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Investors Appoint AlixPartners to Oversee Separation of Abraaj Growth Markets Health Fund from Abraaj Group

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Investors in the Abraaj Growth Markets Health Fund ("AGHF" or "the
Fund") have today underlined their strong commitment to AGHF by
announcing the appointment of global consulting firm, AlixPartners, to
oversee the separation of AGHF from the Abraaj Group to ensure the long
term success of the Fund in delivering accessible, affordable and
quality healthcare in developing countries.

AGHF is a US$1 billion investment fund with a mandate to provide
affordable, high-quality healthcare to under-served low and
middle-income patients throughout Sub-Saharan Africa and South Asia,
with performance measured by both financial returns and development
impact metrics. The Fund is now in the process of separating from the
Abraaj Group to ensure continuity and build a stable platform for the
future.

The recently announced appointment of provisional liquidators over
Abraaj Holdings and Abraaj Investment Management Limited ("AIML"), the
investment manager of the Fund, does not impact the day to day
operations of the Fund's portfolio. AlixPartners is now working
alongside the Fund's senior operational team and the provisional
liquidators of AIML and supporting the search for a permanent
replacement investment manager to manage the Fund and continue its vital
work.

Simon Appell from AlixPartners commented:

"The Abraaj Growth Markets Health Fund is helping to deliver accessible,
affordable and quality care for low and middle-income people in 10 of
the largest cities in Sub Saharan Africa and South Asia, and we want to
see that continue. We're working with the Fund's investors, its senior
operational team and the provisional liquidators as part of ongoing
discussions with several potential replacement managers for the Fund who
will continue to support its investee businesses.

"We are delighted that investors continue to support and finance the
Fund as it goes through this transition and thank management, portfolio
company founders, and advisors for their assistance and support of the
Fund's mission."

Investors in the Fund include the Bill & Melinda Gates Foundation, CDC
Group plc, International Finance Corporation, Medtronic, OPIC, Philips,
and Proparco.

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About Abraaj Growth Markets Health Fund

The Abraaj Growth Markets Health Fund believes in the power of private
capital to bring solutions to some of the world's most pressing
challenges. Delivering accessible, affordable and quality care is the
centrepiece of our healthcare strategy. The Fund is measured by both
financial returns and impact metrics and is firmly targeted at
Sustainable Development Goal 3, to bring healthy lives to the
communities it serves.

Partnering with NGOs, industry and governments our aim is to transform
healthcare delivery systems for low and middle-income segments of the
population in 10 of the largest cities in Sub Saharan Africa and South
Asia.

To date the Fund has ownership interests in 26 hospitals, 17 clinics and
32 diagnostics centres in India, Pakistan and Kenya and is in the
process of entering the market in Nigeria.

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