Sunnyvale Geneva Helsinki New Delhi Beijing u u u u u

“

The premiere global growth investor in mobility

”

Nokia Growth Partners Overview

Global

• $250M fund + $100M fund of funds • Sunnyvale, Geneva, Helsinki, New Delhi, Beijing • Portfolio companies in 9 countries

Selected Portfolio Companies

Active

• Disciplined financial investor • Active, engaged, lead investors • Invest $5-15M for 5-20% stakes

d d

• Growth stage mobile companies • Prepared mind, thesis approach to investing • 8 investors with 125+ years experience

s s

2 © Nokia Growth Partners 2012 • Preferred growth stage mobile sector investor • Successful track record of IPO and M&A exits • Strong global TMT network

Global Engagement Model

America Europe Asia

• Deep technical, handset, and consumer expertise • Ideal partner for companies going global • Offer global distribution Advanced handsets across emerging & developed markets • #1 brand & wireless leader in Europe • Nokia brings scale, distribution & innovative insight • Ideal partner for apps, mobile services & advanced mobile features •#1 brand & wireless leader in Asia •Nokia brings scale & efficiency where this is critical to success •Applying best of breed ideas across all markets 3 © Nokia Growth Partners 2012

Global Engagement Model

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NGP Selected 25 Global Investments

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NGP Overview of Selected Exits

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Thesis Driven Investment Approach Working Closely to Build Ecosystem & Increase Partnering Success

Company Strategy & Partner Criteria NGP Investment Criteria

Advertising Mobile Enterprise Media & Entertainment Hardware & Components Location & Commerce

Theme Criteria

: new $1B+ opportunities; integral to mobile; 5+ investments globally in 3+ years

NGP Investment Criteria

: strong team, potential leader, 3x+ ROI potential, Nokia angle

Company/NGP Review

: joint sector analysis, target market segments, company assessment 7 © Nokia Growth Partners 2012

Thematic Investing in Action: Imaging Investing Across Imaging Value Chain Since 2006

• Bringing 3 trillion photos to life with Internet Markup Language • Invested in 2012; DX discussing Nokia first partnership • Making better images with software; shipped over 250M software licenses • Panorama (Nokia first outside Japan) keynote feature at Nokia World 2010 • Invested 2007; IPO in July ’11 • Wafer level optics for smaller, cheaper cameras; over 200M lenses shipped • NGP sponsored round in 2008 to save business; new CEO in 2010 • Invested 2006; Exit expected in 2013

Thesis

: disruptive opportunities as optics goes to silicon & cameras are central to phones “It has been a pleasure to cooperate with NGP over the years, the NGP team brings valuable insights and ideas for developing our future roadmap for camera and imaging.”

Juha Alakarhu

Head of Camera Technologies, Nokia SD 8 © Nokia Growth Partners 2012

Thematic Investing in Action: Location & Commerce Key Partnerships from 5 Years Investing in Location & Commerce

• Innovation at the intersection of local, commerce, advertising, social • Verve – local ads in U.S. (2010); D&Y, F&Y – local commerce in India (2011) • Verve a key SMB publishing partner for DXM in U.S.

• Leading online classifieds firms in China & India • Value migrating to local services; resource intensive plays • Invested 2009, 2010; • Ganji & Quikr key Local Commerce partners for Nokia • GPS & A-GPS chip technology • sold to Broadcom in 2007 at 1.6x cost Thesis: location is to mobile as search was for the Internet 9 © Nokia Growth Partners 2012

Investing in Industry Leaders

NGP Activities are Material Catalyst for Innovation at Nokia

• Companies are pioneers in NFC/payments, advertising, optics/cameras, UI input, LBS, security, mobile entertainment, cloud solutions & gaming • $1.3B cumulative revenues among portfolio companies

NGP Facilitates Nokia Partnerships

• 83% portfolio companies with active Nokia or NSN partnerships • 65% expanded Nokia relationships since NGP investment • 39% started Nokia relationships since NGP investment • 35% launched Nokia firsts following NGP investment

