<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
REDIFF.COM INDIA LIMITED
--------------------------------------------------------------------------------
(Name of Issuer)
Equity Shares, Rs. 5 Par Value
--------------------------------------------------------------------------------
(Title of Class of Securities)
757479100
--------------------------------------------------------------------------------
(CUSIP Number of Class of Securities)
Scott A. Arenare, Esq.
Vice President and General Counsel
E.M. Warburg, Pincus & Co., LLC
466 Lexington Avenue
New York, New York 10017
(212) 878-0600
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Steven J. Gartner, Esq.
Willkie Farr & Gallagher
787 Seventh Avenue
New York, NY 10019-6099
(212) 728-8000
December 22, 2000
--------------------------------------------------------------------------------
(Date of Event which Requires
Filing of this Schedule)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box: [ ]
<PAGE>
SCHEDULE 13D
------------------- ------------------
CUSIP No. 757479100 Page 2 of 14 Pages
------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co. I.D. #13-6358475
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
2,008,000
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 2,008,000
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,008,000
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------- ------------------
CUSIP No. 757479100 Page 3 of 14 Pages
------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Co., LLC I.D. #13-3536050
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
2,008,000
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 2,008,000
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,008,000
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
---------- ---------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------- ------------------
CUSIP No. 757479100 Page 4 of 14 Pages
------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Equity Partners, L.P. I.D. #13-3986317
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF
SHARES 2,008,000
BENEFICIALLY
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,008,000
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,008,000
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------- ------------------
CUSIP No. 757479100 Page 5 of 14 Pages
------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Ventures International, L.P.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF
SHARES 2,008,000
BENEFICIALLY
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,008,000
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,008,000
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
---------- ---------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------- ------------------
CUSIP No. 757479100 Page 6 of 14 Pages
------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Queenswood Investments Limited I.D. #98-0216409
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mauritius
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
2,008,000
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 2,008,000
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,008,000
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
---------- ---------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This Schedule 13D is being filed on behalf of Warburg, Pincus & Co., a New
York general partnership ("WP"), E.M. Warburg, Pincus & Co., LLC, a New York
limited liability company ("EMW"), Warburg, Pincus Equity Partners, L.P., a
Delaware limited partnership (together with three affiliated entities "WPEP"),
Warburg, Pincus Ventures International, L.P., a Bermuda limited partnership
("WPVI"), and Queenswood Investments Limited, a Mauritius corporation
("Queenswood" and, together with WP, EMW, WPEP and WPVI, the "Reporting
Entities"). This Schedule 13D relates to the equity shares, par value Rs. 5, of
Rediff.com India Limited, a limited liability company organized under the laws
of the Republic of India (the "Company"). Unless the context otherwise requires,
references herein to the "Equity Shares" are to the equity shares of the
Company, par value Rs. 5 per share.
Item 1. Security and Issuer.
This statement on Schedule 13D relates to the Equity Shares and is being
filed pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). The address of the principal executive offices of
the Company is Mahalaxmi Engineering Estate, 1st Floor, L.J. First Cross Road,
Mahim (West), Mumbai 400 016, India.
Item 2. Identity and Background.
(a) This statement is filed by the Reporting Entities. The sole general
partner of WPEP and WPVI is WP. EMW manages WPEP and WPVI. Lionel I. Pincus is
the managing partner of WP and the managing member of EMW and may be deemed to
control both WP and EMW. Lionel I. Pincus disclaims any beneficial ownership of
the Equity Shares reported herein as being beneficially owned by the Reporting
Entities. The
<PAGE>
general partners of WP and the members of EMW are described in Schedule I
hereto. WPEP and WPVI each own 50% of Queenswood. Each executive officer and
director of Queenswood is described in Schedule II hereto.
(b) The address of the principal business and principal office of WP, EMW,
WPEP, WPVI and those persons listed in Schedule I hereto is 466 Lexington
Avenue, New York, New York 10017. The address of the principal business and
principal office of Queenswood and those persons listed in Schedule II hereto is
c/o Warburg, Pincus & Co., 466 Lexington Avenue, New York, New York 10017.
