Acquisition of Everest Limited

BETTER CAPITAL PCC LIMITED 2012 Cell 28 March 2012

Better Capital PCC Limited (the "Company") is pleased to report that BECAP12 Fund LP (the "2012 Fund") has completed its first acquisition.

The Company has today been informed of the acquisition of Everest Limited ("Everest") and its subsidiary companies by a special purpose vehicle ultimately majority owned by the Fund. It has taken a 95% stake, with 5% being retained by certain former funders.

Everest is a leading consumer brand in the manufacture, installation and supply of PVCu and aluminium windows and doors, conservatories, roofline products, garage doors, security systems, kitchens, driveways and other home improvement products.

Everest Limited's audited revenues for the year to 31 October 2010 were £173 million. Since the date of the last audited accounts trading has been difficult.

The 2012 Fund has committed £25 million to finance the acquisition and to fund the working capital and restructuring requirements.

This investment opportunity was allocated to the 2012 Fund, in which the Company's 2012 Cell is invested, in light of the level of investment required relative to the uncommitted funds available to BECAP Fund LP in which the Company's 2009 Cell is invested.

Enquiries:

Better Capital PCC Limited +44 (0)1481 716 000

Mark Huntley (Director)

Laurence McNairn (Administrator and Company Secretary)

Better Capital LLP +44 (0)20 7440 0840

Jon Moulton (Chairman)

Nick Sanders (Head of Portfolio)