NGP Ancillary Benefits

• Window on ecosystem developments – spotted MTK & Android growth 1+ years early • Eyes & ears on venture & new technology developments © Nokia Growth Partners 2012 10

Investing in Industry Leaders

Advertising

#1 China mobile ad network Leading U.S. DSP Top 5 U.S. ad network #1 German offer service

Location & Commerce

#1 India ticketing site #1 India fashion site #2 Indian offers site #2 Indian travel site

Entertainment Location & Commerce

#1 India property by UVs #1 China classifieds site #1 Chinese mobile game site #1 India financial portal #1 India classifieds site #1 India yellow pages #1 Scandinavian movie Site & streaming tech U.S. Local mobile ads #1 global wafer level optics maker #1 global contactless cards #1 Indian private Co. in cloud services Leading U.S. power Management ICs #1 global contactless POS 11 © Nokia Growth Partners 2012

NGP Leveraged Ecosystem Impact

12 © Nokia Growth Partners 2012 Co-investing with wireless operators, network & hardware vendors

A Leader in Mobile, Devices and Internet

Enabler of local needs in emerging countries

Advancing the potential of mobile, components, and services

Investing in technologies to bring rocket science to display ad optimization Advancing wafer-scale micro optics in mobile components to transform the image sensor market Visualizing next-gen handsets. Acquired by Nuance

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Investment strategy overview

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Selected Mobile Opportunities: Smart Devices

Themes: User Experience, Power Efficiency, Simplification

Display & User Interface (Touch, Gesture, Power) Pico Projectors Camera (Sensor, Actuator, Optics, Coating) Video & image processing Power Amplifiers (less) Integrated and multi standard radio Battery Technologies Sensors & Algorithms 15 © Nokia Growth Partners 2012

Cross Thematic Opportunities

Opportunities Greatest at Intersection of Core Themes

Commerce Analytics Local Social Location Advertising Examples

: Groupon FourSquare Twitter

NGP Examples

: Ganji Quikr Zvents

Networking

16 © Nokia Growth Partners 2012

Payments

Cross Thematic Opportunities

Opportunities Greatest at Intersection of Core Themes

Messaging Virtual Goods Virtual Worlds Social Gaming Advertising Examples:

DeNA, Gree, Mixi TenCent Zynga MXit

NGP Examples:

SponsorPay

Networking

17 © Nokia Growth Partners 2012

Payments

Selected areas for review, high level commets

Pico Projectors Augmented Reality Imaging Natural UI Wireless Charging

Early still. Challenges with form factor, price, luminesense. Green laser seem to be the missing piece. Use case evident for consumer media sharing, video, photos.

Huge hype. Still early. Interesting potential, however, AR is a platform not a service in on itself. Use case not yet well understood. Impact on both hardware, software and application layers. Great opportunity for differentiation.

Very fragmented supply chain. Very few success stories. Many one off designs. Standardisation could have huge impact. Great opportunity for differentiation.

Very exciting area for innovation. Many early players. Combining new materials as well as electronics. Certain use cases maturing (voice, gesture). Great opportunity for differentiation.

bTendo, LightBlueOptics, Maradin, Lemoptix, Photodigm Augmento, Metaio, Total Immersion, Zenitum, Layar, Wikitude, Tonchidot, Kooaba Innanosys, Invisage, Pelikan Imaging, Heptagon, Cambridge Mechatronics, Invisage, Anteryon, DxO Labs Fogale, Canatu, Soundchip, Primesense Standard discussions settling. Few investable opportunities. Integration on device side happening. Ecosystem still missing.

Powermat, Powerkiss, Fulton Innovation, Wipower 18 © Nokia Growth Partners 2012

Team

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Global Team (Americas / Europe / Asia)

Our team provides guidance, ideas and seasoned entrepreneurial advice – always ready to do our share of heavy lifting as a partner.

