Equity Ventures Ltd.         Expansion Capital Model 2006   Project:   Date: Time:  
         
  DEAL         PROFIT & LOSS A/C       CASH      
  Investor A         Yr 1 Yr 2 Yr 3     Yr 1 Yr 2 Yr 3  
  Investor B       Year end: 2007 2008 2009     2007 2008 2009  
  Investor C       Sales   PBIT  
  TOTAL New cash to company   PBIT   Other P&L  
          Other P&L   Depn  
      Base Variation   Int:O/D   Capex (-)  
      Equity Equity   Int: Bank   Stocks  
  Ords-Mgt 0   Int: VC   Debtors  
  Ords-VC   PBT   Creditors  
    100.0% 100.0%   Tax   Other Crs.  
  Prefs-VC       Pref Div - VC   Tax paid  
  VC loan  Subordinated to bank   Ord Div - VC   CFADS  
  Total       Profit ret'd   Int:O/D  
            Int:term  
            RATIOS Yr 1 Yr 2 Yr 3   Bank loan  
    2007 2008 2009   Free Cash  
  RATES Yr 1 Yr 2 Yr 3   PBIT margin   Int: VC  
    2007 2008 2009   PBIT/Bank/OD   Divs: Pref  
  Bank/OD   CFADS Bank   Divs: Ords  
  VC int   Stock days   Net  Flow  
  Pref div   Debtor days  
  Tax rate   Creditor days   Copyright 2006:   Equity Ventures Limited  
 
  For venture capital and corporate finance advice call David Tallboys     Email: david@equityventures.co.uk  
  Equity Ventures Limited,  23 Berkeley Square,  London,   W1J 6HE.         Tel: 0207 665 6611 Internet: www.equityventures.co.uk  
 
  DEAL RATIOS       BALANCE SHEETS         Yr 1 Yr 2 Yr 3  
  Last 12 months sales pre-deal     Pre-deal Deal Opening   Post deal 2007 2008 2009  
  Last 12 months PBIT pre-deal   F.Assets 0