(c) The principal business of WP is acting as general partner of WPEP,
Warburg, Pincus Ventures, L.P., Warburg, Pincus Investors, L.P., WPVI and
Warburg, Pincus Capital Company, L.P. The principal business of EMW is acting as
manager of WPEP, Warburg, Pincus Ventures, L.P., Warburg, Pincus Investors,
L.P., WPVI and Warburg, Pincus Capital Company, L.P. The principal business of
WPEP and WPVI is that of a partnership engaged in making venture capital and
related investments. Queenswood was formed to acquire the Equity Shares on
behalf of WPEP and WPVI.
(d) None of the Reporting Entities, nor, to the best of their knowledge,
any of the directors, executive officers, control persons, general partners or
members referred to in paragraph (a) above has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the Reporting Entities nor, to the best of their knowledge, any
of the directors, executive officers, control persons, general partners or
members referred to in paragraph (a) above has, during the last five years, been
a party to a civil proceeding of
-2-
<PAGE>
a judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
(f) Except as otherwise indicated on Schedule I and II hereto, each of the
individuals referred to in paragraph (a) above is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration.
The total amount of funds required by Queenswood to purchase the Equity
Shares pursuant to the Purchase Agreement, dated December 22, 2000 by and
between Queenswood and Intel Corporation (the "Purchase Agreement"), attached
hereto as Exhibit 2 and incorporated herein by reference, was US$3,547,500.
Prior to the Company's initial public offering, in June 2000, Queenswood owned
1,363,000 Equity Shares. The total amount of funds required by Queenswood to
purchase all of these shares was $3,629,976, for an aggregate of $7,177,476. All
of the funds required to acquire the Equity Shares held by Queenswood were
obtained from the working capital of WPEP and WPVI, which funds were contributed
as a capital contribution to Queenswood to enable Queenswood to purchase the
Equity Shares.
Item 4. Purpose of Transaction.
On December 22, Queenswood acquired an additional 645,000 Equity Shares of
the Company for an aggregate purchase price of US$3,547,500 pursuant to the
Purchase Agreement.
-3-
<PAGE>
The purchase by Queenswood of the Equity Shares was effected because of the
Reporting Entities' belief that the Company represented, and that the Company
continues to represent, an attractive investment. WP views the investment as
attractive based on the Company's business prospects and strategy, and is very
supportive of the management team and its ability to execute this strategy. The
Reporting Entities may from time to time acquire additional Equity Shares or
engage in discussions with the Company concerning further acquisitions of Equity
Shares or further investments by them in the Company. The Reporting Entities
intend to review their investment in the Company on a continuing basis and,
depending upon the price and availability of the Equity Shares, subsequent
developments affecting the Company, the Company's business and prospects, other
investment and business opportunities available to the Reporting Entities,
general stock market and economic conditions, tax considerations and other
factors considered relevant, may decide at any time to increase, or to decrease,
the size of their investment in the Company.
Except as set forth above in this statement, none of the Reporting Entities
nor, to the best of their knowledge, any person listed in Schedule I or Schedule
II hereto, has any plans or proposals which relate to or would result in: (a)
the acquisition by any person of additional securities of the Company, or the
disposition of securities of the Company; (b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Company or any of its subsidiaries; (c) a sale or transfer of a material amount
of assets of the Company or any of its subsidiaries; (d) any change in the
present Board of Directors or management of the Company, including any plans or
proposals to change the number or term of directors or to fill any existing
vacancies on
-4-
<PAGE>
the board; (e) any material change in the present capitalization or dividend
policy of the Company; (f) any other material change in the Company's business
or corporate structure; (g) changes in the Company's charter, By-laws or
instruments corresponding thereto or other actions which may impede the
acquisition of control of the Company by any person; (h) causing a class of
securities of the Company to be delisted from a national securities exchange or
to cease to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; (i) a class of equity securities of
the Company becoming eligible for termination of registration pursuant to
Section 12(g)(4) of the Exchange Act; or (j) any action similar to any of those
enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) As of December 22, 2000, WP, EMW and Queenswood each beneficially owned
2,008,000 Equity Shares. WPEP and WPVI each beneficially owned 50% or 1,004,000
of the Equity Shares. By reason of their respective relationships with
Queenswood, each of the Reporting Enitities may be deemed under Rule 13d-3 of
the Exchange Act to own beneficially all of the Equity Shares that Queenswood
beneficially owns.
