The document discusses opportunities in investing in water technologies and services. It notes that water scarcity is a growing global problem, with 1/3 of the world's population expected to face inadequate drinking water. Water demand is rising faster than population growth while supplies are under threat. This creates opportunities for technologies that recycle and treat water, as well as for water companies whose valuations are expected to rise strongly. The water treatment equipment market is also projected to experience significant growth.

1. Investing in Water October 2011 © 2011, Copyright Verge II L.P. Presented by: Paul Short Venture Partner

3. Water: The big picture October 2011 © 2011, Copyright Verge II L.P.

4. The Word’s Water October 2011 © 2011, Copyright Verge II L.P. 0.76% of all water is usable

8. How Water is Used October 2011 © 2011, Copyright Verge II L.P.

9. Is Water the new oil? October 2011 © 2011, Copyright Verge II L.P.

16. Implications October 2011 © 2011, Copyright Verge II L.P.

19. Water Recycling Will Increase October 2011 © 2011, Copyright Verge II L.P.

20. The Treatment Equipment Market Will Grow October 2011 © 2011, Copyright Verge II L.P. Treatment Equipment Market $M Expected CAGR 2010-2016 Primary Intakes/Screens $2,900 7% Pre-Treatment Equipment $10,900 5% Ultra & micro filtration membranes $700 18% RO & Nanofiltration $600 18% Membrane Bioreactors $100 17% Ion Exchange $300 15% Disinfection $3,000 6% Zero Liquid Discharge $400 26% Sludge Management $7,100 9% Media Filtration $3,700 6% Monitoring control/chemical feed $2,300 7% Specialized Systems $2,600 2% Industrial Treatment Services $2,900 5% Desalination Plants $11,000 9%

21. Water Company Valuations Will Be Strong October 2011 © 2011, Copyright Verge II L.P.