ABOUT US STRATEGY THE TEAM TRACKRECORD PORTFOLIO PRESS CONTACT Cornerstone Partners was set up by Dave H. Williams and three investment professionals, Przemysław Krych, Marcin Halicki and Tomasz Klukowski. Dave H. Williams is a former Chairman and Chief Executive Officer of Alliance Capital Management, currently Chairman Emeritus of Alliance. A complementary team... Cornerstone Partners' principals have been working together since 1993, when they founded the private equity business at Bank Handlowy w Warszawie S.A., a major commercial bank in Poland. As a team, they joined Templeton Direct Advisors in 1999, continuing their investing activities in Central Europe. In 2001, they joined Mr. Williams for the purpose of establishing Cornerstone Partners. Combining extensive investing and operating experience... On the investment side, the Partners have proven themselves by successfully purchased, managed, built and sold businesses in varying economic climates, and their collective track record shows that they have consistently generated strong returns for investors. Prior to their involvement with Cornerstone Partners, the Principals held various management and supervising positions gaining operational experience. Combined with expertise in Western business practices provides them with complementary skills in finance, sales, technology and other critical areas. They can easily relate to this experience when they assist management of the portfolio's companies. Creating deals out of the situations... The Principals, as pioneers in private equity investment in Poland, possessed strong know-how of venture capital best practices. Combined with their managerial, operational and engineering background, gives them all the knowledge to select the most promising opportunities and transform them into successful and valuable deals. Historically, the Partners have originated transactions through a variety of methods including personal relationships with local entrepreneurs, government officials, legal and accounting firms, referrals from portfolio companies, industry contacts, and internally generated research. We believe that Cornerstone Partners is uniquely positioned to capitalize on attractive deals and projects opportunities.