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Global Team (Americas)

John Gardner Managing Partner • 20 years leading and managing investments and M&A transactions across the IT spectrum • Investments Paypal, Widerthan, Enpocket, Bitfone, MongoMusic • Previous experience Nokia Venture Partners, BlueRun Ventures, Nokia • University of Chicago MBA, University of Cincinnati College of Law, JD • Based in Menlo Park, California Annie Lin Senior Associate • Experience across mobile, software and services, and private equity domains • Twin Bridge Capital Partners, a venture backed startup BeVocal, Accenture, Microsoft and Hitachi Data Systems • MBA, University of Chicago Booth School of Business • Bachelor’s degree from The University of California, Berkeley • Based in Silicon Valley 21 © Nokia Growth Partners 2012

Global Team (Europe)

• 10 years in venture capital and investment management. 14 years in senior roles in mobile industry across Asia and Europe.

• M&A transactions generating in excess of $300M • Founded 2 companies. Formely partner at Vertex Management • Aalborg University, Denmark, MScEE • Based in Geneva, Switzerland Bo Ilsoe Managing Partner Walter Masalin Principal • 7 years technology experience • Joined NGP early 2010 • Nokia M&A and Media & Games department • Co-founder of social media company • Low Temperature Laboratory research • University of Helsinki MSS & MScE • Based in Helsinki, Finland 22 © Nokia Growth Partners 2012

Global Team (Asia: India)

• 18 years technology, strategy, consulting, and telecom experience • Founder & CEO of mFormation • McKinsey Consultant • Harvard MBA & Stanford MScE • Based in Delhi, India Upal Basu Managing Director Anupam Rastogi Principal • 10 years of wireless technology, banking & investing experience • Joined NGP early 2010 • AT&T, Motorola & Verizon product research & management • Comcast Investments & Altman Vilandrie consultant • Wharton MBA, U Texas MSCS, & IIT Delhi BCSE • Based in Delhi, India 23 © Nokia Growth Partners 2012

Global Team (Asia: China)

Paul Asel Managing Partner • 20 years global investment experience in U.S., China, India, Russia and Europe • Realized investments created over $1 billion value for investors. M&A & IPO advisor in over $7 billion transactions • Previous experience at International Finance Corporation, Telos Venture Partners, Delta Capital, Merrill Lynch • Stanford MBA, Dartmouth BA • Based in Washington, New Hampshire © Nokia Growth Partners 2012 24 Lu Guo Principal • 20 years leading and managing investments and M&A transactions across the IT spectrum • Investments Paypal, Widerthan, Enpocket, Bitfone, MongoMusic • Previous experience Nokia Venture Partners, BlueRun Ventures, Nokia • University of Chicago MBA, University of Cincinnati College of Law, JD • Based in Menlo Park, California Yao Ge Associate • Experience across mobile, clean technology, and retail industries • Motorola Mobility, McKinsey, Youth Business China (NGO) • Co-founder of a biotechnology startup • Master's in Finance, Guanghua School of Management. Double Bachelor's degree, Economics and Arts, Peking University • Master's in International Business, Grenoble Ecole De Management, • Based in China

Portfolio Investments

25 © Nokia Growth Partners 2012

Adknowledge & Cloudmark Overview

• The 4th largest advertiser marketplace, specializes in performance-based marketing solutions to connect advertisers with consumers across multiple channels, including email, search, domains, and social networks • Over 10,000 advertisers use the Adknowledge ad network to promote their offers

Overview

• Global leader in carrier-grade messaging security - real -time spam, virus and phishing protection for fixed, mobile and social networks • The Cloudmark suite of security solutions simplifies and advances the management of messaging abuse, increasing network utilization and reducing infrastructure costs • Cloudmark solutions protect more than one billion subscribers for the world’s largest carrier networks 26 © Nokia Growth Partners 2012

