LetterOne Technology KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London • L1 Technology looks for investment opportunities within the global technology space with a strong focus on the software and data sectors. We seek to invest in technology businesses which can be leveragedas platforms to expandinternationally, throughacquisitions or broadeningthe product set • Our permanent capital and long term operational focus, provides L1 Technology with the ability to underwrite hold periods longer than a typical Active Markets Europe, Israel, Emerging Markets private equity fund. In addition, we have the flexibility to own majority control positions or large minority stakes. • We have appointed an Advisory Board of internationally renowned Industry leaders and specialists. They are deeply involved in supporting the Founded 2015 investment team. L1 Technology’s Advisory Board includes Nadeem Syed (CEO of Finastra and former group VP at Oracle), Jos White (Founder of MessageLabs), Brent Hoberman (Founder of Lastminute.com and Made.com), Osama Bedier (former Vice President of Payments at Google and headofGoogleWallet,currentFounder/CEOofPoynt),andDenisO’Brien(FounderofDigicelandESATTelecomGroup). Employees 10-20 • BasedinLondon,L1TechnologyhasrecruitedastrongteamofdealprofessionalsfromBlackstone,SummitPartners,MorganStanleyandMcKinsey Current Fund Size Permanent capital; part of $24bn investment group SELECTED PORTFOLIO COMPANIES Use of Debt Depending on investment profile With+235m subscribers, Veon is #8 largest telecom operator globally. Veon operates across 12 markets (key markets: Italy, Russia, Pakistan, Bangladesh, Ukraine and CIS). Veon is headquarted in Amsterdam and listed on Nasdaq and Amsterdam AUM ~$5bn stock exchanges Largest converged telecom operator in Turkey with 50m subscribers. With its extensive digital app portfolio, Turkcell leads Target Investment Size >$100m per investment digital revolution in the telecom sector globally. Turkcell is listed on Istanbul and New York stock exchanges $200m investment. L1T strategic partner for Russia Target Geographies Europe, Israel, Emerging Markets Telco Billing & CRM system, strategic partnership with Ericsson, Helsinki headquartered Target Sectors Software, B2B data, marketplaces, telecom Data based MVNO, freemium model, California headquartered Investment Style Active Deal Structures Control, joint control, large minority KEY CONTACTS Platforms with international expansion Leif Lindback Key Investment Criteria potential [Photo] Senior Partner • Head of New Investments team • Previous experience: Partner at Charterhouse, Blackstone, Morgan Stanley Website http://www.letterone.com/our- Email: [email protected] businesses/l1-technology Contact Email [email protected] Nicolas Slim [Photo] Partner • Previous experience: Summit Partners, Goldman Sachs Contact Phone +44 (0)20 7046 6150 Email: [email protected] 44