OVERVIEW. Windhoek, Namibia Private Equity Training Programme: November Overview. Day 1. Day 2. Speakers. to register click here

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OVERVIEW Windhoek, Namibia Private Equity Training Programme: 10 11 November 2015 : Tuesday, 10 November 2015 Introductory Training on Private Equity : Wednesday, 11 November 2015 A Master-Class on

1 OVERVIEW Windhoek, Namibia Private Equity Training Programme: November 2015 : Tuesday, 10 November 2015 Introductory Training on Private Equity : Wednesday, 11 November 2015 A Master-Class on Successful Deal Completion DATES: November 2015 TIME: 8:00am 5:00pm VENUE: Hilton Hotel, Windhoek Corner of Micheal Scott & Sam Nujoma Ave. Windhoek, Namibia COST: N$2 100 for one day N$3 600 for both days Delegates can attend either session, or both sessions Rates are per delegate (Rates payable in ZAR) SAVCA members receive a 15% discount About the training: The two courses are structured to be self-contained. The Introductory Training on Private Equity is designed to provide an overview of the workings of private equity, and includes a look at the various role-players in the industry, fund structuring, the activities of the private equity fund manager and regulation of the industry. The Master-Class on Successful Deal Completion is designed to give insight into how private equity fund managers go about identifying and acquiring an asset, and putting in place suitable management structures and processes to ensure success. Both sessions are targeted at private equity fund managers, legal and corporate finance advisory firms, asset consultants, institutional investors and regulators. Presenters are seasoned and respected private equity fund managers and advisors. For more information on each presenter, please see below. To register: Contact the SAVCA office on +27 (0) or us at events@savca.co.za About SAVCA: The Southern African Venture Capital and Private Equity Association (SAVCA) is the industry body and public policy advocate for private equity and venture capital in Southern Africa, representing about R170 billion in assets under management, through more than 130 members. SAVCA promotes Southern African private equity by engaging with regulators and legislators on a range of matters affecting the industry, providing relevant and insightful research on aspects of the industry, offering training on private equity and creating meaningful networking opportunities for industry players. Host Sponsor

2 Agenda DAY 1 Introductory Training on Private Equity Windhoek: Tuesday, 10 November :00 REGISTRATION 08:15 08:25 WELCOME SAVCA 08:25 08:45 An overview of the private equity industry: Basic terms, industry scale and outlook 08:45 09:15 The role-players in private equity: The workings of a multi-faceted industry Erika van der Merwe, SAVCA Ross Manton, Webber Wentzel 09:15 10:00 Private equity investment strategies On fund-manager mandates and modus operandi 10:00 10:30 COFFEE BREAK 10:30 11:30 Active stewardship: Functions and activities of the private equity fund manager Catherine Swanepoel, South Suez/Ke Nako Siya Nhlumayo, Medu Capital 11:30 12:00 Case study Siya Nhlumayo 12:00 13:00 LUNCH 13:00 14:00 Types of private equity structures and how they function Craig Dreyer, Ethos Private Equity 14:00 14:15 COFFEE 14:15 15:00 Understanding fund performance and valuation Craig Dreyer 15:00 15:30 Regulation of private equity Rudolph Fourie, Alternative Prosperity 15:30 16:00 Panel discussion: Investment practitioners discuss the regulatory and deal-making environment in Nambia Moderator: Rudolph Fourie, Alternative Prosperity Panellists: Daudi Mtonga, Director: Investment Services, VPB Namibia Other speakers to be confirmed 16:00 Closing remarks 2 of 6

DAY 2 Agenda A Master-Class on Successful Deal Completion: Managing the deal process from due diligence and negotiation, to structuring, approvals and sign-off.

