TVC Holdings plc's objective is to achieve capital appreciation through both working actively with its current portfolio of investments in order to maximise their value and identifying new investment opportunities across a more diversified range of business sectors, principally in Ireland and the UK. TVC Holdings plc has extensive investment experience and the Company will leverage the proven strengths of its investment team to maintain its focus on capital appreciation.

The Directors expect to focus TVC Holdings plc's further investments primarily on companies which can become consolidators in their sectors, have experienced management teams and significant growth potential.

Other characteristics which the Directors expect to place emphasis on in making investment decisions are the existence of sustainable competitive advantage and an international business focus. The Directors also expect to leverage the team's investment expertise by leading investment syndicates in larger transactions.

The Directors expect that there will be further emphasis on assisting the current portfolio companies to grow by acquisition in order to optimise their potential for further growth. In addition, the Directors believe that there are opportunities in the technology sector, such as buy and build, management buy-outs and restructurings.

TVC Holdings plc expects to make significant investments outside of the technology sector and may also consider acquisitions of assets such as private equity management companies' portfolios of investments and limited partner interests.