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Green for Growth Fund, Southeast Europe At a Glance

Corporate Information Public-Private Partnership involving donor agencies, international finance institutions and private institutional investors Specialised Investment Fund Domicile Inception Initiators Lead Investors Luxembourg December 2009 European Investment Bank (EIB), KfW Entwicklungsbank European Commission (EC), European Investment Bank (EIB), KfW Entwicklungsbank, European Bank for Reconstruction and Development (EBRD) Oppenheim Asset Management Services S. à r. l., Luxembourg Finance in Motion GmbH, Frankfurt/Main, Germany The mission of the Fund is to contribute in the form of a public private partnership with a layered risk/return structure, to enhancing energy efficiency and fostering renewable energies in the Southeast Europe region including Turkey, predominantly through the provision of dedicated financing to businesses and households via partnering with financial institutions and direct finance Broadening the financing base of energy efficiency (EE) and renewable energy (RE) investments in the region Increase awareness of energy efficiency and small renewable energy products among companies and private households Contribute to broadening and deepening the financial sector servicing those development needs Harmonize and coordinate donor initiatives Target Partners Target Partner Institutions Albania, Bosnia and Herzegovina, Croatia, FYR of Macedonia, Montenegro, Serbia, Kosovo*, and Turkey Financial institutions (commercial banks and non-bank financial institutions, such as leasing companies) to finance mainly EE and RE investments in private households and small and medium-sized enterprises Direct financing of Energy Service Companies, small renewable energy projects and companies and municipal entities Financial Instruments Medium to long-term senior loans, subordinated loans, syndicated loans, letters of credit, guarantees, mezzanine debt instruments, local debt securities Through a technical assistance facility provision of well tailored technical assistance for capacity building of partner institutions to set up energy efficiency and renewable energy lending operations as well as support of companies in the form of energy audits or EE and RE project implementation

Fund Manager Fund Advisor Mission

Objectives

Non-Financial Services

*under the UNSCR 1244/99

Fund Structure and Initial Commitments

Issuance of different share tranches (A, B and C Shares) and later on Notes offering investors

different risk-return profiles

C Shares constitute the "First-Loss Tranche" (C Shares) providing risk protection for "Mezzanine

Shares" (B Shares) and "Senior Shares" (A Shares) and eventually Note Holders

Commitment of the European Union in the amount of EUR 20 mil for the First-Loss Tranche EIB, EBRD and KfW have committed each to invest EUR 25 mil in the A and B Tranche of the Fund Initial funding of the Technical Assistance Facility will be provided by the Austrian Development

Bank

Asset Portfolio

Loans to SMEs , private households and small EE/RE RE projects projects

Funding for ESCOs, larger industrial companies, small EE/RE projects

Investment Managers

The Fund

Issue Proceeds

(initially: KfW, EIB,

EBRD, later mainly private Investors) initially 60 MEUR

Investors A Shares

Lending through financial institutions

Dividends /Redempt .

SICAV-SIF

SIF

(Luxembourg) Luxembourg

Direct lending

Issue Proceeds Dividends /Redempt . Issue Proceeds

B Shares

(EIB, KfW, EBRD) initially : ca. 15 MEUR

(EU, Govts .), (EU, Govts Dividends /Redempt . Initially: 20 MEUR

C Shares

Custodian Custodian Bank Bank

Projected Business Operations

Initial Fund Volume: EUR 95 mil (Dec. 2009)

Auditors Auditors

Fund Volume Growth over the next five years: EUR 350 mil Entry of additional international finance institutions and public investors as investors Acquisition of private investors (A Shares & Notes)

For further information, please contact: KfW Entwicklungsbank Constanze Kreiß Phone: +49 69 7431-4255 E-mail: [email protected] Oppenheim Asset Management Services Johann Will Phone: +352 22 1522 423 E-mail: [email protected] European Investment Bank Peter Coveliers Phone: +352 43 79 87403 E-mail: [email protected] Finance in Motion GmbH Lloyd Stevens Phone: +49 69 9778 7650 13 E-mail: [email protected]

Information

Kljucni indikatori razvoja u Srbiji ­ Investicioni portfolio i razvoj

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