Excelsior Capital Advisors, Llc

Excelsior Capital Asia ("Excelsior"), established in 1998, is a Hong Kong-based direct investment firm which invests in companies throughout Asia. Excelsior currently manages Capital Z Asia Partners II, L.P. ("Fund II") with commitments of US$172 million and Excelsior Capital Asia Partners III, L.P. ("Fund III") with commitments of US$200 million. Capital Z Asia Partners, L.P. ("Fund I") with commitments of US$61 million, was fully realized in 2004. Excelsior has also arranged approximately US$180 million of co-investment opportunities for Limited Partners and other co-investors alongside the Fund investments. Fund investors include global insurance companies, pension funds, financial institutions and prominent family endowments.