MOMENTUM INVESTMENT GROUP

The Momentum Investment Group is professional venture capital fund manager. The first fund under management, Momentum Ventures, is a $30 million fund based in Melbourne, Australia. This Fund: •Invests in companies with high growth potential based on the commercialisation of Australian research and development. •Is one of eight funds to be awarded a licence by Australia's Federal Government under the Innovation Investment Fund ("IIF") Program. As a result, the Government is investing A$20m in Momentum, with private investors, led by the international investment bank, Babcock & Brown, investing the remaining A$10m. •Seeks to establish mutually beneficial, wealth creating partnerships with highly innovative Australian entrepreneurs. •As at March 2001 is 80% committed.