Investment Opportunity in True North Fund VII

Opportunity in Private Equity $ +A Opportunity Access to Large pool of unlisted companies across emerging/ growth sectors Q Value Creation Outcomes Pick the right sub-sector $ Delta v/s public markets: Delivers material alpha Key Risk: Illiquidity PE investments comparable in size to Public markets Ability to transform: Get the right team & strategy Confidential Copyrights Reserved © Participate in a control / influential minority investment Build the right Board & Governance framework LOW Private Equity (PE) v/s VCs: Runs lower risk 3 truenorth 0 For ICICI Securities Clients Only

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