TRANSACTION SUMMARY

On 20 July 2012, RIT Capital Partners plc announced that it had made a long-term investment in Corsair Capital, resulting in it having a minority investment in the G.P. of the firm. On completion of the transaction, RIT Capital Partners proposes to issue new ordinary shares as is equivalent to US$7.5m, as part consideration for the acquisition of the stake in Corsair by RIT Capital Partners.

RIT CAPITAL PARTNERS

RIT Capital Partners plc is an investment trust listed on the London Stock Exchange. It is chaired by Lord Rothschild, whose family interests retain a significant holding. For 2011 it won the Best Large Trust award from the Investment Trust Journal, for its outstanding performance.

CORSAIR CAPITAL

Corsair Capital is a leading specialist private equity firm focused exclusively on investing in the global financial services industry. Corsair has invested across a range of geographies and cycles, and in substantially all of the subsectors of the financial services industry including insurance, asset management, depository institutions, and specialty finance in North America, Western Europe, and the Emerging Markets of Asia, Latin America, and Central Europe.

ROLE

SHP acted as financial adviser to RIT Capital Partners.