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The Rainmaker

06/24/08 10:28 PM

#10640 RE: rollinlow #10639

CEO Letter excerpt: We have never been more positive about the company’s current clients or about the strength of our pipeline of prospective clients. I am only addressing this issue so that shareholders do not come to believe that unless there are press releases announcing every step of a client’s transaction, that no progress is being made. Beyond the current clients, we still see significant deal flow of private Chinese companies introduced to Redwood Capital as prospective clients. The recent China International Private Equity Forum held in Tianjin, China, which is discussed at length in this newsletter, has delivered numerous new contacts and several additional Chinese companies that may be ideal candidates for Alternative Public Offering transactions.