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Target Entertainment - Investment: £6 million - Type: Expansion Capital - Date Completed: July 2007 - Sector: Media (TV Production & Distribution) - Website: www.target-entertainment.com The Company:

Target Entertainment (“Target”) was founded in 1998 by CEO Alison Rayson as an independent television programme distributor.
Over the last few years Target has expanded organically to become a full media rights management business.
Helped by recent investment from Electra Quoted, Target is now seeking to become a leading consolidator within the UK independent television sector.

Electra Quoted has committed £6m of equity capital to support Target in its ongoing buy and build strategy.
The recent acquisition of Minotaur International from Virgin Media Group has firmly established the company as one of the UK’s leading independent distributors.

Electra Quoted is a smaller companies investment specialist that looks to support proven management with highly developed growth strategies. With significant experience of the media and entertainment sector, Electra Quoted is the ideal partner for media companies looking for added value from their financial partner.

Electra Quoted Management specialises in providing £2 million to £6 million of equity finance for management buy-outs and development capital for UK companies in transactions with an enterprise value of up to £20 million.

For further information on this transaction, please contact: Antony Fraser, Electra Quoted Management Ltd, Paternoster House, 65 St Paul’s Churchyard, London, EC4M 8AB Tel: 020 7306 3924 afraser@electraquoted.com

Issued by Electra Quoted Management Limited. www.electraquoted.com.
Electra Quoted Management Ltd is authorised and regulated by the Financial Services Authority.

This note is for information only and is provided for Professional use only on a confidential basis. It is not an offer, invitation or recommendation to apply for shares in the VCT or the Company which is the subject of this note.