Initial Focus: Fund Management

Black Swan manages private equity funds which are invested primarily in natural resources and technology.

In most deals Black Swan and its partners will hold a controlling stake, at least in the initial stages of a transaction, and always require management and board positions on all investments.

Opportunity: ADX Currently Limiting Foreign Listings

NASDAQ DUBAI is currently the only market completely open to foreign companies for listing

ADX has announced their intention to expand

ADX attracts strong regional investor interest

Opportunity: NASDAQ DUBAI/ADX Listings

For listed and other international firms Black Swan will:

Cross-list existing US, European and Australian firms on NASDAQ DUBAI

Bring new firms to NASDAQ DUBAI/ADX

Prep regional companies for listing

Opportunity: Local markets currently lack information

Local exchanges in Dubai & Abu Dhabi have a market cap over $250bil (Q1’08)

Larger than the whole of the London AIM market

There is little analytical research

Few cohesive stories

Yet retail investors have proven willing to trade these exchanges

Opportunity: Analysis Structure Already Agreed

Black Swan has an agreement with a leading London research house to: Provide dual language research coverage of all companies which are Black Swan clients; Provide local UAE based dual language PR based in Black Swan’s Dubai office; Provide dual language web analysis for Black Swan clients, UAE retail brokers and clients

Fee sharing agreement with Black Swan. Working from this base of information, Black Swan will provide local brokers with information packages on all the companies which are brought to market by Black Swan.

In addition to the information set out above we will offer retail broking sales training where necessary.