CAPASIA INVESTS IN WIND PARKS IN PAKISTAN

KUALA LUMPUR, March 21 (Bernama) -- CapAsia, a private equity fund jointly
set up by CIMB Group and Standard Bank Group, has signed a participation
agreement to provide US$20.5 million (US$1=RM3.01) in equity capital to two wind
parks in Pakistan.

The equity fund, which specialises in mid-capitalised infrastructure
investments in South-East Asia and Central Asia, has signed the agreement via
its Islamic Infrastructure Fund (IIF).

The IIF, managed by CapAsia, is a US$262 million private equity
infrastructure fund that is jointly sponsored by the Islamic Development Bank
and the Asian Development Bank.

In a statement Monday, CapAsia chief executive officer, Dr Johan Bastin,
said the wind park projects were important investments for IIF.

"Pakistan is in one of the fund’s core target geographies and renewable
energy is a priority investment sector for CapAsia," he said.

The two wind parks are currently being developed in the Sindh province in
south-east Pakistan under the sponsorship of the Fauji Foundation, Fauji
Fertilizer Bin Qasim and the Tapal Group.
The construction of the parks is expected to start in November this year and
be completed in March 2013.

Since its inception in 2006, CapAsia’s assets under management has grown to
approximately US$500 million.

It currently manages three main funds – South-East Asian Strategic Assets
Fund, IIF and the Asia Infrastructure Fund.