Ron den Besten, The Abraaj Group 08:45 09:45 Due diligence considerations: Lessons and case studies from Southern Africa 09:45 10:15 Case Study: Due diligence Peter McCrystal, PwC Scott Berry, PwC

3 DAY 2 Agenda A Master-Class on Successful Deal Completion: Managing the deal process from due diligence and negotiation, to structuring, approvals and sign-off. Windhoek: Wednesday, 11 November :00 REGISTRATION 08:15 08:30 WELCOME SAVCA 08:30 08:45 Introduction and overview of a case study: A story about a deal that succeeded Stuart Bradley, Phatisa Ron den Besten, The Abraaj Group 08:45 09:45 Due diligence considerations: Lessons and case studies from Southern Africa 09:45 10:15 Case Study: Due diligence Peter McCrystal, PwC Scott Berry, PwC Stuart Bradley and Ron den Besten 10:15 10:45 COFFEE BREAK 10:45 11:30 Structuring the deal optimally: A GP s perspective Siya Nhlumayo, Medu Capital 11:30 12:30 Case study: Deal structuring, optimisation and value creation 12:30 13:30 LUNCH 13:30 14:15 Minority vs Control: What are the trade-offs? Ron den Besten Christo Roos, Ethos Private Equity 14:15 15:15 A winning start: Putting in place a 100-day plan for the business 15:15 15:45 COFFEE 15:45 16:15 Case study: The Ringmaster Approach how to get the deal over the line 16:15 16:45 Looking ahead to the exit: Running the sale process 16:45 CLOSE 3 of 6 Ron den Besten, Stuart Bradley Stuart Bradley Stuart Bradley and Ron den Besten

SPEAKERS SCOTT BERRY STUART BRADLEY RON DEN BESTEN Scott Berry is Director, M&A Tax Advisory at PwC South Africa. He joined the firm in early 2013, after a combined 18 years with another Big 4 firm.

Black Economic Empowerment (BEE) transactions, group reorganisations, deal implementation advisory, etc.

as tax due diligence executions. Stuart has 18 years of private equity experience in Africa with CDC Capital Partners, Aureos Capital and Phatisa Group.

During his career, Stuart has successfully raised over US$ 1 billion for private equity funds in Africa.

Before joining Aureos Capital, Stuart was the general manager of Takura Ventures in Zimbabwe, where he had overall responsibility for the Fund s success.

He joined the group in 2004, and was responsible for the $386 million Aureos Africa Fund s Southern Africa region and the US$50 million Aureos Southern Africa Fund.

4 SPEAKERS SCOTT BERRY STUART BRADLEY RON DEN BESTEN Scott Berry is Director, M&A Tax Advisory at PwC South Africa. He joined the firm in early 2013, after a combined 18 years with another Big 4 firm. Scott started his career in tax in 1994 with Andersen, and joined Andersen s Corporate Finance team in 2000, gaining experience in advising on the financial aspects of public to private transactions, Black Economic Empowerment (BEE) transactions, group reorganisations, deal implementation advisory, etc. In the latter part of 2002 Scott rejoined the tax arena specialising in M&A Tax, advising on the tax structuring of public to private transactions, BEE transactions and group reorganisations, as well as tax due diligence executions. Stuart has 18 years of private equity experience in Africa with CDC Capital Partners, Aureos Capital and Phatisa Group. He is the co-founder of Phatisa Group, which has over US$ 286 million of capital under management. During his career, Stuart has successfully raised over US$ 1 billion for private equity funds in Africa.Prior to founding Phatisa, Stuart was the managing partner of the US$ 50 million Aureos Southern Africa Fund in Johannesburg, South Africa. Before joining Aureos Capital, Stuart was the general manager of Takura Ventures in Zimbabwe, where he had overall responsibility for the Fund s success. Ron is the Chairman of the Regional Advisory Council, Sub-Saharan Africa of the Abraaj Group. He joined the group in 2004, and was responsible for the $386 million Aureos Africa Fund s Southern Africa region and the US$50 million Aureos Southern Africa Fund. He has over 18 years of private equity experience gained from institutions such as Gensec Bank Ltd. He has extensive experience in deal structuring, negotiations, strategic development of, and exit from African companies and serves on the boards of directors, audit-, remuneration-, social and ethics- and nomination committees as non-executive director of companies involved in industries such as financial services, fast moving consumer goods, agriprocessing, chemicals, manufacturing and IT services. He is a Chartered Accountant, and holds a B Comm Honours Degree in Accounting from the University of Johannesburg. CRAIG DREYER Craig joined Ethos in 1998 as the Company s Chief Financial Officer. Prior to this he was a partner of the Johannesburg office of the international auditing firm BDO. Craig is responsible for reporting, valuations, governance and administration of Ethos. He has served as a committee member of South African Venture Capital and Private Equity Association since Craig holds a Bachelor of Commerce degree in accounting and a post graduate Bachelor of Accounting degree from the University of Witwatersrand. He is a member of the South African Institute of Chartered Accountants. Craig represented South Africa at the Fireball World Sailing Championships in San Francisco in Craig is a keen photographer and tries to ride a mountain bike. Craig is married to Linda and has two daughters. RUDOLPH FOURIE Rudolph is a founding director that heads up sustainability and responsible investment at Alternative Prosperity. Alternative Prosperity is a Cape Town based advisory company that aims to inform progressive thinking around organisational responsibility. Rudolph works extensively in the financial sector with a broad range of stakeholders that include major Labour Unions, Pension Funds, Listed and Unlisted Corporates, Sector Associations and Civil Society organisations. Prior to joining Alternative Prosperity Rudolph worked as a Chartered Accountant for KPMG and Sasol from 2001 to Rudolph was then appointed as lecturer and researcher at Stellenbosch University after which he joined the Alternative Prosperity team. Rudolph is still a guest lecturer on the Development Finance Programme at the University of Stellenbosch Business School. 4 of 6

