Gimv attracts additional investors contributing EUR 60 million to the Gimv-XL fund Gimv attracts additional investors contributing EUR 60 million to the Gimv-XL fund Gimv attracts additional investors contributing EUR 60 million to the Gimv-XL fund

Gimv attracts additional investors contributing EUR 60 million to the Gimv-XL fund

Dexia Bank NV, ING Belgium NV and Ethias NV will join the Gimv-XL fund as partners and will invest a total amount of EUR 60 million. Gimv-XL started business in January with EUR 500 million. Of this Gimv contributed EUR 250 million as initiator and sponsor and VPM the other EUR 250 million as co-sponsor. In addition, talks are being held with several other investors in view of the fund’s second closing after the summer.

The Gimv-XL fund focuses on growth companies with an enterprise value of EUR 75 to 750 million. These companies have healthy business activities and the potential to grow from the Flemish into the international market.

The fund is looking to invest in 10 to 15 companies in various sectors in the period 2009-2013. The investment per company can amount to as much as EUR 100 million, in the form of both equity and hybrid equity. The fund applies a long-term vision to its investments. Gimv-XL, for which the status of private privak will be requested, has a life span of maximum 14 years as from the first closing. With the investments in Electrawinds and Vandemoortele Group the fund has in the meantime made its first two investments for an amount totalling EUR 100 million.

CEO Koen Dejonckheere on this second closing: “This second closing is an important step towards the further expansion of the Gimv-XL fund. We are pleased that renowned institutional investors like Dexia, ING and Ethias recognise the fund’s uniqueness and with this investment show Gimv that it is worthy of their trust.”

This press release is strictly informative. This release may not be considered an explicit or implicit offer or invitation to invest in the Gimv-XL fund or any other securities in the Netherlands, Belgium, France, and Switzerland, the United Kingdom, the United States, Japan or any other jurisdiction.