Deals and You & Fashion and You Overview

• Launched in August 2010, dealsandyou.com has emerged as India’s fastest growing daily deals business, it offers the hottest local and national deals in over 250 cities across the country • Venture promoted by the Smile Group (Harish Bahl), Gaurav Kachru & Tarun Sobhani, dealsandyou.com acquired online portal www.wanamo.com in June 2010 to enter the Indian marketplace & went live with the new brand in Aug 2010

Overview

• India’s #1 private sales website and a leader in the Indian Online Fashion & Luxury space, it is an invitation-only private sales club, which partners with high fashion and luxury brands • Launched in January, 2010 Fashionandyou.com is amongst the top e commerce companies in India • Fashionandyou.com employs more than 450 people spread across offices and distribution centers in Gurgaon, Mumbai & Bangalore 27 © Nokia Growth Partners 2012

Ganji.com & Gridsum Overview

• Founded in March 2005, Ganji.com is a leading online classified advertisements platform in China • Practical location-based information to its users, covering almost every aspect of people’s daily life • Ganji.com was awarded RED HERRING 100 ASIA in 2009 and its mobile phone version Ganji.cn won the award of TOP10 Life-focused Websites for Mobile Phones in March 2010 by China Academy of Telecommunication Research of MIIT

Overview

• Gridsum is a leading provider of Online Business Optimization products and services, through its cloud-based platform Gridsum Dissector, helping businesses measure, analyze and optimize online performance • 300 clients among 18 industries, including 40 Fortune 500 and China 500 enterprises 28 © Nokia Growth Partners 2012

Heptagon & Innovis Overview

•Heptagon is the global leader in wafer level optics for mobile phone cameras • Founded in 1993 as a spin-off from Helsinki University of Technology • Nokia was the first Heptagon large OEM customer. Close working relationship in product development road map • NGP Role: Facilitating Nokia relationship, expansion into Asia, leading negotiations in attracting follow-on financing for the company

Overview

• Providing telecom services to telecom vendors and operators in various formats ranging from Integrated Managed Services to specific task/project based assignments • Focused on providing End-to-End turnkey services aimed at all technologies in mobile and fixed line telecommunication domain • Founded by telecom professionals with more than 50 years of combined experience in international telecom industry with leaders like Nokia Siemens Networks and Qualcomm 29 © Nokia Growth Partners 2012

Inside Secure & Intermedia Overview

• Global leader in contactless chips for smartcards. Developing technologies for near field communications (NFC) market for mobile phones.

• Customers include Nokia, RIM, Samsung, SK Telecom, KTF, BenQ, LG, Sagem, ZTE, HID • Nokia relationship: working closely on mobile NFC standards • NGP Role: strategic investor facilitating industry standardization around ICL; strategic guidance; facilitating Nokia relationship © Nokia Growth Partners 2012 30

Overview

• Premier provider of cloud services to Small and Medium-sized Businesses (SMBs) and the world's largest provider of hosted Microsoft Exchange • Office in the Cloud™ suite combines Microsoft tools such as Exchange 2010 email, Lync Secure Instant Messaging, and SharePoint document management with Intermedia's proprietary offerings • Intermedia also empowers thousands of partners to sell cloud services under their own brand • Founded in 1995

KongZhong & Luminate Overview

• Leading wireless interactive entertainment, media, and community in China • Ranked by China Mobile as #1 wireless value-added service provider. Among top 5 mobile portals in China.

• Nokia relationship: KongZhong partner for mobile services in China • NGP role: Strategic guidance, global engagement on mobile services best practices, facilitating Nokia relationship

Overview

• Luminate, Inc. (previously known as Pixazza, Inc.) is the worldwide leader in making images interactive serving more than 150 million users each month and 30 billion image views per year • Luminate's platform combines Internet and crowdsourcing technology to deliver the optimal content relevant to online images • Founded in 2008 31 © Nokia Growth Partners 2012

