FOR IMMEDIATE RELEASE

CONTACTS:
Kelly Williams		Bob Payne
(212) 538-7658		(248) 619-1868
kelly.m.williams@credit-suisse.com		bob.payne@credit-suisse.com

Venture Michigan Fund Makes Investment Commitments in Two Fund Managers With Strong Interest in Michigan Based Venture Capital Companies

Investments have great job creation potential in Michigan.

TROY, Mich., (January 14, 2008) – In keeping with its robust investment pace in the past year, the Venture Michigan Fund (VMF) announced today commitments to two high-quality venture capital funds that are focused on early stage technology companies in Michigan. The firms selected to receive capital are:

• RPM Ventures, based in Ann Arbor, MI, a dynamic seed and early stage venture capital firm
focused on investing in information technology (software, semiconductor) and physical
sciences companies (materials, alternative energy); and

• Chrysalis Ventures, a leading regional venture capital firm that makes early stage investments
in healthcare, media and communications, and business services companies, based in
Louisville, KY with an office opening in Ann Arbor, MI.

“We are very pleased with the rate at which we have been able to identify quality managers who
are excited about the opportunity to invest in Michigan. RPM Ventures and Chrysalis Ventures
represent excellent opportunities for Michigan’s entrepreneurs to access smart and experienced
capital to help their companies succeed in Michigan,” said Kelly Williams, a Managing Director and
Co-Head of the Customized Fund Investment Group, the VMF fund manager. “These two funds
embrace the VMF’s mission of generating attractive investment returns and building the venture
capital community in Michigan through their demonstrated commitment to Michigan and their
investment strategies which support high technology businesses and employment levels in the
state.”

“One of the important goals of the Venture Michigan Fund is to attract strong regional venture
capital firms with seasoned investment teams and successful track records to participate in the
program as well as to support attractive Michigan based venture capital fund managers,” said
Thomas Kinnear, Chairman of the Venture Michigan Fund Board and Director of the University of
Michigan’s Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies. “These
investments by the Venture Michigan Fund are superb additions to our existing group of venture
capital fund investments.”

RPM Ventures and Chrysalis Ventures provide complementary investment strategies to VMF’s
existing commitments to Arboretum Ventures, Ardesta Ventures, Nth Power and Venture Investors.
Individual investment commitment amounts were not disclosed. Credit Suisse’s Customized Fund
Investment Group will make investment commitments totaling $95 million to venture capital funds
over a three year commitment period through a competitive RFP process. To date, approximately
50% of VMF has been committed.

The Venture Michigan Fund was created in 2006 to grow and develop venture capital funds that
have a presence in Michigan and that target investments in Michigan-based early stage companies
engaged in research, technology and new product development. Fund investments focus on a
variety of emerging technologies including advanced manufacturing and industrial technology,
alternative energy, healthcare and life sciences, homeland security and defense, and information
technology. Venture capital funds receiving capital commitments are asked to invest in Michigan-based companies with at least an amount equal to the commitment received from VMF. The
Venture Michigan Fund, a Michigan nonprofit corporation, promotes Michigan’s economic health by
fostering job creation, retention, and expansion through the promotion of investment in venture
capital funds specializing in early stage investments. For more information visit the VMF I website
at www.venturemichiganfund.org.

About Credit Suisse
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Suisse Group, is a leading global financial services company headquartered in Zurich. Credit
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www.credit-suisse.com.

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