CapMan - Company Announcement

CapMan to exit Pretax, impact on CapMan Plc’s result for 2010 approx. €1.5 million

CapMan Plc Stock Exchange Release 7 January 2010 3.30 p.m.


CapMan to exit Pretax, impact on CapMan Plc's result for 2010 approx. €1.5
million

Five funds managed by CapMan have signed an agreement under which they will sell
their approximately 30% holding in the Finnish financial management and payroll
processing services company, Pretax Oy, to a fund managed by Sponsor Capital.
The transaction is expected to be completed by the end of the first quarter of
2010 and is anticipated to have an approximately €1.5 million impact on CapMan
Plc's result for 2010 as a result of carried interest income received from the
Finnventure Fund V. The closing of the exit requires the completion of customary
closing conditions.

The Finnventure Fund IV, Finnventure Fund V, and the Finnmezzanine Funds III A,
B, and C made their initial investment in Pretax in 2000, and was followed by
add-on investments, largely for M&A purposes. Pretax has expanded from Finland
into the other Nordic countries, Russia and the Netherlands during CapMan's
ownership and employs close to 1,400 people in seven countries today. Pretax
expects to record net sales of some €101 million in 2009.

“We saw a good opportunity to take part in the changes reshaping the financial
management of small and medium-sized companies by investing in Pretax, and be
part of consolidation in the field and moves to leverage the potential of new
technology in accounting,” says CapMan Senior Partner Olli Liitola. “The
company's net sales have over thirty-folded during our ownership period. After a
relatively long holding period the exit now announced was a normal step.”

“We have been very satisfied with how Pretax has developed during the time
CapMan has been involved with the company. Pretax is well-placed to continue
seeking further growth, and the other major owners continue supporting the
company. In order to secure the company's growth it was a natural step forward
to search a financial owner for CapMan's share in Pretax”, says Asko Schrey, the
CEO of Pretax Oy and its largest owner.

The investment in Pretax has proved a very good one for investors in the CapMan
funds concerned.

Further information:
Olli Liitola, Senior Partner, CapMan Buyout, tel. +358 400 605 040
Asko Schrey, CEO, Pretax Oy, tel. +358 40 500 1655


CapMan Plc


Mari Reponen
Communications Director
Investor Services

DISTRIBUTION
Helsinki Stock Exchange
Principal media
www.capman.com


CapMan  www.capman.com
CapMan is one of the leading alternative asset managers in the Nordic countries
and Russia and manages private equity funds with approximately EUR 3.5 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 approx. 150 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow.
CapMan was established in 1989 and its B shares are listed on the Helsinki Stock
Exchange since 2001.


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