Actis Sells Stake in Regal Forest to Liverpool

By Actis Llp, PRNE
Tuesday, March 16, 2010

LONDON, March 17, 2010 - Actis, an emerging markets private equity specialist, announced today
that it has sold its 30% stake in Regal Forest Holding Co. Ltd (RFH), the
leading retailer of Durable Consumer Goods (DCG) in Central America and the
English-speaking Caribbean, to Operadora Liverpool S.A de C.V, a subsidiary
of the leading Mexican Department Store operator El Puerto de Liverpool
(LIVEPOL).

The transaction forms a strategic relationship between RFH and Liverpool,
leaving the business well placed to take advantage of the growth opportunity
in the Central American and Caribbean regions over the next decade.

Actis's long-term commitment in RFH began with an investment in December
2000
alongside Grupo Siman, the strong management team running the business.
This partnership was instrumental in growing RFH; expanding the store network
to over 400 locations in 18 countries to become the leading player in DCG
over a broad geographic region. In April 2008, RFH opened its first
"simplified bank" (Financiera) in El Salvador, offering simple deposit and
loan products to existing high-quality customers and to the general public
with strict credit criteria.

Actis also played an active role in RFH's acquisition in December 2006 of
the Caribbean operations of Courts Plc, a UK company at that time in
administration. Today, Courts Caribbean is the undisputed market leader in
DCG retail

in the English Caribbean (including Belize and Guyana), with sales in
excess of US$325m and 40%+ market shares in all the countries in which it
operates.

Commenting on the sale, Paul Fletcher, Senior Partner at Actis said,
"RFH's outstanding growth over the last ten years, culminating in this
opportunity with Liverpool, is a fine example of Actis adding value to its
investee companies. This has been a long and fruitful partnership and we wish
RFH well as they embark upon the next stage of their development."

Mario Siman, CEO of Regal Forest, said: "We have always been proud of our
association with Actis and CDC and will be forever grateful for the
confidence they placed in our management team and for their unwavering
commitment to the growth and expansion of our company. We combined our
expertise in retail operations with their financial acumen and discipline to
create what is now the undisputable leader in the furniture, appliance and
electronics market in Central America and the Caribbean. We look forward to
investing together with them in new ventures to continue contributing to the
development of our region."

Jorge Salgado, Liverpool's CFO, said; "The Company looks at this
transaction with optimism, as it represents joining forces with a leading
retailer in Central America and the Caribbean with significant expansion
opportunities and, also, its first cross borders endeavour."

About Actis

Actis is a leading private equity investor in emerging markets with a
growing portfolio of investments in Asia, Africa and Latin America; it
currently has US$4.8bn funds under management. With over 100 investment
professionals on the ground in 9 offices worldwide, Actis identifies
investment opportunities in the emerging markets by bringing local experts
together with specialist sector teams. Actis announced the close of its
global emerging markets fund, Actis Emerging Markets 3 on 1 December 2008
with commitments totalling US$2.9bn. Actis announced the close of its global
infrastructure fund, Actis Infrastructure 2, on 30 September 2009 with
commitments totalling US$750m. www.act.is

About Regal Forest

Regal Forest Holding Co. Ltd (RFH), operating as Unicomer Group, is the
leading furniture, appliance and electronics retailer in Central America and
the Caribbean, under its leading retail brands: La Curacao in Central America
and the Dominican Republic; Almacenes Tropigas in Central America, the Radio
Shack franchise in Central America, Unicomer in the United States, and Courts
and Lucky Dollar in the Caribbean. RFH has a leading market presence in 18
countries and currently has more than two million square feet of sales area
distributed in more than 400 stores across the region, and over one million
active customers. RFH is also one of the largest employers in the region,
with almost 8,500 employees.

About Liverpool

"El Puerto de Liverpool S.A.B. de C.V.", founded in 1847, is the owner of
the largest chain of department stores in Mexico; it operates 79 stores under
the "LIVERPOOL", "FABRICAS DE FRANCIA" and "LIVERPOOL DUTY FREE" formats. It
currently manages over 2.4 million credit cards and has a team of more than
33,000 employees. "El Puerto de Liverpool S.A.B. de C.V." is also one of the
largest commercial real estate operators in Mexico, operating 16 shopping
centers. It is currently listed on the Mexican Stock Exchange (LIVEPOL).

    Media contacts:

    Claire Davies, Actis
    cdavies@act.is
    +44(0)7887-521-993

    Regal Forest
    publicrelations@unicomer.com

Media contacts: Claire Davies, Actis, cdavies at act.is, +44(0)7887-521-993; Regal Forest, publicrelations at unicomer.com

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