Palmer Capital: "Romania, one of the most attractive markets in the region"

Reporter: What are the reasons behind the regular trades with Prospectiuni SA shares since October 2013 until current date?

Peter H.J. Mars: Prospectiuni SA is part of Palmer Capital Emerging Europe Equity Fund N.V.'s portfolio. We are pleased to see that the company's operational performance in the last couple of years has followed an upward trend, a trend which was sustained by an expansion strategy at international level and consolidation on internal market.

Additionally, Prospectiuni SA has created all prerequisites required for its development and maximisation of growth potential by making important investments in equipment and technology and by putting a lot of effort in personnel training and education.

The recent transactions of Palmer Capital Emerging Europe Equity Fund N.V. are only part of realignment to the new strategy in place and were due to compliance reasons. In other words, the stake was in percentage too large in total portfolio, but Palmer Capital believes that Prospectiuni is an undervalued company with a strong upside potential and will keep its investment in the company as it should benefit from the booming gas and oil sector and the excellent management.

Reporter: What are the intentions of Palmer Capital concerning the involvement in Prospectiuni SA? What is the percentage that Palmer Capital has in Prospectiuni?

Peter H.J. Mars: Since our initial investment date, Prospectiuni SA has surpassed successfully through a change and development process, which has made us confident both in the management skills and capabilities but also on the future perspective of the company. This means that Palmer Capital will remain invested in Prospectiuni. The stake is between 3 and 5%.

Reporter: What are the intentions of Palmer Capital concerning the activity in Romania?

Peter H.J. Mars: We consider Romania to be among the most attractive markets in the CEE region, with an important growth potential. Additionally, to the current portfolio in Romania and more than 10 years expertise on local markets across the CEE region, Palmer Capital has over 20 years of international real estate experience in fund and asset management and also a performance track record in portfolio restructuring and optimization for private and institutional investors. Palmer Capital is seeking to expand into the Romania Real Estate Fund and Asset Management market and is open for interesting proposals.

Reporter: What are the medium and long-term plans for supporting the company's activity both in Romania and the rest of Europe?

Peter H.J. Mars: The strategic vision of Palmer Capital is to become the real estate fund manager of choice and strategic real estate advisor for foreign private and institutional investors into European market.