Quest for Growth NV — AGM Information 2011

Feb 19, 2011

QUEST FOR GROWTH

Privak, public investment company with fixed capital established under Belgian Law

NOTICE CONCERNING THE GENERAL ANNUAL MEETING MESSAGE TO THE SHAREHOLDERS

The shareholders are invited to attend the General Annual Meeting that will be held at the registered office of the company "Jonge St. Jacob", Lei 19 in 3000 Leuven, on Thursday March 17, 2011 at 11:00 AM.

Agenda:

• 1. Submission of the Report of the Board of Directors for the fiscal year ended December 31st, 2010;
• 1. Submission of the Report of the Auditor for the fiscal year ended December 31st, 2010;
• 1. Explanation of the Financial Statements for the fiscal year ended December 31st, 2010;
• 1. Approval of the Financial Statements for the fiscal year ended December 31st, 2010 and the appropriation of the result;

Proposal:

The Board of Directors proposes the shareholders to approve the Financial Statements for the fiscal year ended December 31st, 2011 and to approve the appropriation of the result.

1. Discharge to be given to the Directors and the Auditor;

Proposed resolution:

The Board of Directors proposes to discharge, by separate vote, the Directors and the Auditor in respect of their duties for the past year.

1. Discharge and Appointment of Directors;

The mandates of all Direcors end immediately after the General Meeting of 17th of March, 2011.

Proposed resolution: 1. Proposed resolution:

Appointment of Mr. Jos B. Peeters - subject to approval by the Banking, Finance and Insurance Commission – as director upon the proposal of the shareholders type A ending immediately after the General Annual Meeting of 2014.

1. Proposed resolution:

Appointment of Euro Invest Management NV, represented by Mr. Philippe Haspeslagh, - subject to approval by the Banking, Finance and Insurance Commission - as director upon the proposal of the shareholders type A ending immediately after the General Annual Meeting of 2014.

3. Proposed resolution:

Appointment of Quest Management NV, represented by Mr. René Avonts, - subject to approval by the Banking, Finance and Insurance Commission - as director upon the proposal of the shareholders type A ending immediately after the General Annual Meeting of 2014.

4. Proposed resolution:

Appointment of Gengest BVBA, represented by Mr. Rudi Mariën, - subject to approval by the Banking, Finance and Insurance Commission - as director upon the proposal of the shareholders type A ending immediately after the General Annual Meeting of 2014.

1. Proposed resolution:

Appointment of Mr. Dirk Vanderschrick - subject to approval by the Banking, Finance and Insurance Commission - as director upon the proposal of the shareholders type B ending immediately after the General Annual Meeting of 2014.

1. Proposed resolution:

Appointment of Pamica NV, represented by Mr. Michel Akkermans, - subject to approval by the Banking, Finance and Insurance Commission - as director upon the proposal of the shareholders type B ending immediately after the General Annual Meeting of 2014.

1. Proposed resolution:

Appointment of De Meiboom NV, represented by Mr. Edward Claeys, - subject to approval by the Banking, Finance and Insurance Commission - as director upon the proposal of the shareholders type B ending immediately after the General Annual Meeting of 2014.

1. Proposed resolution:

Appointment of Auxilium Keerbergen BVBA, represented by Mr. Frans L. Theeuwes, - subject to approval by the Banking, Finance and Insurance Commission - as director upon the proposal of the shareholders type B ending immediately after the General Annual Meeting of 2014.

1. Proposed resolution:

Appointment of ADP Vision BVBA, represented by Mr. Anton De Proft, - subject to approval by the Banking, Finance and Insurance Commission - as director upon the proposal of the shareholders of common shares ending immediately after the General Annual Meeting of 2014.

1. Proposed resolution:

Appointment of Baron Bernard de Gerlache de Gomery - subject to approval by the Banking, Finance and Insurance Commission - as director upon the proposal of the shareholders of common shares ending immediately after the General Annual Meeting of 2014.

1. Proposed resolution:

Appointment of Mrs. Regine Slagmulder BVBA, represented by Mrs. Regine Slagmulder - subject to approval by the Banking, Finance and Insurance Commission - as director upon the proposal of the shareholders of common shares ending immediately after the General Annual Meeting of 2014.

1. Proposed resolution: Appointment of Axxis BVBA, represented by Mr. Philippe de Vicq de Cumtich, - subject to approval by the Banking, Finance and Insurance Commission - as director upon the proposal of the shareholders of common shares ending immediately after the General Annual Meeting of 2014.

7. Granting of formalities

Proposed resolution: The General Meeting grants a special power of attorney to QUEST Management NV, Lei 19, box 2, 3000 Leuven, as to their employees, their representatives and proxy holders, with the right of substitution, in order to fulful of any formalities at a company office in order to ensure the update of the information at the Crossroads Bank of Entreprises.

1. Any other business

To attend the meeting, shareholders are requested to lodge their shares at least 5 full days before the date of the General Meeting (Thursday 10th of March, 2011) at the registered offices of following institutions : KBC Bank, ING or Dexia Bank or:

• submit a certificate prepared by the authorized account holder or by the settlement institutions of which the unavailabitly of those shares is recorded until the date of the General Annual Meeting, if they are owner of the dematerialized shares,
• submit their shares if they are owner of bearer shares.

They will be admitted to the general meeting on presentation of a certificate delivered by one of the above mentioned banks ascertaining the deposit of the shares and their unavailability until the date of the general meeting.

Holders of registered shares will only be admitted to the general meeting if they have informed the Board of Directors at least five working days before the meeting of their intention to attend the general meeting.

Shareholders who wish to be represented at the meeting can obtain proxies at the registered office of the company. Proxies shall be deposed at the registered office of the company at least five working days before the general meeting. The proxies should contain the full agenda of the meeting with all the proposed resolutions.

In order to be able to start punctually with the meeting, we kindly request our shareholders to be present at the very latest one quarter of an hour before the start of the meeting.

The Board of Directors

QUEST FOR GROWTH NV Privak, beleggingsvennootschap met vast kapitaal naar Belgisch recht Lei 19, bus 3 B-3000 Leuven Tel: +32 (0)16 28 41 28 Fax: +32 (0)16 28 41 29 www.questforgrowth.com - quest@questforgrowth.com