CONVERSUS CAP : Conversus Capital Declares Unit Holder Distribution

Conversus Capital, L.P. (NYSE Euronext Amsterdam: CCAP) ("Conversus") has declared a cash distribution of $1.00 per unit, or $65.1 million in aggregate. The distribution will be payable on or about 15 October to unit holders of record as of 8 October.

Additional details related to Conversus distributions and a direct deposit option for U.S. unit holders can be accessed in the Investor Relations section of Conversus' website at www.conversus.com under the heading "Distribution & Tax Information."

Update on Transaction with HarbourVest Structured Solutions II, L.P.

On 2 July 2012, Conversus signed a definitive agreement (the "Purchase Agreement") with HarbourVest Structured Solutions II, L.P. ("HarbourVest Structured Solutions") whereby HarbourVest Structured Solutions will acquire the Conversus subsidiaries that hold Conversus' private equity fund interests and direct co-investments. HarbourVest Structured Solutions is not acquiring Conversus' directly held public equity securities or net cash.

Conversus currently expects the first closing under the Purchase Agreement to occur on or about 31 December 2012. Promptly following any closing under the Purchase Agreement, Conversus intends to distribute the related per unit consideration received from HarbourVest Structured Solutions for the above-mentioned entities to its unit holders. Because the closing of the transactions contemplated in the Purchase Agreement remains subject to conditions that could prevent or delay a closing, no assurance can be given as to exactly when or whether closings under the Purchase Agreement or the related post-closing distributions will occur, or the precise amount of the distributions.

About Conversus Capital

Conversus is a publicly traded portfolio of third party private equity funds. Upon the completion of all closings pursuant to the transaction with HarbourVest Structured Solutions and the completion of a subsequent liquidation period, Conversus intends to cease operations.

Legal Disclaimer

This press release is not an offer to sell, or a solicitation of an offer to buy, securities in the United States or elsewhere. Securities may not be sold in the United States absent registration with the U.S. Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. Conversus is not a registered investment company under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act"), and the resale of Conversus securities in the United States or to U.S. persons other than to qualified purchasers as defined in the Investment Company Act is prohibited. Conversus does not intend to register any offering in the United States or to conduct a public offering of its securities in the United States. Conversus is an authorised closed-ended investment scheme for Guernsey regulatory purposes. Conversus is registered with the Netherlands Authority for the Financial Markets as a collective investment scheme which may offer participation rights in the Netherlands pursuant to article 2:66 of the Financial Market Supervision Act (Wet op het financieel toezicht). Past performance is not necessarily indicative of future results.

The common units and related restricted depositary units of Conversus are subject to a number of ownership and transfer restrictions. Information concerning these ownership and transfer restrictions is included in the Investor Relations section of Conversus' website at www.conversus.com.

Forward-Looking Statements

This press release contains certain forward-looking statements. In some cases, forward-looking statements can be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "should," "will," and "would," or the negative of those terms or other comparable terminology. Forward-looking statements speak only as of the date of these materials and include statements relating to expectations, beliefs, forecasts, projections (which may include statements regarding future economic performance, and the financial condition, results of operations, liquidity, cash flows, investments, business, net asset value and prospects of Conversus), future plans and strategies and anticipated results thereof, anticipated events or trends and similar matters that are not historical facts. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future, and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements including, but not limited to, the following: our ability to successfully close the sale of all of our fund interests and direct co-investments to HarbourVest Structured Solutions; the actual level of our operating costs relative to the estimates used to accrue our liquidation expenses; our ability to implement successful investment strategies; risks associated with private equity investments generally, the performance and financial condition of the funds in our portfolio and their portfolio companies, and the actual realized value of investments; the size, volume and timing of capital calls, distributions and other transactions involving our investments; changes potential conflicts of interest; changes in our financial condition, liquidity (including availability and cost of capital), cash flows and ability to meet our funding needs and satisfy our contractual obligations; general economic and political conditions and conditions in the equity, debt, credit, currency, foreign exchange and private equity markets; the trading price, liquidity and volatility, of our common units; competitive conditions; regulatory and legislative developments; and the risks, uncertainties and other factors discussed elsewhere in these materials or in our public filings and documents on our website (www.conversus.com). Conversus does not undertake to update any of these forward-looking statements.

Investor Contact:
Conversus Capital, L.P.
Tim Smith
Chief Financial Officer
Tel: [phone] or +44.1481.745.175
[e-mail]
or
Media Contacts:
Kekst and Company
Jeremy Fielding or Lin-Hua Wu
Managing Director
Tel: [phone]
[e-mail] or [e-mail]