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Mexico-based Harmon Hall Announces New Shareholders

6 September 2010

(Harmon Hall) September 6, 2010 – Harmon Hall Holding, S.A. de C.V. (Harmon Hall), the largest specialized English language school chain in Mexico, announces the purchase of a minority interest and a capital increase by three new shareholders: IFC, a member of the World Bank Group;, the German development finance institution DEG‐Deutsche Investitions‐ und Entwicklungsgesellschaft mbH (“DEG”) and HSBC Latin America Partners, L.P. (“HLAP”), a Latin American direct investment equity fund managed by HSBC Capital (USA) Inc. (“HSBC Capital”), a private equity division of the HSBC Group.

Nexxus Capital maintains a significant interest in the company through its fund, Nexxus Capital Private Equity Fund III, LP.

With the new shareholders’ incorporation, Harmon Hall will strengthen its financial structure and corporate governance in order to continue consolidating its growth, to reach a greater number of students, while remaining the best option to learn English.

Harmon Hall currently operates more than 100 units, through which it teaches the English language in different levels. Through these courses, the students can obtain several internationally recognized certifications.

Harmon Hall was established in Mexico, 45 years ago. It is a Cambridge ESOL (English for Speakers of Other Languages) authorized examination centre, thanks to its rigorous quality standards and professional integrity. Its system’s exclusive pedagogical methodology allows more than 100,000 Mexicans to learn and improve their English level every year, continually opening doors to better opportunities, as well as promoting personal and professional growth for its students.

Nexxus Capital based in Mexico City and founded in 1995, is the leading Mexican private equity fund manager in the country. Nexxus Capital specializes in investments in Mexican middle market companies and targets investment opportunities that allow for enhancement of shareholder value through improved management and operations, value‐added acquisitions and the application of proven international business models to the Mexican marketplace.

IFC, the largest global development institution focused on the private sector in developing countries, creates opportunity for people to escape poverty and improve their lives—by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development.

DEG, established in 1962 is a member of KfW Bankengruppe (KfW Banking Group). It invests in private companies in developing and transition countries. As one of Europe’s largest development finance institutions, it promotes private business structures to contribute to sustainable growth and improved living conditions.

HSBC Capital focuses on opportunities in the US and Latin America. Since its inception in 1991, HSBC Capital has invested in over 55 companies. HLAP is HSBC Capital’s Latin American direct investment equity fund with commitments from HSBC Group and third party investors.