CapCorp Investments N.V. ("the Fund" or "CapCorp") is a Netherlands Antilles company that invests in US venture capital and private equity funds through a fund-of-funds strategy. This multi-manager strategy is employed to generate long-term capital gains for investors.

CapCorp 747 Management N.V. is Managing Director and Investment Advisor of the Fund. This firm is a Netherlands Antilles company and is related to 747 Capital LLC in New York, whose principals are Mr. Marc der Kinderen and Mr. Gijs van Thiel. 747 Capital LLC supports the Managing Director on its investment management, under a delegation agreement.

CapCorp is a fund designed to invest in a diversified portfolio of private equity. The investments of CapCorp are primarily in a number of different US private equity partnerships, including venture capital, buyout and mezzanine investment funds, which in turn invest in portfolio companies.

The investment objective is to achieve a significant return on investment. CapCorp is suitable for investors who understand and are willing to accept the risks of seeking long-term capital appreciation through participation in a professionally managed portfolio, which primarily includes non-publicly traded securities. The diversification of investments has been achieved by the selection of a limited number of direct investments and quality funds, which invest in a specific development stage of a company or partnership combined with a focus on carefully selected industries, such as technology, healthcare and manufacturing.

During the annual meeting of shareholders of 2001, it was agreed that the Fund would enter its harvesting phase in 2002. The Managing Director at that time, proposed to continue making investment commitments to private equity funds through 2002, in order to capitalize on the perceived attractive valuations in the US market. At the same time, a dividend distribution was agreed upon and it was proposed and accepted that CapCorp would focus on reducing expenses and making distributions to shareholders with the expectation that the Fund will be fully realized by the year 2010.

CapCorp has been granted a license by the Dutch Supervisory Authorities, Stichting Autoriteit Financiële Markten (“AFM”) under The Act on the Supervision of Collective Investment Schemes to market and to issue or sell shares in the capital of CapCorp in or from the Netherlands.  Apart from the supervision by the AFM in The Netherlands, CapCorp became also subject to supervision by the “Bank van de Nederlandse Antillen” (BNA) according to the National Ordinance on the Supervision of Investment Institutions, which was implemented on January 1, 2003

CapCorp 747 Management N.V.    
Pietermaai 15   
P.O. Box 4911 
Willemstad, Curaçao
The Netherlands Antilles

M.J.M. Der Kinderen
E. Rakers

tel.: (5999) 4618 866
fax: (5999) 4618 130