The 2,008,000 Equity Shares represented approximately 15.7% of the
outstanding Equity Shares, based on the 12,795,200 Equity Shares outstanding as
of September 30, 2000, as represented by the Company in its Form 6-K for the
quarter ended September 30, 2000.
(b) Queenswood has, and WP and EMW, by virtue of their control position
with respect to WPEP and WPVI, the two shareholders of Queenswood, may be deemed
-5-
<PAGE>
to have, the sole power to vote or to direct the vote and to dispose or to
direct the disposition with respect to the 2,008,000 Equity Shares owned by
Queenswood. By virtue of their ownership positions in Queenswood, WPVI and WPEP
each may be deemed to have shared power to vote or to direct the vote and to
dispose or to direct the disposition with respect to the Equity Shares owned by
Queenswood.
(c) Except for the transaction described in Item 4, during the last sixty
days there were no transactions effected by the Reporting Entities or by any of
the persons set forth on Schedules I and II hereto.
(d) Except as set forth in this Item 5, no person other than each
respective record owner referred to herein of securities is known to have the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
By virtue of the relationships among the Reporting Entities as described in
Item 2, the Reporting Entities may be deemed to be a "group" under the Federal
securities laws. Pursuant to Rule 13d-1(k) promulgated under the Exchange Act,
the Reporting Entities have entered into an agreement, attached hereto as
Exhibit 1, with respect to the joint filing of this statement, and any amendment
or amendments hereto.
-6-
<PAGE>
The Purchase Agreement by and between Queenswood Investments Limited and
Intel Corporation was entered into on December 22, 2000 and is described herein
in Item 3.
Pursuant to the terms of an Amended and Restated Shareholders' Rights
Agreement (the "Shareholders Agreement"), dated as of February 2000, among the
Company, Queenswood and certain other shareholders of the Company, the Company
agreed, among other things, to provide Queenswood and certain other shareholders
with demand and piggyback registration rights and certain preemptive rights.
Certain founding shareholders party to the Shareholders Agreement agreed to
provide co-sale rights in favor of Queenswood and certain other shareholders in
the event of a sale of Equity Shares by the founding shareholders. The foregoing
summary of the Shareholders Agreement is qualified in its entirety by reference
to the Shareholders Agreement, a copy of which is filed as Exhibit 3 hereto and
incorporated herein by reference.
Except as referred to above, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the persons named in
Item 2 or between such persons and any other person with respect to any
securities of the Company.
Item 7. Material to be Filed as Exhibits.
1. Joint Filing Agreement, dated as of December 29, 2000, by and among the
Reporting Entities.
2. Purchase Agreement, dated as of December 22, 2000, by and between
Queenswood Investments Limited and Intel Corporation.
-7-
<PAGE>
3. Amended and Restated Shareholders' Rights Agreement, dated as of
February 2000, among the Company, Queenswood and certain other shareholders of
the Company.
-8-
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: December 29, 2000 QUEENSWOOD INVESTMENTS LIMITED
By: /s/ Charles R. Kaye
------------------------------
Name: Charles R. Kaye
Title: Director
Dated: December 29, 2000 WARBURG, PINCUS EQUITY
PARTNERS, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Reuben S. Leibowitz
------------------------------
Name: Reuben S. Leibowitz
Title: Partner
Dated: December 29, 2000 WARBURG, PINCUS VENTURES
INTERNATIONAL, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Reuben S. Leibowitz
------------------------------
Name: Reuben S. Leibowitz
Title: Partner
<PAGE>
Dated: December 29, 2000 WARBURG, PINCUS & CO.
