Reservoir Capital

Reservoir Capital Group was founded in 1998 based upon the belief that patient capital and a flexible investment mandate are competitive advantages in the pursuit of superior, asymmetric risk-adjusted terms. It is a privately held investment firm with an opportunistic 'hybrid' investment approach. These investment opportunities are found in out of favor areas experiencing fundamental change and/or scarcity of capital. They invest directly in public securities and private investments, as well as in partnership with investment teams through the creation of hedge funds and private equity firms in which Reservoir is an owner. Reservoir's opportunistic investment funds currently have over $2.8 billion under management.

Reservoir Capital Group's pr/incipals are Daniel Stern and Craig Huff. They were formerly partners at Ziff Brothers Investments, a New York based family investment firm, and have worked together as a team for more than 13 years.

www.reservoircap.com

We believe that cost-effective electricity, fuel source diversification and environmental
stewardship are all key elements of a socially responsible international energy company.