NewSmith appoints Jun Miyazaki to head newly established Tokyo office

London, Wednesday, January 25, 2006

NewSmith Capital Partners announces today the appointment of Jun Miyazaki as Chief Executive Officer of its newly-established company in Japan.

Jun Miyazaki was formerly CEO of Gartmore Investment Japan Limited. He has worked in the Japanese securities and investment management industry since 1975, holding senior management positions at CSFB, Schroders and Smith New Court. Jun Miyazaki was a Member of the Board of Directors of the Tokyo Stock Exchange from 1997 until 1999.

Michael Marks, Chairman of NewSmith Capital Partners said, "We are delighted that Jun is joining us at this important point in our development. Japan is a significant market for us, with excellent growth opportunities."

Check Low, who heads NewSmith Capital Partners (Asia) said, "Jun's appointment means that NewSmith will deepen its investor base in one of the world's most important and vibrant capital markets. His experience, expertise and knowledge will be a vital component in NewSmith's continuing development, both regionally and globally."

Pending regulatory approval, NewSmith Capital Partners Japan Limited will focus initially on marketing NewSmith Asset Management strategies to Japanese institutional clients.

The Tokyo office is the fourth office location for the Firm, following London and Singapore in 2003 and Hong Kong in 2005.