

Dubai International Capital
Mashael Al Naimi
Tel: +971 (4) 3621886

HSBC
Charles Packshaw
Mario Fera
Eduard Van Wyck
Tel: +44 (0)20 7991 8888
Mukhtar Hussain
Tel: +971 (4) 507 7333

For more information on Doncasters, contact:

Doncasters
Eric Lewis
Tel: +44 (0)1332 864 900

College Hill
Nicholas Potter/Mark Garraway
Tel: +44 (0)20 7457 2020

Lazard & Co., Limited
William Rucker
Mian Zaheen
Giles Roshier
Richard Shaw
Tel: +44 (0)20 7187 2000

About Dubai International Capital

Established in 2004, Dubai International Capital is a private and independent investment company that primarily focuses on private equity.

It is a wholly owned subsidiary of Dubai Holding, a large and diversified group that operates in the fields of healthcare, technology, finance, real estate, research, education, tourism, energy, and communications.

Dubai International Capital manages an international portfolio of diverse assets that provide Dubai Holding and its stakeholders with

• Value growth
• Diversification
• Strategic investments and relationships

In its first year of operation, Dubai International Capital has made the following investments

• Committed over US$300 million to private equity funds
• US$1 billion investment in DaimlerChrysler, making it the company's third largest shareholder
• £800 million acquisition of The Tussauds Group in the UK, the largest operator of visitor attractions in Europe
• JD200 million (US$272m) investment company 'JD Capital' targeting opportunities in Jordan
• Anchor investor in Ishraq, a US$150 million company formed to develop and own up to 22 Express by Holiday Inn hotels in the Middle East.

About Doncasters

UK-based Doncasters was created in 2001 through the acquisition and subsequent integration of a number of leading international specialist engineering businesses involved in alloy production, centrifugal casting, precision forging, ring rolling, fabrication and precision machining for a range of industries. These businesses included Rolls-Royce's Ross & Catherall, Honeywell's Precision Casting Foundry and the operating units of Doncasters plc.

Doncasters has long standing and very close working relationships with all the leading global players in every area of its operations. Clients include Boeing, GE, Hamilton Sundstrand, Honeywell, MTU, Pratt & Whitney, Rolls-Royce and Snecma in aerospace and Ansaldo, Alstom, GE and Siemens in industrial gas turbine technology. In automotive, the company is a leading supplier of turbocharger components to BorgWarner, Holset, Honeywell and IHI. Medical orthopaedic customers include Aesculap, Biomet, Corin, DePuy, Finsbury, Smith & Nephew and Zimmer. In 2004, the group turnover totalled approximately US$850m.

The group operates from 25 sites across the UK, continental Europe and North America. Lean manufacturing and the use of Six Sigma principles are institutionalised in all of its facilities. The group currently employs over 4,700 staff worldwide.