CapMan establishes a Public Market fund that will utilise private equity style value creation methods in public markets

CapMan Plc      Stock Exchange Release 11 July 2008 2.05 p.m.


Disclaimer
This stock exchange release is issued pursuant to the requirements of
Finnish securities laws and regulations. This  notice is not an offer
of securities for sale in the United States or to a US  person. The
securities described in this notice have not been registered  under
the United States Securities Act of 1933 and may not be offered or
sold in  the United States or to a US person absent registration or
an exemption from the  registration requirements. The terms "United
States" and "US person" each  have the meanings set forth in
Regulation S promulgated under the United States  Securities Act of
1933.

CapMan Plc has established a new equity fund, CapMan Public Market,
investing in Nordic public companies. The fund's first closing was
held today at EUR 90 million in investment commitments, of which
CapMan Plc's share is EUR 15 million. The establishment of the fund
is the start of CapMan's sixth investment area, CapMan Public Market,
which will be headed by Jukka Ruuska, LL.M., MBA. The establishment
of the fund will not have a substantial impact on CapMan Plc's result
for 2008.

The fund will invest in Nordic public companies that have a market
capitalisation of EUR 100-1,000 million, i.e. mid cap companies. The
fund's fundraising continues."We have taken this year two major steps forward in CapMan's strategy
of exploiting growth opportunities in the alternative asset class by
expanding our operations to Russia and establishing the Public Market
Fund. The cornerstone of our growth has been the last nearly 20 years
our active ownership methodology in developing portfolio companies,"
says CapMan Plc's CEO Heikki Westerlund."Now that the fund has been established, we're very keen to start
investment operations. Our aim is to invest in 4 to 6 companies which
have significant value creation potential, and to develop the
companies by utilising private equity style active ownership, such as
proactive board work and the opportunity of developing a company
following a 3-5 year value creation programme. Our investment
strategy is friendly. To successfully develop portfolio companies, it
is central that we find a shared vision with other owners," says
Jukka Ruuska, Head of the CapMan Public Market team.

CapMan Plc's own commitment to the fund is EUR 15 million. The
management fee paid by the fund to CapMan is based on the original
fund size during the fund's investment period and thereafter on the
remaining portfolio at acquisition cost. The management fee level
corresponds to that CapMan receives from other funds investing in
portfolio companies. The fund will start generating carried interest
income after it has returned the original investment to investors in
addition to a preferential return linked to market return. CapMan
Plc's share of any carried interest will be 50% and the CapMan Public
Market investment team's share will be 50%.

For further information, please contact:
Heikki Westerlund, CEO, CapMan Plc, tel. +358 207 207 504 or +358 50
559 6580
Jukka Ruuska, Head of CapMan Public Market, tel. +358 50 1732

CAPMAN PLC

Mari Reponen
Communications Director
Investor Services

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www.capman.com

CapMan  www.capman.com
CapMan is one of the leading alternative asset managers in the Nordic
countries and manages Nordic funds with approximately EUR 3.2 billion
in total capital. CapMan has six investment areas (CapMan Buyout,
CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public
Market and CapMan Real Estate), and each of them has a dedicated team
and funds. Altogether CapMan employs 130 people in Helsinki,
Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in
1989 and its B shares have been listed on the Helsinki Stock Exchange
since 2001.