J. P. Morgan 1.P. Morgan invites you to participate in a conference call for Existing Investors of Apax Europe VII-B, L.P. To date, Apax Europe VII-B, L.P. ("Fund VII") has committed €10.0 billion, or 89% of its capital, across 29 investments throughout Europe, North America, Asia and Latin America. Through its international presence and European network, Apax has taken advantage of the most attractive opportunities globally. Fund VIPs portfolio companies are representative of the team's deep industry insights and proprietary deal sourcing capabilities across five core sectors: Retail & Consumer, Media, Tech & Telecom, Healthcare, and Financial & Business Services. Additionally, during the conference call, we invite you to learn about Apax VIII Apax is targeting commitments of €9 billion for Apax VIII ("Fund VIII"), its current global buyout offering. Fund VIII will seek to continue Apax's strategy of investing globally in strong growth companies. Fund VIII will focus on companies with enterprise values of between €1-5 billion across its five core sectors. Hosted by Mitch Truwit, Partner and Co-Head of the Financial & Business Services Team David Kim, Co-Head of Investor Relations Date: Tuesday, February 5, 2013 Time: 11:00am NY/ 4:00pm London Call-in Numbers: Within the V.S.: Outside the U.S.: Hong Kong: Singapore: Passcode: APAX To view the slides associated with this presentation, copy and paste the following URL into your Internet browser: Event password: apax The Conference Call will be replayed through March 5, 2013 Within the U.S.: Outside the U.S.: Hong Kong: Singapore: Passcode: 92893103 Please contact your 1.P. Morgan representative if you have any questions. This invitation is confidential and intended solely for the use of LP. Morgan professionals and the clients/prospects to whom it has been delivered. It is not to be reproduced or distributed to any other person except to the client's professional advisors. Private investments are subject to special risks and individuols must meet specific suitability standards before investing. This information does not constitute an offer to sell or a solicitation of an offer to buy the interests of A00% All. Na offering of interests of Fund VW maybe made by any literature, advertising or document in whatever form other thon the confrdentiol private placement memorandum. As a reminder, hedge funds (or funds of hedge funds), private equity funds, teal estate funds and the like: Often engage in leveraging and other speculative investment practices that may increase the risk of investment loss; Can be highly illiquid; Are not requited to provide penadic pricing or valuation information to investors; May involve complex tax structures and delays in distributing important tax information; Are not subject to the same regulatory requirements as mutual funds; and often charge high fees. Further, any number of conflicts of interest may exist in the context of the management and/or operation of any such fund. For complete information, please refer to the applicable offering memorandum. Secutiries ore made available through LP. Morgan Securities LLC Member FINRA, NYSE and SIPC and its broker-dealer affiliates. Investment Products: -Not FDIC Insured -No Bank Guarantee -May Lose Value EFTA01137514