Dubai International Capital appoints Alykhan Nathoo as CEO of Emerging Markets

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Co-founding partner of Bain Capital to expand DICDIC's portfolio in emerging markets
Dubai International Capital LLCDubai International Capital LLC ('DICDIC') today announces that it has appointed Alykhan Nathoo as Chief Executive Officer of DIC Emerging Markets. Alykhan joins DICDIC on November 2^nd and will be based in Dubai.

DICDIC invests through three divisions - Private Equity, Public Equities and Emerging Markets ('EM') - managing assets in excess of $13 billion. The appointment of Alykhan is part of DICDIC's strategy to increase emerging markets exposure and balance its international portfolio. He will be responsible for spearheading direct investments in emerging markets and managing the growth plans of the existing EM portfolio, which includes significant stakes in Rivoli and KEFKEF in the UAE, True Group in Singapore and DICDIC's country specific funds: Jordan Dubai Capital and Saudi Dubai Capital.

Alykhan joins DICDIC from Bain Capital in London, one of the largest global private equity firms, where has worked for over nine years. He was part of the founding team of Bain Capital Europe and played a significant role in the firm's European entry strategy and organizational development. Most recently, he led the $1.7 billion global acquisition of Ideal Standard Bath & Kitchen from American Standard. Alykhan spent 18 years growing up in Africa and is of Indian descent, providing an ideal background for his DICDIC role. Alykhan obtained his BA in Quantitative Economics with Distinction from Stanford University and MBA from Harvard Business School, where he was a Baker Scholar.

Sameer Al Ansari, Executive Chairman and CEO of DICDIC said: "We are focused on the continual strengthening and upgrading of the DICDIC team, ensuring we have world class leadership and investment professionals. Alykhan's appointment as CEO of Emerging Markets and his vision for the business is an important step in expanding DICDIC's emerging markets portfolio."

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About Dubai International Capital LLCDubai International Capital LLC:
Established in 2004, DICDIC is an international investment company with offices in Dubai and London focused on both private equity and public equity. A wholly-owned subsidiary of Dubai Holding, DICDIC manages an international portfolio of diverse assets that provide its stakeholders with value growth, diversification, and strategic investments. Assets under management total over US$13 billion. DICDIC focuses on three asset classes:

DICDIC Private Equity: invests mainly in secondary buyouts in developed markets where it backs strong existing management teams over a medium to long time horizon. DICDIC PE has acquired businesses in a range of sectors in Europe and North America including:

UK leisure company Tussauds Group for £800m (later merged with Merlin Entertainment Group to create the world's second largest visitor attractions; DICDIC retains a 20% stake)

UK engineering company Doncasters for £700m

US engineering company FastenTech for $492m (later merged Doncasters with Fastentech creating world leader in turbine manufacture)

UK hotel chain Travelodge for £675m,

UK healthcare company Alliance Medical for £600m

German producer of specialty alumina Almatis for US$ 1.2 billion

DICDIC Global Equities: makes structured investments in large-cap, Fortune 500 global equities, that are forecast to deliver above average returns over the long term, either directly or via DICDIC's US$2 billion Global Strategic Equities Fund (GSEF). The GSEF has acquired substantial stakes in HSBC, EADS, and Sony Corporation. DICDIC has also directly invested in the Indian financial services firm ICICI Bank (2.96%) and Och-Ziff (9.9%) an alternative asset management firm based in New York.

DIC Emerging Markets: invests in a range of asset classes in emerging markets.

Equity investments: include significant stakes in the UAE-based luxury retailer Rivoli Group and Singapore-based True Group, a leading provider of wellness services in South East Asia, KEFKEF Holding a UAE based manufacturer of steel castings and valves, in addition to a US$200 million investment in Oger Telecom, a leading regional telecom conglomerate.

Sector / country-specific investment funds: US$150 million investment company bringing the Holiday Inn Express brand to the Middle East; the US$500 million MENA Infrastructure Fund, which invests in infrastructure projects in the Middle East and North Africa, and Jordan Dubai Capital, a US$300 million investment company that targets private equity opportunities in Jordan and most recently Saudi Dubai Capital, a US$1 billion fund that will target opportunities in the Kingdom of Saudi Arabia.

DICDIC was named MENA Private Equity Firm of the Year in the 6th annual Awards for Excellence in Private Equity Europe 2008, organised by Dow Jones Private Equity News.Information about Dubai International Capital LLCDubai International Capital LLC is available at: www.dubaiic.com.

For more information please contact:
Mark Lunn
Dubai International Capital LLC
Tel: +9714 362 1888
Email: mark.lunn@dubaiic.com

Alex Blake-Milton (UAE)
Brunswick for Dubai International Capital LLCDubai International Capital LLC
Tel: +971 50 694 7589
Tel:+9714 365 8263
Email: ablakemilton@brunswickgroup.com

Gill Ackers (Europe)
Tel:+44 20 7404 5959 (office)
Email: gackers@brunswickgroup.com

Fiona Mulcahy (Europe)
Tel+44 7515 18 7414 (mobile)
Tel:+44 20 7404 5959 (office)
Email: fmulcahy@brunswickgroup.com

© Press Release 2008