By: /s/ Reuben S. Leibowitz
------------------------------
Name: Reuben S. Leibowitz
Title: Partner
Dated: December 29, 2000 E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Reuben S. Leibowitz
------------------------------
Name: Reuben S. Leibowitz
Title: Member
<PAGE>
SCHEDULE I
----------
Set forth below is the name, position and present principal occupation of
each of the general partners of Warburg, Pincus & Co. ("WP") and members of E.M.
Warburg, Pincus & Co., LLC ("EMW LLC"). The sole general partner of Warburg,
Pincus Equity Partners, L.P. ("WPEP") is WP. WPEP, WP, and EMW LLC are
hereinafter collectively referred to as the "Reporting Entities". Except as
otherwise indicated, the business address of each of such persons is 466
Lexington Avenue, New York, New York 10017, and each of such persons is a
citizen of the United States.
<TABLE>
GENERAL PARTNERS OF WP
----------------------
<CAPTION>
---------------------------- -------------------------------------------------------------------
PRESENT PRINCIPAL OCCUPATION IN ADDITION
TO POSITION WITH WP, AND POSITIONS
NAME WITH THE REPORTING ENTITIES
---------------------------- -------------------------------------------------------------------
<S> <C>
Joel Ackerman Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Harold Brown Partner of WP; Member and Senior Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
W. Bowman Cutter Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Cary J. Davis Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Stephen Distler Partner of WP; Member, Managing Director and Treasurer of EMW LLC
---------------------------- -------------------------------------------------------------------
Stewart K. P. Gross Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
S-1
<PAGE>
---------------------------- -------------------------------------------------------------------
Patrick T. Hackett Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Jeffrey A. Harris Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
William H. Janeway Partner of WP; Member and Senior Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Douglas M. Karp Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Charles R. Kaye Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Henry Kressel Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Joseph P. Landy Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Sidney Lapidus Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Kewsong Lee Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Jonathan S. Leff Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Reuben S. Leibowitz Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
David E. Libowitz Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Nancy Martin Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Edward J. McKinley Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Rodman W. Moorhead III Partner of WP; Member and Senior Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Howard H. Newman Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
S-2
<PAGE>
---------------------------- -------------------------------------------------------------------
Gary D. Nusbaum Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Dalip Pathak Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Lionel I. Pincus Managing Partner of WP; Managing Member, Chairman of the Board and
Chief Executive Officer of EMW LLC
---------------------------- -------------------------------------------------------------------
John D. Santoleri Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Henry Schacht Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Steven G. Schneider Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
John L. Vogelstein Partner of WP; Member and Vice Chairman of EMW LLC
---------------------------- -------------------------------------------------------------------
Elizabeth H. Weatherman Partner of WP; Member and Managing Director of EMW LLC
---------------------------- -------------------------------------------------------------------
Pincus & Co.*
---------------------------- -------------------------------------------------------------------
NL & Co.**
---------------------------- -------------------------------------------------------------------
---------------------
* New York limited partnership; primary activity is ownership interest in WP and EMW LLC.
