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The Company
Promethean India plc is an investment company which intends to generate returns for its shareholders by investing through the Group in businesses that are established or operating in India in special situations.

Investing Strategy
The Group will invest in both private and public businesses and across the small, mid and large-cap range of companies. The Investment Manager will actively manage a concentrated portfolio of investments. The Group will be a value and growth orientated investor, targeting opportunities in the areas of domestic growth plays, international expansion opportunities and restructuring opportunities, where there is a clear ability for the team to add value by various methods, including by virtue of its network, operating knowledge, ability to secure local licences, and find high quality management where required.

The directors of the company are experienced company executives who are well positioned to supervise the investment manager in the investment decision making process and all necessary due diligence.

The Directors, all of whom are non-executive, are as follows:

Sir Peter Burt (Chairman) (Age 63)
Sir Peter Burt started his career with Hewlett Packard in California. Prior to that he was a Thouron scholar at the University of Pennsylvania’s Wharton School where he completed an MBA. Sir Peter Burt spent most of his career with Bank of Scotland where he became Chief General Manager and Chairman of the Management Board in 1988, later becoming Group CEO. Following the merger with Halifax he became Deputy Chairman in 2001 of HBOS plc. He retired from HBOS plc in January 2003.  He was formerly a non-executive director of Shell Transport and Trading plc, of Royal Dutch Shell plc and is the former non-executive chairman of ITV plc. He is also a non-executive director and chairman of Promethean plc, a former adviser to Apax Partners, and also a director of several other companies.

Frank Hancock (Age 45)
Frank Hancock has had around 20 years experience as an emerging markets investment banker in the Middle East, Africa, Eastern Europe, and for the past 11 years, in India. Frank currently heads corporate finance for ABN AMRO in India where he is responsible for the M&A advisory and equity capital markets activities of the bank in that country.  During his 7 years at ABN AMRO, Frank has worked on numerous transactions in the public and private sectors in India. These have included leading the team that advised the government of India on the US$3 bn restructuring of New Delhi and Mumbai airports, numerous other M&A transactions, and many capital markets deals, including the US$500m convertible issue of Housing Development Finance Corporation in July 2005 (the largest ever such issue out of India at that time).  Prior to joining ABN AMRO, Frank worked for 11 years with S.G. Warburg, first of all in its Overseas Advisory department, where he worked on large privatisations and debt restructurings in Poland, Nigeria, Bulgaria, and other emerging markets, and latterly in India, where he ran Warburg's corporate finance business. Before joining S.G. Warburg, Frank worked for 2 years in the Export and Project Finance Department of Morgan Grenfell.  Frank has MAs in Classics from Christ Church, Oxford, and Arabic Studies from Georgetown's School of Foreign Service.

Elizabeth Tansell (Age 45)
Elizabeth Tansell is a chartered accountant and has 20 years' experience in the fund administration sector. She joined Rawlinson & Hunter, an international firm of Chartered Accountants in 1990 and in 1995 became a partner responsible for the firms fund administration business. In 1999, Elizabeth was appointed managing director, a role which she continued in until 2004 when assets under administration had grown to approximately US$2.5 billion. In November 2004, together with Keith Corkill she established Chamberlain Fund Services Limited an independent third party fund administrator based in the Isle of Man. Elizabeth is a director of a number of offshore funds investing in a variety of investment instruments and geographical locations.

James N. Hauslein (Age 48)
Mr. Hauslein is currently Managing Director of Hauslein & Company, Inc., a private equity firm and was previously Chairman and Chief Executive Officer of Sunglass Hut International, Inc. From 1987 to 2001 Mr. Hauslein was a principal shareholder and from 1991-2001 served as Chairman of the Board of Sunglass Hut. Sunglass Hut was acquired by an investment group including Mr. Hauslein in 1987, and grew from $23 million in sales in fiscal 1986 to $680 million in fiscal 2000. The Luxottica Group (NYSE: LUX) acquired Sunglass Hut (NASDAQ: RAYS) in April 2001 for over $680 million in cash. As part of his private equity investment Mr. Hauslein served on the Board of Directors of Crunch Fitness (a chain of 18 fitness clubs in 5 states which was acquired by Bally’s Total Fitness (NYSE) in December 2001), and currently serves on the Board of Closer Healthcare, Inc, Interstate Connections, Inc, and Freedom Acquisition Holdings, Inc. (AMEX: FRH.U) a $528 million general purpose SPAC.  Mr. Hauslein was previously a partner of the private equity firm of Kidd, Kamm & Company, Inc. Mr. Hauslein received his MBA in 1984, with Distinction, from Cornell University’s Johnson Graduate School of Management, and he received a Bachelor of Science Degree, in Chemical Engineering, from Cornell University in May 1981. Mr. Hauslein also serveds on a number of other boards.

Nick Agarwal (Age 39)
Nick Agarwal has had around 15 years’ experience as an investment banker and investment manager in the United States, Europe and Eastern Europe. Nick currently works at Magnetar Capital, a multi-billion dollar multi-strategy hedge fund, where he originates and executes privately structured credit and equity investments. Prior to joining Magnetar Capital, Nick worked most recently as an investment banker at Banc of America Securities and J.P. Morgan Securities, where he completed numerous leveraged finance, equity capital market and merger and acquisition advisory transactions for private equity firms. Nick has an MBA from Stanford University’s Graduate School of Business and a BA in Economics from Amherst College.

Board of Directors’ Responsibilities
The Directors have overall responsibility for the Company’s activities. The Directors are responsible, inter alia, for monitoring the performance of and for appointing, supervising, directing, and, if necessary, replacing the Company’s service providers.  The Directors recognise the importance of sound corporate governance and the value of the Combined Code, and they will take appropriate measures to ensure that the Company complies with the Combined Code to the extent considered appropriate for a company of its size and nature of business.

Country of Incorporation
Isle of Man (the rights of shareholders may therefore be different from the rights of shareholders in a UK incorporated company).

Main country of Operation
India

Click here for Promethean India's current constitutional documents.

Click here for the latest report and accounts.

Number of Ordinary Shares in Issue: 50,000,000

Click here for Promethean India's recent admission document.

List of advisors: