CapMan - Company Announcement

CapMan Plc sells its stake in Access Capital Partners, impact on 2008 result EUR 18.0 million

CapMan Stock Exchange Release 25 July 2008 at 9.00 a.m.

CapMan Plc and N+1 Group have signed an agreement for the transfer of
CapMan's 35 per cent stake in Access Capital Partners Group S.A.
(Access) to N+1 Group. The transaction price for Access shares is at
maximum EUR 23.3 million, and the transaction has an impact of EUR
18.0 million on CapMan Plc 2008 result. N+1 Group will pay EUR 16.5
million of the transaction price at the closing of the transaction
and the remaining share in 2012. Part of the remaining transaction
price is tied in Access' development in the coming years. The payable
taxes in 2008 are estimated to be approximately EUR 2.2 million.
CapMan's right to the possible carried interest income to be accrued
from funds and private equity mandates currently managed by Access
will remain unchanged after the transaction excluding Access Capital
Fund IV Growth Buy-out.

Access Capital Partners is a leading European manager and advisor of
private equity funds of funds and mandates, with assets totalling
approx. EUR 2.5 billion. Its funds and mandates invest in
Western-European small, mid-market buyout and special situations
funds as well as later stage and buyout funds in the technology
space. CapMan was a co-founder of Access in 1999 together with the
current Access managing partners.

N+1 Group is a Madrid-based alternative assets manager as well as
financial and wealth advisory firm. It has over EUR 3 billion of
assets under management."CapMan's investment focus has been in the Nordic countries, and
recently we expanded our operations also to Russia and to listed
Nordic companies. We are grateful for having been able to contribute
to the development of Access in its first ten years of operations.
Access managing partners have done a brilliant job in growing the
company to one of the leading European funds of funds. We also
believe that N+1 will help the company to grow further. In the future
we will focus on developing our core businesses in our current market
areas. In addition, the assets gained through the Access transaction
will be used to finance CapMan's own fund investments", says CapMan
Plc's CEO Heikki Westerlund.

The closing of the transaction requires i.a. the approval of the
relevant regulatory authorities.


For more information, please contact:
Heikki Westerlund, CEO, CapMan Plc, tel. +358 207 207 504 or +358 50
559 6580


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 manages Nordic funds with approximately EUR 3.1 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 are listed on the Helsinki Stock Exchange since
2001.

Access Capital Partners  www.accesscapitalpartners.com
Access Capital Partners is a leading, independent European provider
of Private Equity investment products and services. With EUR 2.5
billion under management, the firm specializes in small to mid-market
buy-out and special situations funds as well as later stage and
buy-out funds in the technology space. Access Capital Partners
currently advises or manages 4 generations of co-mingled funds of
funds as well as 9 single client mandates. The firm currently has a
staff of 30 including 6 partners operating or advising from Paris,
Brussels and Munich.

N+1 Group  www.nplus1.es
N+1 is a leading Spanish independent company in the alternative asset
management and financial and wealth advisory services industry. N+1
currently manages and advises over EUR 3,000 million of assets in
private equity, energy, active funds, restructuring and hedge funds
among others asset classes. The company also provides advice to
family groups in the overall management of their wealth and
investment banking services to companies and institutions in the
middle market segment. More than 150 people work for the company in
its offices in Madrid, Barcelona, London and Frankfurt.