Madhouse & Netmagic solutions Overview

•China’s largest & most intelligent mobile ad network with over 5.6 billion targeted mobile ad impressions in 2008 • Customers include TenCent QQ, Baidu, Tom.com, Sina, Hewlett Packard, Dell, Pepsi, Nokia, Nike, Kodak, Visa, Canon, Johnson & Johnson, Coke, China Unicom. • Nokia relationship: strategic partner & major customer • NGP Role: strategic advice, executive recruitment, facilitating Nokia relationship

Overview

• Netmagic Solutions is India’s leading Managed IT Hosting Service Provider, specializing in Internet Data Center & Managed Hosting, Infrastructure Management, Managed Security, Cloud Computing, Application Hosting, Disaster Recovery & Availability and Professional Services • Netmagic Solutions delivers mission critical hosted applications for over 900 of the world’s best-known enterprises from multiple locations in a secure and seamless manner 32 © Nokia Growth Partners 2012

Network18 & Quikr Overview

• Network18 is a leading media conglomerate in India with over $500M managed annual revenues • Network18 is the partner of choice for global media groups such as Viacom, NBC, TimeWarner (CNN) and Forbes • Network18 operates India’s leading brands in television news, entertainment and home shopping network; Internet travel, financial, e-commerce and entertainment portals; films; business print media; and yellow pages

Overview

• Quikr was launched in July 2008 and is India’s leading horizontal classifieds company • It offers a web and mobile based classifieds platform that addresses a wide variety of local consumer needs • The company has transformed itself from an online industry leader to a player that leads across online and mobile media In 2010, Quikr was ranked among the World’s Top 250 Private companies by AlwaysOn and featured in Red Herring’s Asia Top 100 finalists 33 © Nokia Growth Partners 2012

Rocket Fuel Inc. & SponsorPay Overview

•Ad serving technology platform that combines social, behavioral, contextual, geographical, search and other data sources to understand consumer interest and intent • Over 50 of the largest US brands and major ad agencies trust campaigns to Rocket Fuel • Rocket Fuel’s vision extends beyond online and is extensible to other mediums such as video and mobile

Overview

• European market leader in the field of virtual currency monetization for online games, social apps, virtual worlds and social networks • Ad-funded payment solution • Partners including Disney (Playdom), Ubisoft, Bigpoint, 6waves, Perfect World and IMVU on platforms such as Facebook, MySpace, Netlog and Vznet - as well as renowned advertisers such as Procter & Gamble, AT&T, Skype, Match.com & Adobe • Over 120 million satisfied customers across more than 100 countries 34 © Nokia Growth Partners 2012

Swype & UCWeb Overview

• Acquired by Nuance in 2011; $100M+ exit • Creates text input technology for screens that enables users to create words with one continuous finger motion across an on screen keyboard. • Optimized for many different devices, including smartphones, tablets, TVs, gaming consoles and more • NGP Role: Swype’s software was integrated into a broad array of Nokia Symbian devices and was a top popular download application on Nokia Store.

Overview

• European UCWeb is the leading mobile Internet company in China • The UC Browser runs on more than 2,000 mobile devices from more than 40 brands across a variety of platforms such as Symbian, Windows Mobile, Java, MTK, iPhone, Android and Brew • Downloaded over 200 million times and 35 billion page views are served every month • UCWeb has independent operations in North America and Asia, serving more than 30 countries and regions 35 © Nokia Growth Partners 2012

Verve Wireless & ViVOtech Overview

• Verve monetizes local mobile media solutions help local media companies monetize their mobile inventory and enable advertisers to reach a valuable, premium audience where they live, work and play • Over 1000 local publishers use the Verve platform to manage their mobile advertising businesses and help make their sales teams more effective • Brand-safe, editorially-driven, high-quality and transparent environment with market leading targeting, creative and reporting capabilities © Nokia Growth Partners 2012 36

Overview

• Leading global provider of near field communications (NFC) mobile payments terminals and applications • Customers include MasterCard, Visa, American Express, Discover • Nokia Relationship: partnering in several NFC trials in US and Asia • NGP Role: facilitate regular strategy coordination meetings with Nokia & Vivotech

