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FRANCE - European Capital invests in Tokheim buyout

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European Capital, S.A. SICAR has announced today it has invested EUR 14m in the mezzanine and second lien facilities of Tokheim SAS, the leading European supplier of retail fuel systems. European Capital’s investment represents a share of the mezzanine facility and the majority of the second lien facility arranged by BNP Paribas, supporting the acquisition of Tokheim by Electra Partners Europe. European Capital will be the representative agent of the second lien facility. Tokheim’s management is maintaining a significant equity investment.

Founded in 1901, Tokheim designs and assembles fuel dispensing systems and electronic data and payment automation systems for the European fuel retail systems and services market. Tokheim is the only player in the industry offering one-stop shop solutions, including installation, maintenance, construction and refurbishment services. The Company’s products and services are sold to over 350 customers, including major oil companies, national oil companies, hypermarkets and independent distributors. Customers include Esso, Total, Shell, Intermarché, Carrefour and BP. Tokheim has over 3,200 employees through 22 wholly-owned sales and services subsidiaries in Europe, Asia and Africa. For the fiscal year ended April 2005, the Company had sales of EUR 360m.

European Capital has invested approximately EUR 253m in 12 companies since its formation in August of 2005.

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