For immediate release June Investec backs NBGI Private Equity in by kerryisalano

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									For immediate release 18 June 2008

Investec backs NBGI Private Equity in £16m Rock Asphalte MBO Investec Growth & Acquisition Finance (‘Investec’) has provided NBGI Private Equity (‘NBGI PE’) with a £10 million package of senior debt and mezzanine finance to back the £16m MBO of Rock Asphalte (‘Rock’), the UK’s leading specialist roofing and structural waterproofing provider. Founded over thirty years ago, Rock operates from offices in London and has manufacturing facilities in Bedfordshire. Rock installs mastic asphalt, hot melt and single ply roofing systems and structural waterproofing for vehicle decks and car parks. Following the MBO, John Walsh will continue as MD, supported by Andrew Wood, who moves into a full time role as Finance Director, and a senior operational management team with vast experience in the sector. Lawrence Dean of NBGI PE will be joining the Board of Rock Group Holdings Limited. James Stirling, who led the Investec team, commented: "We are very pleased to have partnered with NBGI once again in supporting a high-calibre, incumbent management team. We believe that Rock's reputation for a high-quality service offering, coupled with the depth of experience that exists within the business, means that it is ideally positioned to achieve underlying growth despite potentially tougher times for the construction sector." Rock has grown rapidly and is expected to continue outperforming the market as it diversifies further into non-asphalt roofing solutions and capitalises on its environmental credentials and expertise in green roofs and on-site water management. Despite the current economic climate Rock continues to perform strongly with projects across the UK in the commercial sector and sees excellent prospects in the coming years from its expertise in large roofing and waterproofing projects, particularly in urban regeneration schemes, education, the Olympics, and overseas opportunities.

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Notes to editors: For further information please contact: Investec Private Bank James Stirling Helen Park-Weir Citigate Dewe Rogerson Alistair Kellie Georgiana Varey Toby Mitchenall 020 7597 4119 020 7597 4208 020 7638 9571

NOTES TO EDITORS: Growth & Acquisition Finance is a division of Investec Private Bank. It provides entrepreneurs, management teams and private equity houses with asset based lending, mezzanine finance and minority equity investment. The division offers flexible and bespoke finance for implementing acquisition and organic growth strategies to mid-market companies with a funding requirement of £425 million. Investec Private Bank is part of the Investec Group which operates out of London, the Channel Islands, Switzerland, Ireland, South Africa and Australia, offering both onshore and offshore services. Investec Private Bank’s focus is on six core activities: Growth & Acquisition Finance, Banking Services, Specialised Lending, Structured Property Finance, Wealth Management and Trust and Fiduciary services. Investec Private Bank is a division of Investec Bank (UK) Limited, which is authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange. This press release is issued on behalf of Investec Bank (UK) Limited. Registered address: 2 Gresham Street, London, EC2V 7QP. (Reg No. 489604) To find out more about Investec Private Bank’s range of products and services, please log onto www.investecprivatebank.co.uk

NBGI Private Equity (www.nbgipe.co.uk) • NBGI Private Equity ("NBGIPE") launched in June 2000 with a particular focus on investments in established businesses in the UK or Ireland; NBGIPE’s first fund has been exceptionally successful with more than half the investments exited at an average IRR of 65% p.a. and a money multiple of 6.7 times; The second fund of £100million has recently been secured and Rock Asphalte is the third investment out of this fund; NBGIPE typically provides equity funding of £5m to £50m, principally for buy-outs (management buy-outs, buy-ins and institution led buy-outs) and development capital;

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The NBGIPE investment team is deliberately top heavy and all members have managerial experience in industry prior to their extensive experience in private equity. Their approach is commercial, focusing on the key business issues to ensure a rapid response to investment opportunities and an efficient process through to completion. The company’s Investment Committee comprises its four executive directors, allowing it to deliver promptly on these rapid, informed decisions; NBGIPE sees its role as a partnership with its investee companies, to back up and add to the judgment of management with its strength of resources, both human and financial;

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