ITC Presentation to Intermediaries

26th November 2009

2009 ITC Powerscourt Dynamic Portfolio

National debt at

7.30am this morning

is €74,636,824,000

What will it be at

9am?

New Environment

•Government response?

•Over exposure to property

•Liquidity

•Client confidence

Challenges

Clients

Tax relief

Asset class

50% better than AVC

Tax relief between both parties (up to €300,000 in any one year).

All income.

On exit, tax is charged at CGT rate as opposed to income tax rate.

Early access to cash, i.e. 6 year target investment.

There are limited reliefs available going forward, Provides access to a private equity investment.

The tax break reduces the sum at risk.

Why BES?

Why BES for you?

•Access to an alternative source of

business through meeting a client need

•Helps to reduce the client’s effective

tax rate

•Provides a private equity investment

play

•Planning tool into a wider tax planning

approach for the client

•Collective negotiation and due

diligence

•Access to expertise in private

equity

•Provides the ability to win new

clients

•Clear alignment with investor

Why Portfolio Approach?

ITC is regulated by the Financial Regulator

Conor Moran

Powerscourt Capital Partners

Overview

•Private equity and venture capital boutique

•Sean Melly and Conor Moran

•Philosophy of transparency and partnership

•Rigorous approach to investment analysis

1. Potential Investment Companies submitted through

website - http://www.powerscourtcapital.ie/

2. Detailed review and for appropriate companies an

invitation to pitch

3. Clarification questions and additional meetings, if

required

4. Draft heads of agreement

5. Due diligence

6. Legals and investment completion

Selection Process – 6 Steps

2008 Investments

POTENTIAL INVESTEE COMPANIES

•Pharmaceutical Technology

•Fraud Prevention Technology

•Semiconductor Technology

Opportunities 2010

Q & A