SPEAKERS PETER MCCRYSTAL SIYA NHLUMAYO Peter leads the PwC (South Africa) Transaction Services division, specialising in, amongst other deal related services, due diligence investigations, lead

Peter completed his period of traineeship with PwC in 1991, whereafter he took a position as Group Financial Manager of a listed IT group.

Africa. Peter was admitted as a partner in the SA firm in 1998 and was appointed as Leader of the Transaction Services division for Southern Africa in 2002.

He is responsible for strategic development, investment execution and management. He sits on various Medu Capital portfolio company boards and sub-committees.

Prior to joining Medu Capital in 2007, Siyabonga spent two and half years at PricewaterhouseCoopers Transaction Services advising on a range of transactions.

He specialises in investment fund formation, fund investments, and private company investment transactions.

5 SPEAKERS PETER MCCRYSTAL SIYA NHLUMAYO Peter leads the PwC (South Africa) Transaction Services division, specialising in, amongst other deal related services, due diligence investigations, lead advisory services, transaction structuring and advice on the application of the JSE Limited listings requirements. Peter completed his period of traineeship with PwC in 1991, whereafter he took a position as Group Financial Manager of a listed IT group. In 1995 he joined the Corporate Finance division of PwC and, after spending 18 months with the Canadian firm, returned to South Africa to focus on building the Transaction Services business in South Africa. Peter was admitted as a partner in the SA firm in 1998 and was appointed as Leader of the Transaction Services division for Southern Africa in Peter has led numerous significant transaction and listing assignments. Siyabonga is partner at Medu Capital, a black owned Private Equity firm. He is responsible for strategic development, investment execution and management. He sits on various Medu Capital portfolio company boards and sub-committees. He is also a board member and treasurer of the South African Venture Capital & Private Equity Association (SAVCA). Prior to joining Medu Capital in 2007, Siyabonga spent two and half years at PricewaterhouseCoopers Transaction Services advising on a range of transactions. Siya commenced his career at PricewaterhouseCoopers where he qualified as a Chartered Accountant. ROSS MANTON Ross Manton is an associate director in the Corporate Practice at Webber Wentzel. He specialises in investment fund formation, fund investments, and private company investment transactions. His experience has included advising on the formation of investment funds focused on private equity and venture capital, secondary acquisitions, real estate, real estate debt, renewable energy and litigation financing. Ross has also advised limited partners on a number of investments into investment funds and co-investment vehicles. Ross is a qualified solicitor in England & Wales. He has an LLB (Hons) degree from the University of Sheffield and a Postgraduate Diploma in Legal Practice from BPP Law School (Manchester, England). DAUDI MTONGA A Chartered Accountant by profession, Daudi is Director, Investment Services and serves as Head of VPB Namibia (Pty) ( VPB ) VPB is a Private Equity Fund Management firm with presence in Windhoek, Namibia and Gaborone, Botswana. Daudi has attended several training courses, seminars and conferences run by industry associations such as the SAVCA, AVCA, EVCA, NVCA, and EMPEA-IFC dedicated to the private equity industry and, more specifically, operations management. Daudi is a Fellow of the Association of Chartered Certified Accountants (UK). Some of VPB s leading clients, past and present, include the largest Pension Funds in Namibia and Botswana and also an Entrepreneurial Development Fund in Botswana. 5 of 6

