Venture Capital Fundraising Activity Contracts in the Second Quarter of 2009

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Trinity Exploration & Production Plc	LSE:TRIN	London	Ordinary Share	GB00BN7CJ686	ORD USD0.01

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	44.50	44.00	45.00	44.50	44.50	44.50	18,533	08:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

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NEW YORK, July 13 /PRNewswire-FirstCall/ -- Just 25 venture capital funds raised $1.7 billion in the second quarter of 2009, according to Thomson Reuters and the National Venture Capital Association (NVCA). This level represents the smallest number of venture funds raising money in a single quarter since the third quarter of 1996 (21 funds) and the lowest level of dollars committed since the first quarter of 2003 when $938.1 million was raised. Fundraising by Venture Funds Year/Quarter Number of Venture Funds Capital ($M) 2004 211 19,156.0 2005 239 28,767.4 2006 241 31,925.0 2007 251 36,064.9 2008 221 28,395.9 2009 70 6,312.8 2Q'07 86 8,661.1 3Q'07 77 8,595.8 4Q'07 86 12,322.5 1Q'08 72 7,123.4 2Q'08 82 9,284.5 3Q'08 62 8,393.3 4Q'08 49 3,594.7 1Q'09 49 4,610.9 2Q'09 25 1,701.9 Source: Thomson Reuters & National Venture Capital Association "The slower venture fundraising activity is no surprise given the current environment," said Mark Heesen, president of the NVCA. "The final manifestations of the bubble burst combined with a troubled exit market make it a very difficult time to raise money. We believe that many venture firms are waiting until 2010 and beyond to go out to their limited partners who, in an improved market, will look more favorably upon the asset class vis-a-vis other alternatives. That said, there will be firms that will not be able to raise a follow-on fund and our industry is positioned to contract over the next five years through this type of attrition." While the number of funds raised fell to a 13 year low, the relative number of new funds versus follow-on funds reached a four quarter high. There were eight new funds and 17 follow-on funds raised in the second quarter of 2009, a ratio of about 2-to-1 of follow-on to new funds. By comparison, just three new funds and 46 follow-on funds were raised in the first quarter, a ratio of over 15-to-1 of follow-on to new funds. A "new" fund is defined as the first fund at a newly established firm, although the general partner of that firm may have previous experience investing in venture capital. VC Funds: New vs. Follow-On No. of No. of New Follow-on Total 2004 55 156 211 2005 64 175 239 2006 56 185 241 2007 62 189 251 2008 48 173 221 2009 11 59 70 2Q'07 17 69 86 3Q'07 15 62 77 4Q'07 27 59 86 1Q'08 10 62 72 2Q'08 23 59 82 3Q'08 13 49 62 4Q'08 12 37 49 1Q'09 3 46 49 2Q'09 8 17 25 Source: Thomson Reuters & National Venture Capital Association The largest fund raised in the second quarter was follow-on fund Domain Partners VIII, L.P. (early stage, $371.1 million) by firm Domain Associated Management. About Thomson Reuters Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE:TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE:TRIL); and Nasdaq (NASDAQ:TRIN). For more information, go to http://www.thomsonreuters.com/. About National Venture Capital Association The National Venture Capital Association (NVCA) represents approximately 450 venture capital firms in the United States. NVCA's mission is to foster greater understanding of the importance of venture capital to the U.S. economy and support entrepreneurial activity and innovation. According to a 2009 Global Insight study, venture-backed companies accounted for 12.1 million jobs and $2.9 trillion in revenue in the United States in 2006. The NVCA represents the public policy interests of the venture capital community, strives to maintain high professional standards, provides reliable industry data, sponsors professional development, and facilitates interaction among its members. For more information about the NVCA, please visit http://www.nvca.org/. DATASOURCE: Thomson Reuters CONTACT: Emily Mendell of NVCA, +1-610-565-3904, ; or Janice Addams of Thomson Reuters, Public Relations, +1-646-223-6940, ; or Sandy Anglin, Thomson Reuters, Research Analyst, +1-646-223-6997, Web Site: http://www.thomsonreuters.com/

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