Professional Indemnity Insurance Finance (PIIF)

Robert Hulse

Sept 2010

PII | Syscap Overview

•Syscap is the UK’s leading independent ICT finance provider. We provide tailored finance solutions to help

organisations of all sizes and sectors acquire the technology they need.

•Founded in 1990, Syscap now employs 70 people across the UK and has projected annual revenues for FY11

>£120m

•Syscap originates lease transactions in partnership with approved IT vendors and direct to professional services

public sector, and commercial customers.

•Leading UK Private equity firm AnaCap Financial Partners acquired a majority stake in Syscap in August 2006 and

works closely with Syscap’s management team.

•Syscap has achieved many third party accolades including Investors In People status, South London Business

Awards Company of the Year 2008, Orange Award for Bright Business.

•The company sponsors and promotes The Syscap Foundation, a charitable fundraising project for a variety of good

causes with specific focus on providing IT access for under-privileged children.

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PII | About AnaCap

•Syscap is the UK’s leading independent IT finance provider. We provide tailored finance solutions to help

organisations of all sizes and sectors acquire the technology they need.

•AnaCap Financial Partners is a dedicated European financial services private equity investor established in late

2005

•Currently AnaCap manages funds in excess of £2.0bn across two funds and 6 portfolio companies

•AnaCap actively invests in European financial services organisations

•Acquisitions in the last 15 months include 2 deposit-taking banks and an invoice discounting business; another bank

acquisition is ongoing

•http://www.anacapfp.com

PII | Syscap Professions

• Legal, Accountants, Architects, Chiropractors, Dental, Medical, Opticians, Surveyors, Vets.

• Professional equipment and Practice Loans.

• Official finance partner to ICAEW.

• Bar Council of England affinity programme.

• Financial Products – Lease, Loan, HP and Professions’ Interim Finance Facility (PIFF).

• Loans utilised for a wide variety of purposes including: indemnity insurance, disbursements/WIP funding, buy-in/buy-out, tax/VAT, case acquisition/fee blocks, practice expansion and/or refurbishment, vehicle sourcing and finance.

• Launched a new £50m line for Professions VAT funding in January 2010.

• http//www.syscap.com/professions

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PII | Professions Client Overview

Clients

Definitions

• “Live” - client has an agreement with us in the primary period.

• “Lapsed” – client has previously had an agreement which has now expired.

• “Prospect” – contact data available for marketing and canvassing.

Clients

Partners - Solicitors

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Live Lapsed Prospect Total

Solicitors 2,649 1,392 5,353 9,394

Barristers 34 55 152 241

Chambers 18 16 266 300

Accountants 609 714 2,674 3,997

Total 3,310 2,177 8,445 13,932

3,310

2,177

8,445

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Live Lapsed Prospect

PII | Syscap Value Proposition

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• A specialist funder focusing on the Professions market in the UK.

• Intimate understanding of the legal sector with 20 years experience in the market.

• Comprehensive understanding of Short-Term Professions funding <13 months

• Non competitive.

• Nationwide sales and distribution capability based from our offices in London & Manchester.

• Low-cost Origination strategy underpinned by an operationally efficient, low-touch process, which utilises real-time web-based tools and online document processing.

• White label PII finance offering partner brand

PII | Syscap Proposition

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PII | On-line Finance Portal

PII | Benefits Summary

PII | Summary

•Syscap – a leading independent finance provider established in 1990 and backed by AnaCap Financial Partners, a

progressive financial services based investment business.

•Professions speciality – a specialist focus on the Professions market sector with a large installed base of 3 – 20

partner practices.

•Partnership with - maximising on mutual strengths in the 3 – 20 partner practice market, offering an operationally

efficient while label financing programme.

•Driving incremental financing volume beyond the current £14m penetration level and enjoying increased rewards.

•Low cost origination strategy designed to be operationally efficient, delivered through an online web-based solution

and supported by high-profile marketing effort across multiple channels.

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PII | Contact Details

Robert Hulse

Head of Professions

Syscap Ltd

Wimbledon Bridge House

1 Hartfield Rd

London

SW19 3RU

DDI : 01606 338026

Email ; rhulse@syscap.com

Web : www.syscap.com

Web : www.optionone.syscap.com