icapital_portfolio

PRIVATE EQUITY PORTFOLIO COMPANIES

MIP is a software development house that provides mission critical administration based systems to the financial services industry, with a specific focus on the medical aid administration industry. MIP is also a major shareholder in Auto-Mate, Africa's leading supplier of dealer management systems to the automotive dealership market. The i capital Growth Fund I is represented on the MIP board by Rowan Williams. www.mip.co.za

Summit Finance is a financial services company providing debt and other products to individuals unable to secure credit from commercial banks. Summit provides these services through contractual agreements with employers who provide these individuals with collateral in the form of a salary deduction. The i capital Growth Fund I is represented on the Summit board by David Smollan. www.summitfin.co.za

Marketel is specialized telecommunications company providing a range of value added integrated voice and data services to local fixed and mobile telephony markets. It is considered to be a leader in the mobile information services sector. The i capital Growth Fund I is represented on the Marketel board by David Smollan. www.marketel.co.za

Trispen Technologies develops and manufactures products that enable the networked economy. Its IP-Granite range of Virtual Private Networking software and hardware solutions allows corporations to use public networks such as the Internet securely by encrypting traffic flowing across the network. The i capital Growth Fund I is represented on the Trispen Technologies board by Rowan Williams. www.trispen.com

SDT Financial Software Solutions (Pty) Ltd is a software company providing specialized administration systems to the financial services industry and is the leader in the provision of administration systems to the mid-tier life assurance sector in Southern Africa. The i capital Growth Fund I is represented on the SDT board by David Smollan. www.sdt.co.za

Ké Concepts (Pty) Ltd specializes in the design, development and implementation of contract and debtor management software solutions for the financial services sector. Ké Concepts has grown rapidly to become a leading supplier of credit instalment software solutions to the micro-lending, asset based finance and office automation markets in South Africa. The i capital Growth Fund I is represented on the Ké Concepts board by Rowan Williams. www.ke.co.za

InfoWave is a South African software development company offering world-class solutions using leading Oracle and Java technology. InfoWave specialises in the implementation and support of its Tranquillity applications, specifically in the Sugar industry throughout Africa. InfoWave also undertakes bespoke software developments in any industry sector. www.infowave.co.za

Spotlight Interactive is the leading software supplier of financial planning software to financial advisers in South Africa. www.spotlight.co.za

Knowledge Marketing Group is a joint venture company providing professional services to the South African business sector.

Silverbridge Holdings September 2005: Advised, structured and financed the acquisition of a majority interest in Synergy Holdings, subsequently renamed SilverBridge Holdings, a company listed on the JSE

	PRIVATE EQUITY PORTFOLIO COMPANIES MIP is a software development house that provides mission critical administration based systems to the financial services industry, with a specific focus on the medical aid administration industry. MIP is also a major shareholder in Auto-Mate, Africa's leading supplier of dealer management systems to the automotive dealership market. The i capital Growth Fund I is represented on the MIP board by Rowan Williams. www.mip.co.za Summit Finance is a financial services company providing debt and other products to individuals unable to secure credit from commercial banks. Summit provides these services through contractual agreements with employers who provide these individuals with collateral in the form of a salary deduction. The i capital Growth Fund I is represented on the Summit board by David Smollan. www.summitfin.co.za Marketel is specialized telecommunications company providing a range of value added integrated voice and data services to local fixed and mobile telephony markets. It is considered to be a leader in the mobile information services sector. The i capital Growth Fund I is represented on the Marketel board by David Smollan. www.marketel.co.za Trispen Technologies develops and manufactures products that enable the networked economy. Its IP-Granite range of Virtual Private Networking software and hardware solutions allows corporations to use public networks such as the Internet securely by encrypting traffic flowing across the network. The i capital Growth Fund I is represented on the Trispen Technologies board by Rowan Williams. www.trispen.com SDT Financial Software Solutions (Pty) Ltd is a software company providing specialized administration systems to the financial services industry and is the leader in the provision of administration systems to the mid-tier life assurance sector in Southern Africa. The i capital Growth Fund I is represented on the SDT board by David Smollan. www.sdt.co.za Ké Concepts (Pty) Ltd specializes in the design, development and implementation of contract and debtor management software solutions for the financial services sector. Ké Concepts has grown rapidly to become a leading supplier of credit instalment software solutions to the micro-lending, asset based finance and office automation markets in South Africa. The i capital Growth Fund I is represented on the Ké Concepts board by Rowan Williams. www.ke.co.za InfoWave is a South African software development company offering world-class solutions using leading Oracle and Java technology. InfoWave specialises in the implementation and support of its Tranquillity applications, specifically in the Sugar industry throughout Africa. InfoWave also undertakes bespoke software developments in any industry sector. www.infowave.co.za Spotlight Interactive is the leading software supplier of financial planning software to financial advisers in South Africa. www.spotlight.co.za Knowledge Marketing Group is a joint venture company providing professional services to the South African business sector. Silverbridge Holdings September 2005: Advised, structured and financed the acquisition of a majority interest in Synergy Holdings, subsequently renamed SilverBridge Holdings, a company listed on the JSE