‘Season’s Greetings’ from the YFM Venture Finance Team www.southwestventuresfund.co.uk ISSUE 02

Giles Clarke Joins the TeamLeading entrepreneur Giles Clarke has been appointed as Non-Executive Chairman of the South West Ventures Fund. Giles brings considerable business experience having been founder of Majestic Wines and Pet City. He is also currently Chairman of ALT Telecom and Somerset CCC. He said: “I believe the South West Ventures Fund can make a real impact on the success of individual companies and this will have a positive knock-on effect for the region as a whole.”

Support for Workflow Technology Product A specialist, IT-led conveyancing product created by Swindon-based Ochresoft Technologies is to benefit from focused marketing and further development following a £250,000 investment from the South West Ventures Fund. Ochresoft Technologies’ existing product (ICON) is a fully developed conveyancing workflow application that improves both the efficiency and risk exposure of law firms. Clive McCafferty, CEO at Ochresoft Technologies commented: “This additional funding will help us grow our customer base in the legal market sector. We are also hoping to extend the range of applications available on Intelliworks to include wills and probate, re-mortgage and personal injury.” Simon Griffiths, Senior Investment Manager with South West Ventures Fund, said: “This is a great opportunity to support an experienced team that has plugged a gap in a specialist market with a product that offers the end user substantial benefits.” Investment in Nanoparticle Analysis CompanySouth West Ventures Fund has provided funding to a specialist nanoparticle analysis company, Nanosight. SWVF invested alongside Strathdon Investments in a £500,000 financing. Based in Salisbury, Nanosight offers world-beating technology in the optical detection and real time analysis of nanoparticles and molecular structures. Nanoparticle analysis is used across a broad range of industries including electronics, biotech, cosmetics and energy.

STOP PRESS - Double Award WIN for YFM Group The YFM Group is delighted to announce that it won two awards at the 2005 Investor AllStars Venture Capital Awards held in November at the Royal Lancaster Hotel in London. This was a “must attend” event for investors that operate in the venture capital community and recognises the key successes in the industry, both over the past twelve months and beyond. The Outstanding Contribution award was won by YFM’s Philip Cammerman and The Capital Fund scooped the award for the Regional Venture Capital Fund of the Year.

For further information please contact the YFM Venture Finance team Peter Davies, Simon Griffiths or John Baker

Disclaimer The South West Ventures Fund is managed by YFM Venture Finance Limited, part of the YFM Group. YFM Venture Finance Limited is authorised and regulated by the Financial Services Authority. Trading names used in the past by the Bristol office include South West Ventures, Yorkshire Venture Finance and Yorkshire Fund Managers. Whilst YFM Venture Finance has taken all reasonable steps to ensure that the information contained within these pages is accurate and up-to-date, no liability can be accepted for any error or omissions appearing in this site. If you are in any doubt as to the validity of information made available within these pages, or if you wish to rely on this information, then it may be in your best interests to seek verification by contacting us.