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Icos Capital announces first closing of a cleantech fund

Badhoevedorp: 27-9-2010

Icos Capital announces first closing of a cleantech fund in partnership with BAM, CSM, Imtech and
Delft University of Technology (DUT)

Icos Capital, the specialist cleantech investor in the Netherlands, and a consortium of listed Dutch
industrial corporations - Royal BAM Group, CSM and Imtech - and Delft University of Technology
(DUT) have established a new investment fund to invest in innovative cleantech start-ups.

The Icos Cleantech Early Stage Fund II (ICF II) is primarily on unique & proprietary technologies that
address scarcity of resources and climate change issues. The Icos Cleantech Early Stage Fund II (ICF II)
will invest up to EUR 2.5 million per opportunity in 10 high growth start-ups in the area of energy,
food, water, recycling and construction.

The Fund is managed by Icos Capital Management B.V., an independent Dutch cleantech investor led
by partners Nityen Lal, Peter van Gelderen and Fred van Efferink. Together they combine years of
industry experience with proven cleantech investment track record. This experience is substantiated
with involvement of leading CEOs Daan den Ouden, Ger Spruijtenburg and John Gardner as Industry
Partners who have decades of experience in building major European corporations.

The Fund is the successor of Icos Cleantech Fund I (“ICF I”) invested in strategic partnership with CSM
and Imtech, both prominent players in the cleantech arena. ICF I, with annual deal flow exceeding
300, has invested in several high profile technology start-ups including Dutch Rainmaker and Biaqua
with water technology propositions and I-res, Ensartech and Resteel with material, energy recovery
technology propositions.

Both funds – ICF I and ICF II - are also ranked #1 for Technopartner loan of 2006 and 2010 in a
competitive tender setup by the Dutch Ministry of Economic Affairs and adjudicated by panel of top
entrepreneurs and experienced fund managers.

Nityen Lal, Managing Director of Icos Capital: “The unique partnership with major cleantech
corporations like BAM, CSM, Imtech and DUT delivers unparalleled support in sourcing, screening
and growing innovative start-ups into internationally successful cleantech companies. ”

Nico de Vries, chairman of the Executive Board of Royal BAM Group: “Sustainability and the
development of innovative sustainable solutions are a major priority for our business. Our decision to
join ICF II is complementary to our strategy to work with innovative technologies. We expect our
involvement in ICF II to broaden our understanding of the clean technologies spectrum and intensify
our activities in this direction. “

Gerard Hoetmer, CEO CSM: “CSM is committed to consistently seek innovative new technologies to
enhance the (nutritional) value of our products while addressing key objectives of people – planet –
profit. With our involvement in ICF II, we will further broaden our technology horizon by tapping into
breakthrough technological innovations across our business spectrum.”

René van der Bruggen, CEO Imtech: “Our participation in ICF I has helped us keep pace with
innovations of strategic importance to our business. We are also involved in implementation of some
of these pioneering projects. Besides strong financial returns targeted by the fund, this dual activity
of being involved strategically and in implementations has delivered concrete orders and strategic
insight on breakthrough new cleantech innovations. This experience enables us to be more effective
in delivering competitive solutions to our customers especially in energy markets.”

Website & mailadress: ,

For information you can contact:

N. Lal, Managing Director Icos Capital, +31 20 45 30777

Pieter Koenders, Manager Corporate Communications Imtech, +31 655 74 65 85

Eva Lindner, Director Corporate Communication CSM, +31 20 59 06320

Arno Pronk, Koninklijke BAM Groep NV, + 31 30 659 86 21

Publisher Contact Information:

Icos Capital
+31 20 45 30777

Company profile of Icos Capital
Past press releases of Icos Capital.


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