** New York limited partnership; primary activity is ownership interest in WP.
As of 6/00
</TABLE>
S-3
<PAGE>
<TABLE>
MEMBERS OF EMW LLC
------------------
<CAPTION>
------------------------------- -----------------------------------------------------------------------
PRESENT PRINCIPAL OCCUPATION IN ADDITION
TO POSITION WITH EMW LLC, AND POSITIONS
NAME WITH THE REPORTING ENTITIES
------------------------------- -----------------------------------------------------------------------
<S> <C>
Joel Ackerman Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Frank M. Brochin (1) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
Harold Brown Member and Senior Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
W. Bowman Cutter Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Cary J. Davis Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Stephen Distler Member, Managing Director, and Treasurer of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Tetsuya Fukagawa (2) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
Stewart K. P. Gross Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Alf Grunwald (3) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
Patrick T. Hackett Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Jeffrey A. Harris Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Roberto Italia (4) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
William H. Janeway Member and Senior Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
S-4
<PAGE>
------------------------------- -----------------------------------------------------------------------
Douglas M. Karp Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Charles R. Kaye Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Henry Kressel Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Rajiv B. Lall (5) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
Joseph P. Landy Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Sidney Lapidus Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Kewsong Lee Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Jonathan S. Leff Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Reuben S. Leibowitz Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
David E. Libowitz Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Nicholas J. Lowcock (6) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
John W. MacIntosh (7) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
Nancy Martin Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Edward J. McKinley Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
James McNaught-Davis (6) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
Rodman W. Moorhead III Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Howard H. Newman Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
S-5
<PAGE>
------------------------------- -----------------------------------------------------------------------
Gary D. Nusbaum Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Dalip Pathak Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Lionel I. Pincus Managing Member, Chairman of the Board and Chief Executive of EMW LLC;
Managing Partner of WP
------------------------------- -----------------------------------------------------------------------
John D. Santoleri Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Henry Schacht Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Steven G. Schneider Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Dominic H. Shorthouse (6) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
Melchior Stahl (3) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
Chang Q. Sun (8) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
John L. Vogelstein Member and Vice Chairman of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Elizabeth H. Weatherman Member and Managing Director of EMW LLC; Partner of WP
------------------------------- -----------------------------------------------------------------------
Jeremy S. Young (6) Member and Managing Director of EMW LLC
------------------------------- -----------------------------------------------------------------------
Pincus & Co.*
------------------------------- -----------------------------------------------------------------------
(1) - Citizen of France
(2) - Citizen of Japan
(3) - Citizen of Germany
(4) - Citizen of Italy
(5) - Citizen of India
(6) - Citizen of United Kingdom
(7) - Citizen of Canada
S-6
<PAGE>
(8) - Citizen of China
* New York limited partnership; primary activity is ownership interest in WP and EMW LLC
As of 6/00
</TABLE>
S-7
<PAGE>
SCHEDULE II
-----------
Set forth below is the name, position and present principal occupation of
each executive officer and director of Queenswood Investments Limited
("Queenswood"). Except as otherwise indicated, the business address of each of
such persons is c/o Warburg, Pincus & Co., 466 Lexington Avenue, New York, New
York 10017, and each of such persons is a citizen of the United States.
As used below, "WP" shall mean Warburg, Pincus & Co. and "EMW LLC" shall
mean E.M. Warburg, Pincus & Co., LLC.
<TABLE>
OFFICERS AND DIRECTORS OF QUEENSWOOD
------------------------------------
<CAPTION>
--------------------------- ---------------------------------------------------------------------
PRESENT PRINCIPAL OCCUPATION IN ADDITION
NAME TO POSITIONS WITH QUEENSWOOD
--------------------------- ---------------------------------------------------------------------
<S> <C>
Pierre Dinan (1) Chartered Accountant
--------------------------- ---------------------------------------------------------------------
Uday K. Gujadhur (1) Certified Accountant
--------------------------- ---------------------------------------------------------------------
Charles R. Kaye Partner of WP; Member and Managing Director of EMW LLC
--------------------------- ---------------------------------------------------------------------
Rajesh Khanna (2) Vice President of EMW LLC
--------------------------- ---------------------------------------------------------------------
Dalip Pathak Partner of WP; Member and Managing Director of EMW LLC
--------------------------- ---------------------------------------------------------------------
Pulak Prasad (2) Vice President of EMW LLC
--------------------------- ---------------------------------------------------------------------
(1) - Citizen of Mauritius
(2) - Citizen of India
</TABLE>
<PAGE>
Exhibit Index
Exhibit 99.1 Joint Filing Agreement, dated as of December 29, 2000, by and
among the Reporting Entities.
Exhibit 99.2 Purchase Agreement, dated as of December 22, 2000, by and between
Queenswood Investments Limited and Intel Corporation.
Exhibit 99.3 Amended and Restated Shareholders' Rights Agreement, dated as of
February 2000, among the Company, Queenswood and certain other
shareholders of the Company.