Christo Roos joined Ethos in 2001 as an Associate. Christo has been actively involved in six portfolio companies including deal-lead responsibilities at Brandcorp, Savcio, Ozz, Doves and Defy.

His deal investment and harvesting skills are complemented by a track record of building value within his portfolio companies, which span various sectors of the South African economy.

Before this, he worked at Abbey National plc in London and for PricewaterhouseCoopers.

Pretoria. He is a CFA Charter Holder and is a member of the South African Institute of Chartered Accountants.

6 Christo Roos joined Ethos in 2001 as an Associate. Christo has been actively involved in six portfolio companies including deal-lead responsibilities at Brandcorp, Savcio, Ozz, Doves and Defy. Christo has particularly strong technical and structuring capabilities, which he applies across the private equity portfolio value chain. His deal investment and harvesting skills are complemented by a track record of building value within his portfolio companies, which span various sectors of the South African economy. Most recently, Christo led Fund VI s successful acquisition of Autozone. Prior to joining Ethos, Christo was a Senior Consultant in the Corporate Finance division of Ernst & Young. Before this, he worked at Abbey National plc in London and for PricewaterhouseCoopers. CATHERINE SWANEPOEL Christo holds a BCom (Accounting Sciences) degree, a postgraduate BComHons, a Certificate in the Theory of Accountancy and a Masters degree in taxation all from the University of Pretoria. He is a CFA Charter Holder and is a member of the South African Institute of Chartered Accountants. Ms Swanepoel has over 10 years of private equity and investment related experience and in addition to being a Principal at South Suez, also is on the investment committee of an established South African fund-of-funds. She also sits the Advisory Boards of several African private equity funds. ERIKA VAN DER MERWE CHRISTO ROOS SPEAKERS Erika van der Merwe is CEO of the Southern African Venture Capital and Private Equity Association (SAVCA), a non-profit organisation whose objective is to promote venture capital and private equity in Southern Africa. She holds the Chartered Financial Analyst (CFA) accreditation and has a master s degree in economics from Cambridge University and from the former University of Natal. Prior to joining South Suez, Ms Swanepoel was an Investment Manager in the Africa team at CDC, a leading private equity investor in the Emerging Markets with over 140 private equity funds in its portfolio. During her time at CDC, Ms Swanepoel was responsible for performing due diligence on new fund investments as well as for monitoring the performance of existing funds within the portfolio. Prior to that Ms Swanepoel spent 4 years in the Investment Banking division at Goldman Sachs, predominantly in transaction execution for private equity clients. Ms Swanepoel holds a Bachelor of Commerce degree (Honours) in Economics and a Masters of Commerce in Economics, both from the University of Cape Town. 6 of 6

Windhoek, Namibia Private Equity Training Programme: November 2015

OVERVIEW Windhoek, Namibia Private Equity Training Programme: 10 11 November 2015 : Tuesday, 10 November 2015 Introductory Training on Private Equity : Wednesday, 11 November 2015 A Master-Class on Successful