. La Senza has achieved very impressive growth in Canada and 34 other countries through its franchise operated stores. We have great confidence in La Senza's management team and look forward to working with them. 9 EFTA00190151 10 Importantly, La Senza also provides us with real knowledge of the Canad

dlines in June after Theo Paphitis, a star of the BBC's entrepreneur- focused TV show Dragons' Den, quit lingerie retailer and Lion portfolio company La Senza's board of directors after falling out with the private equity firm. This message is confidential. It may also be privileged or otherwise protected