Piata de PE/VC

Bucuresti, 12 mai 2011

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Total Investment – Europe and CEE

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Stage of investments – Europe and CEE

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Fundraising – Europe and CEE

Types of funds raised – Europe and CEE

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Total investments - Romania

Stage of investments - Romania

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2006-2011 Romanian GDP Decomposition

Source: the Romanian National Institute of Statistics

• Net exports continue to drive the economy in 2010 and most likely in 2011.

• Private consumption may achieve a modest come-back this year, with

marginal impact on GDP growth.

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2011-2012 Forecast for Romania

*) if not stated otherwise

• GDP should resume growth with a modest plus in 2011, as no further austerity measures are

planned and the money market key interest rates are expected to remain relatively low during

2011.

• The budget deficit level fell below the target agreed with IMF for 2010 (-6.5% actual versus -

6.8%) and the target for 2011 (-4.5%) looks achievable.

• Investments are expected to make a modest come-back in 2011, with a marginal contribution to

GDP growth.

Source: ING, UniCredit, IMF.

% change y-o-y* 2009 2010 2011 F 2012 F

GDP -7.1 -1.3 1.5 3.5

Individual consumption -9.6 -1.8 0.6 3.9

Investment -25.2 -13.1 4.0 9.2

Current account balance (% of GDP) -4.2 -4.1 -3.8 -5.4

Public budget deficit (% of GDP) -7.4 -6.5 -4.5 -3.9

Gross external debt (% of GDP) 69.1 74.6 73.9 72.5

Unemployment rate (year-end) 7.8 6.9 6.7 6.3

RON/EUR at year end 4.23 4.28 4.20 4.05

Thank you!

Cristian NACUPartener

Enterprise Investors

Domus Center, 36 Stirbei Voda Str., 5th floor, Bucharest, Romania

Tel. +40 21 314 66 85Fax. +40 21 314 81 93

E-mail: cristian.nacu@ei.com.ro

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