| New Africa Investments Limited (“NAIL”) |
| NAIL is a JSE listed media company. NAIL’s primary asset is a 24.9% state in Kaya FM, a Johannesburg based radio station. Capricorn holds a 20% equity interest in NAIL. |
| |
| Eurosteel Group |
| Eurosteel is the second largest stainless steel distributor in South Africa . The Group also distributes aluminium products for Hulamin and performs value added services for customers in stainless steel, aluminium and carbon steel. Capricorn acquired an indirect 14% stake in Eurosteel in March 2006 when it facilitated a BEE transaction for the Company, whereby the Isitali Consortium acquired a 35% stake in Eurosteel. Capricorn owns 40% of the Isitali Consortium. Capricorn made a further direct investment of 10% in Eurosteel in August 2006. |
| |
| Westbrooke |
| Westbrooke is a private equity company with investments in Permark / Innoxa, Stuttafords, Coricraft, Buildmax and Toolquip. Capricorn holds a 27% equity interest in Westbrooke. |
| |
| Mobile Holdings |
| Peach Mobile , CMG and MHG are content providers for cell phones. Capricorn acquired a 25% stake in these companies in June 2006. |
| |
| Toolquip |
| Toolquip is a large distributor of industrial tools and equipment. Capricorn funded a black empowerment investment by African Revival into Toolquip in April 2007, and at the same time acquired a 25% stake in the business. |
| |
| Izwe Loans |
| Izwe Loans is a micro-lender focussed on home improvement loans. Capricorn acquired a 22.5% shareholding in Izwe Loans in May 2007. |
| |
| SA Motor Loans (“SAML”) |
| SAML is a motor vehicle finance provider with a nationwide sales force focussed on independent dealers. Capricorn acquired a 25% stake in Paleo Holdings, the holding company of SAML, in July 2007. |
