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Investment Adviser

Cartesia S.A.S.

Cartesia S.A.S. ("Cartesia") was retained as Advisor to the Company with effect from the 1 September 2009. Cartesia S.A.S. is a financial advisory company established in Paris in January 2009 specialising in debt and credit products. Cartesia received the status of Financial Investment Advisor from the French regulator for financial markets.

Cartesia is held by the Massena Group, a French multi-family office and wealth management company operating from Paris and Geneva, and Tanguy Boullet, chairman and CEO. Mr Boullet is a former founding partner of Ocean Capital Associates in London. He has over 22 years of experience in investment banking and financial markets. Cartesia was appointed as investment advisor by Massena for the launch of their Luxemburg-based Debt Fund, launched in April 2009, and currently manages approximately euro 50 million of European credit assets. Cartesia currently employs Hadrien Carre, also a former partner at Ocean Capital and Olivier Genin who used to work at Merrill Lynch London in the Structured Credit Group.