Voddler Overview

• Streaming video-on-demand service Voddler offers the best films and series legally on Internet-connected devices • Voddler’s mission is to offer a premium video service for users, advertisers and content owners • Offers both pay-per-view and free advertising-funded titles, where and when the viewer wants, with premium content from the world’s leading content companies • Founded in 2005, currently available in Sweden, Finland, Norway and Denmark 37 © Nokia Growth Partners 2012

Fund Investments Venture Eco-System

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BlueRun Ventures Overview

•Landmark Investments / Exits: Paypal (IPO/eBay), WiderThan (Real), Bitfone (HP) • Offices: Menlo Park, Shanghai, Beijing, Finland, Israel, India, Korea • Investment size: initial investments from $1-6 million. •$1B under management Representative Portfolio 39 © Nokia Growth Partners 2012

Founders Fund Overview

•Landmark Investments / Exits: Facebook, IronPort (Cisco), Powerset (Microsoft) • Office: San Francisco • Investment size: primarily seed stage, typical investment of $500,000-$5,000,000 • $270M under management Representative Portfolio 40 © Nokia Growth Partners 2012

Gobi Partners Overview

• Landmark Investments / Exits: Madhouse, LingTu, Inspiry •Offices: Shanghai, Beijing, Hong Kong • Sectors: Digital media focus, including gaming, social networking, IPTV, mobile TV, online learning, location based services, online & mobile advertising • $200M under management Representative Portfolio 41 © Nokia Growth Partners 2012

Magma Venture Partners Overview

• Landmark Investments / Exits: Phonetic (Nuance) • Offices: Israel • Investment sectors: wireless, network and internet infrastructure, communications, semiconductors, media, security, data storage, software solutions and applications.

• $190M under management 42 © Nokia Growth Partners 2012 Representative Portfolio

Nexit Ventures Overview

• Landmark Investments / Exits: Bitfone (HP), Hybrid (nVidia), Mobile 365 (Sybase) • Offices: California, Finland, Sweden • Investment targets: software, enabling technologies, services, and content targeted at the mobile lifestyle • $180M under management Representative Portfolio 43 © Nokia Growth Partners 2012

Oak Hill Capital Partners Overview

• Landmarks: eGain (IPO), Align (IPO), Cincinnati (IPO), Metrika (Bayer), Telecity (IPO) • Offices: Menlo Park, New York, Stamford • Investment targets: Basic Industries, Business & Financial Services, Consumer, Retail & Distribution, Healthcare, Media & Telecom, Technology • $7B under management 44 © Nokia Growth Partners 2012 Representative Portfolio

Technology Crossover Ventures Overview

• Landmarks: Real (IPO), Alteon (Nortel), BeVocal (Nuance), Brightmail (Symantec) • Offices: Palo Alto, New York, London • Investment targets: Internet, Financial Technology, Infrastructure & Communications, Software & Services, Track Record: 40 initial public offerings and over 25 strategic sales.

• $7.7B under management 45 © Nokia Growth Partners 2012 Representative Portfolio

The Nokia location platform is powering the whole Microsoft ecosystem among others

• Maps data for more than 190 countries in more than 50 languages and navigation in more than 110 countries • Information from Nokia Drive users and local authorities to provide traffic alerts in 26 countries, and also allow dynamic rerouting • Venue maps in over 4,600 shopping malls, train stations, airport, sports venues, etc. in 35 countries • Multi-modal routing: by car, on foot (including footpaths, shortcuts, etc. in over 400 cities) and by public transportation (over 100 cities) 46 © Nokia Growth Partners 2012

The Cloud Cloud

Smart Factory Personal Cloud Connected Car 47 © Nokia Growth Partners 2012 Smart Home Enterprise Cloud

Connected Car

Driverless Car Connectivity Cameras User Interface Gesture 48 © Nokia Growth Partners 2012

Connected Car

Smart Materials Dashboard U Navigation Power Storage