VATF

1. VATF Vietnam Advanced Technology Fund October 2009

2. VISION To be the leading equity growth fund in Vietnam. Focused on advanced technology Leveraging the team’s experience, Vietnam’s natural resources and the strengths of the Vietnamese people.

3. VATF – EXECUTIVE SUMMARY • Fund size: US $200 Million • The team: Strong investment team with vast experience in investments, private equity, investment banking and industry and an emphasis on Asia Pacific • Investment objective: Earn superior returns by investing in Vietnamese or Vietnam-related companies • Investment thesis: Vietnam is one of the most promising of all emerging markets. The country’s mostly export based economy combined with growing domestic consumption, a dominant private sector and a large entrepreneurial talent pool – make it the perfect place to create value for investors • Investment sectors: Energy & Environment, Agriculture & Bio-technology, Industry & Infrastructure, Consumer, Software and Communication • Average investment per transaction: $10 million

4. WHY VIETNAM ? • GDP growth of over 6.5% annually since 2004 (second only to China in Asia Pacific) • Population just under 90M, with 50% under the age of 27 • Rapidly growing private sector (cumulative production capabilities grew from $3bn in 2000 to $13bn in 2007) and SME’s expanding at phenomenal rates • Domestic consumption grew 300% from 2004-2008 • Vietnam’s stock market grew from $5bn in 2005 to $25bn (with a peak of $50bn in 2007) with 314 companies traded • 1,700 companies groomed for privatization over the next few years

5. MANAGEMENT • Mr. NitsanYanovski, President and CEO • Founder and managing partner in SFK Asia Pacific, KGIF and As-Pas-Yan • A rich history of investment leadership in Israel and Korea with over two decades of experience in the financial and investment sectors • Track record of working with Asian governments - building KGIF together with the Korean Ministry of Communication (MIC) • Formerly President and CEO of Ampal International Ventures with $750M under management. • Initiating over 30 Exits to date, including more than 20 IPO's in NASDAQ • Mr. Eran Wagner, Executive Vice President and COO. • An Entrepreneur and senior executive with over 20 years of international experience in building businesses in the high-tech industry • Proven track record in fund-raising, building, focusing and motivating teams to bring new products and services to market • Deep knowledge in the various segments of Telecommunication

6. MANAGEMENT Mr. Asher Sadan, Head of Vietnam Activity  • Senior Executive with over 15 years in international business, and vast experience in South East Asia • Formerly Head of the Vietnamese subsidiary of the Fishman Group - one of Israel’s largest and most renowned investment groups; • Formerly CEO of the Israeli subsidiary of Visual Defense  - a leading international high-tech company in the area of Security and Defense Systems •  Brigadier General with 25 years in the Israeli Defense Forces (IDF) holding various senior leadership positions including a 3-years relocation in Singapore

7. TRACK RECORD

8. INVESTMENT STRATEGY • VATF will focus on investments in sectors defined as strategic by the Vietnamese government including Energy & Environment, Agriculture (including Marine Agriculture) & Bio-technology, Industry & Infrastructure, Consumer, Software and Communication • Capitalizing on the team’s experience VATF will invest in ventures in three main categories: • Localization of global cutting-edge technologies into Vietnam for the purpose of domestic consumption or manufacturing and export of finished goods • Expansion plans of proven local Vietnamese businesses ready to enter global markets • Create synergy in the relevant sectors and cooperate with potential Strategic partners to expand in APAC territory • Exit strategy based on building valuable assets that could be sold to strategic partners or taken public in local or foreign exchanges

9. EXAMPLE SECTORS • High growth sectors • PIPES • JVs based upon proven Israeli and world wide technology • Pre-IPO investments Industrial related Consumer • manufacturing • Led packaging • Logistic centers • Optics • Communication Energy & Environment Sector Focus • Wind energy • Power & Power ancillaries • Waste Reduction • Water technologies Software & Comm. Agriculture & Biotech • Marine Bio-technology • Chemicals • fertilizers

