SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund III. LP It is intended that the Investment Committee will initially consist of Charles Smith. Carlo Pirzio-Biroli. Chi Cheung. Adam Graev and Francesco Rigamonti (biographies above) together with another senior independent member of the DB PE team. Andreas Schmidt. Andreas Schmidt, Managing Director, Head of Primary Private Equity Investing ■ Based in Cologne. Andreas Schmidt leads DB PE's primary private equity investment team globally and is a member of DB PE's executive committee and global investment committee. He is also a member of the investor advisory boards of several private equity funds. ■ From 2006 to 2008. Andreas worked as an investment professional for CAM Private Equity in Cologne. Prior to this he was a management consultant at the Boston Consulting Group advising German and international firms on asset management issues as well as international private equity funds on strategic due diligence of German firms. ■ Andreas started his professional career as assistant to the management board of Gelling Group and subsequently assumed responsibility for its private equity investments as investment manager. ■ Education: business engineering at the University of Karlsruhe (TH). Confrdenbal Private Placement Memorandurn 48 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0108843 CONFIDENTIAL SDNY_GM_00255027 EFTA01451974