Source: Silk Road Management                    Date: 14 April, 2011

Silk Road Management has received commitments of USD30 million for Mongolia Human Capital Fund, L.P., the first Mongolia-focused venture capital and private equity fund.  The Fund intends to pursue attractive investment opportunities in non-resource sectors in Mongolia. This successful result exceeds the original target of USD25 million as Silk Road Management has attracted strong investor interest from Asia, the Middle East, Kazakhstan and Russia.  These investors are primarily family offices and high net worth individuals.

"We are very pleased," stated Mr. Alisher Ali, Managing Partner of Silk Road Management.  "We are committed to bringing capital to early-stage, dynamically growing Mongolian companies and, at the same time, providing international investors with access to high growth sectors in Mongolia beyond mining and resources."

Mongolia Human Capital Fund, L.P. seeks industries where human capital is a key factor for the success of companies and therefore intends to back strong and innovative management teams capable of building businesses and unlocking significant shareholder value.  The Fund will pursue investment opportunities in such sectors as financial services, media, information technologies, health care, education, professional services and other human capital intensive industries.