10. CASE STUDY SHELLCASE TECHNOLOGIES • An Israel based, leading global supplier of wafer-level electronic packaging technologies for the digital imaging and data telecommunications markets. • Although Shellcase developed superior technology, had $80M in investment and was a world-leader in its field, it was challenged to create value for its shareholders, mainly due to its choice to maintain a fabrication facility in Israel, which is far from the relevant markets. • In 2005 we led an investment of ~$18M in Shellcase, at a very low valuation, as part of a Chinese-Korean-Israeli consortium. • Immediately thereafter, Shellcase closed the fabrication facility in Israel and opened a JV manufacturing facility in China. • Today, this facility is fully operational, with an impressive client base and high volume manufacturing. • Shortly after the investment, we successfully sold Shellcase IP to Tessera Technologies, a leading US company. Investors enjoyed a significant return on a company that only a short time previously was destined for receivership. • China manufacturing facility to go public in APAC market next year at extremely high valuation (Over 250M$).

11. SAMPLE DEAL - CONSUMER • Optical Lenses Market • Existing company with unique proprietary technology expertise for producing multi-focal lens molds in a market where vertical giants such as Essilor (France), Hoya(Japan) and Carl Ziess (Germany) create technology scarcity. • Company has major market share and an excellent client base in the fastest-growing, highest margins segment in the ophthalmic market with deep experience in Asia Pacific • Israel • Establish and invest in JV between the Israeli company and a Vietnamese strategic partner to manufacture and market molds for manufacturers of non-branded multi-focal lenses as well as to create a new brand of multi-focal lenses for Vietnamese and world markets • Vietnam

12. SAMPLE DEAL – ENERGY • Wind Energy Market • Existing company with unique IP: • Paradigm changing wind energy system • 30% lower cost of energy than traditional solutions • Scalable to meet broad application requirements • Modular for easier transport • Israel • Build plant to harvest wind energy for domestic use • Create manufacturing facility for new technology and export systems globally • In Vietnam the areas with possibility of wind power is one of the best in the world • Vietnam

13. SAMPLE DEAL – ENERGY • Algae based Bio Fuels Market • Co Commercial – scale seaweed farms ,deploying groundbreaking energy efficient technologies, and recycling carbon dioxide to profitably produce sustainable fuels and feed • USA/Israel Invest in building facilities that would leverage the new technology to grow and harvest Algae along the Vietnamese shorelines, and position Vietnam as a spearhead at this area • Vietnam

14. SAMPLE DEAL – AGRICULTURE • Marine Aquaculture Market • The US is the world’s second largest importer of seafood. China and Japan are other important markets. Consumer demand for fresh, disease and contaminant-free healthy marine fish is growing rapidly with a new emphasis on Organic, higher value products • USA and other • Vietnam • Vietnam is a world leader in fisheries, an industry that is rapidly growing and providing many jobs. VATF will invest in developing a new generation of marine aquaculture that is fully contained, generic and environmentally sustainable, efficiently produces high value, disease- and contaminant-free healthy marine fish with no environmental risks. Technology available today enables the development of modern hatchery technologies for the production of clean seeds year round.

15. TERMS OF FUND Name of Fund: Vietnam Advance Technology Fund Fund Size: US$200 million minimum closing of US$50 million Fund Life: 9 years, subject to 3 annual extensions Draw-downs: 20% upon admission Subsequent takedowns on 20 days notice Management Fee: 2.0% p.a. of committed capital Carried Interest:20% Hurdle rate:5% p.a.

16. CURRENT STATUS • VATF will create a management team with local partners and a combination of local and international investors • VATF is cooperating with the Vietnamese government and the provinces in potential support and JVs opportunities. cooperation agreements are about to be signed • VATF has already received written commitments exceeding $50M from local (Vietnamese) Investors (attached)