Investor Presentation March 2016

Recommendations

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DCF Investment Criteria and process • Sector focus of technology and media • Later-stage focus – 1-2 years from being IPO class • Strong competitive advantages – IP-rich or first-to-market • Committed management teams • Other funding partners • Favourable capital structure 18
DCF Valuation Considerations $4.00 Share Price Latest Reported NAV per Share $3.00 $2.00 $1.00 $0.00 • We believe we have significantly de-risked the NAV with our focus and processes • NAV/Share at year-end: $2.01 • Debt is down to $35 million (from $55 million) and is due in July 2018 – it has almost 3x asset coverage. • We have in excess of $100 million of tax loss assets (most acquired from TriNorth) 19
Page 1 and 2: Investor Presentation March 2016 Di
Page 3 and 4: Agenda • Why look at DCF? • DCF
Page 5 and 6: DCF at a Glance (December 31, 2015)
Page 7 and 8: The DCF Investment Thesis • Canad
Page 9 and 10: Our Thesis is Clearly Playing Out 2
Page 11 and 12: The Portfolio - IPO Class Names Tec
Page 13 and 14: Portfolio Evolution December 2013 D
Page 15 and 16: Exits to date Positive exits: • A
Page 17: The risks of VC/PE investing? • H
Page 21 and 22: BuildDirect • BuildDirect Marketp
Page 23 and 24: Vision Critical • Vision Critical
Page 25 and 26: Difference RM Real Estate Play •
Page 27 and 28: Other Selected Company Updates Jan
Page 29: 29 Q&A

Investor Presentation March 2016

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