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Investments Based on Risk   Adjusted Profitability

Private Equity INVESTMENTS               MULTINATIONAL INDUSTRIAL FUND   (MIF II)           DIVESTMENTS                 FONDO DE CAPITAL DE RIESGO PARA LA PEQUEÑA Y MEDIANA EMPRESA AUXILIAR DEL SECTOR TURISMO (PYMEX)     MULTINATIONAL INDUSTRIAL FUND   (MIF I)         THE BARING MEXICO PRIVATE EQUITY FUND, L.P.