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Jasper Corporate Finance Limited Awarded License To Operate In DIFC

Date 01/09/2008

Jasper Capital Limited, a leading, London based corporate finance, asset management and consulting group with offices in Dubai, Abu Dhabi, Istanbul and New Delhi, announced today that its fully owned subsidiary, Jasper Corporate Finance Limited received a license from the Dubai Financial Services Authority (DFSA) to operate as an authorised firm in the Dubai International Financial Centre (DIFC). Jasper Corporate Finance Limited, headquartered in London, UK, has been regulated by the UK Financial Services Authority (FSA) since 2002.

Jasper Capital Limited provides financial advisory, asset management and consulting services dedicated to the needs of corporations, financial institutions and governments in the UK, US the Middle East and North Africa, Turkey and, more recently, in Asia.

Jasper Corporate Finance Limited will offer a full range of financial and corporate finance advisory services from its new DIFC branch and will focus on regional transactions including debt and equity raising, mergers and acquisitions, project finance, underwriting and corporate strategy. Jasper Capital Limited has been active in corporate finance and advisory globally and in the MENA region since 2002 and has advised on several high-profile mandates both in the GCC and greater MENA region. The new DIFC branch will serve both existing and new clients within the GCC region and will also act as gateway for its international client base to access the Middle East markets. The company will also work closely with its London based Jasper Asset Management arm, which recently launched the KTIC Jasper Asia Gulf Horizons Fund.

With its new license from DFSA, Jasper Corporate Finance Limited plans to further expand its presence in the region by building on its current relationships, strategic partnerships and long history in the region. The DFSA license gives Jasper a strategic base and a globally-benchmarked regulatory framework to provide its clients with world-class services.

Nasser Al Shaali, CEO of the DIFC Authority said: "With the rapid and sustained growth of the economy and the increasing sophistication of capital markets, there has been a huge growth in the demand for high-quality consultancy and financial advisory services in the region. This is an opportune time for global companies like Jasper Capital to invest in the development of their regional business. Establishing a base in DIFC will significantly enhance Jasper Capital's ability to expand its business in the Middle East."

Jasper Corporate Finance Limited will be run by its CEO, Jason Peers, who has well over twenty years of experience in investment banking, project finance and corporate advisory in the region. Peers views the DIFC office as an exciting and natural progression of the overall Jasper strategy, stating, "Dubai has become an important centre for the Jasper Capital Group and I am sure the establishment of this branch in DIFC will allow us to build on the quality of support we provide to our current Gulf and international clients and to develop new relationships more effectively." A strong team of corporate finance professionals led by Shahin Mansuri, currently Director and Head of Corporate Finance in Jasper's London business will move to the new branch.