Yannis Tsakiris

EU Finance Days

for SMEs

European Investment

Fund

20

Jan

uary

20

09

|

Ath

en

s

This presentation was prepared by EIF. The information included in this presentation is based on figures available for December 2008.Any estimates and projections contained herein involve significant elements of subjective judgment and analysis, which may or may not be correct.

EIF at a Glance

Dual Objective of Meeting EU Policy Goals & Generating a Satisfactory Return on Equity

EU specialised institution for SMEs, risk financingVenture Capital and Mezzanine (fund of funds)

Structuring and Guaranteeing portfolios of SME and microfinance loans/leases

Authorised Capital EUR 3bn EIB: 63.6%EU: 27.4 %Fin. institutions: 9 %

Geographic Focus /IntermediariesEU 27, EFTA, Candidate CountriesDistributing through Banks and Funds

AAA ratedAAA rated

Staffing, Culture and Values

Leading-edge modern institution

Adapting to changing market conditions

High standards of compliance and integrity

Main Activities and Focus

Investments in Private Equity, Venture Capital and Mezzanine Funds with SME focus

Guarantee and Securitisation operations through financial intermediaries for SME lending

Local market development and private resources mobilisation through local fund of funds (France, Spain, Portugal, Turkey etc)

JEREMIE (SME access to finance)

JASMINE (Microfinance)

Technology Transfer

Cleantech & Environmental Fund Investments

Under EIF Management at end of December 2008

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Total

signatures

New signature

s

in 2007

New signatures

in 2008

Vehicles

VENTURE CAPITAL

EUR 4.8bn*

EUR 0.5bn*

EUR 0.4bn*

appr. 300

funds

GUARANTEESEUR 13.0bn

EUR 1.4bnEUR 2.1bn

appr. 200

operations

TOTALEUR

17.8bn EUR 1.9bn EUR 2.5bn

*Before capital repayments

Investing a Broad Range of Public and

Private Resources

To be committed to venture capital funds and guarantees

in the EU and Candidate Countries…

…and generate a substantial return on equity

EUR 4bnRevolving

EUR 1.1bn (CIP)

Up to EUR 1bn

BMWi - ERP

DAHLIA

EUR 965mAt 31 Dec 2007

EUR 450m NEOTEC

Competitiveness & Innovation Framework Programme (CIP)

Purpose

Encourage the competitiveness of European enterprises

Support innovation and entrepreneurship activities

Provide better access to finance

Promote the increased use of renewable energies and energy efficiency

The European Commission has mandated the management of the CIP financial instruments to EIF

CIP budget - total envelope for VC and Guarantees : EUR 1.1bn to be invested over a period 2007-2013

COUNTRIES COVERED BY CIP GIF

13 DEALS SIGNED for over EUR 144m*

Competitiveness & Innovation Framework Programme (CIP)

*as of 31/12/2008

Inventure Fund Ky (ex Holtron)Dritte SHS Technologie GmbH & Co. KGPinova Fund IFountain Healthcare Partners Fund IAlbuquerque FCRChalmers Innovation FundPentech Fund IIUMIP-MTI TTA Fund360 Capital OneBaltcap Private Equity FundCapricorn Cleantech FundSerena CapitalWHEB Ventures Private Equity Fund II

CERSAFDP CFFDP MF –KfW Siagi Growth –Siagi TransmissionSlovene Enterprise FundSOCAMA PESESOCAMA PSTRUniCredit Bank HungaryADIE – MCMicrobank La Caixa

COUNTRIES COVERED BY CIP GUARANTEES12 AGREEMENTS SIGNED for over EUR

1,309m*

Competitiveness & Innovation Framework Programme (CIP)

*as of 31/12/2008

JEREMIE: Increasing the Deployment of Self-Sustaining Financial Instruments for SMEs

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The Joint European Resources for Micro to Medium Enterprises

• Joint initiative of the EU (DG Regio & EIB Group) launched in October 2005

• Joint also because it potentially combines resources from the EU, National Public Authorities, EIF, EIB and/or other financial institutions

• Uses European Regional Development Funds for enhancing SME access to finance through financial engineering instruments (venture capital, guarantees, debt)

• “Revolving” nature of financial instruments

• Creates leverage

• Encourages move away from grant dependency

JEREMIE – Current State of Play

JEREMIE achievements: 7 mandates signed (EUR 700 m) + additional EUR 220m in the ST pipeline

Country Date Amount in EUR m

Greece June 2007 100

RomaniaFebruary

2007100

Latvia July 2008 183

LithuaniaOctober

200880

Languedoc-Roussillon (F)

October 2008

30

Campania (I)

December 2008

90

SlovakiaDecember

2008121.2

Bulgaria To be signed in 2009

Cyprus To be signed in 2009

EUR 100m for Equity & Loan instruments to Greek SMEs

Signature of the Funding Agreement between Hellenic Republic and EIF on the 26th June 07

Implementation phase to start early 2009

EIF office in Athens

JEREMIE Greece

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European Investment Fund

Herodou Attikou 1,

106 74 Athens

GREECE

Tel: 210 68 24 518

Fax: 210 68 24 520

www.eif.org

Contact details

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