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2009-02-24 11:32:22 CET 2009-02-24 11:33:21 CET REGULATED INFORMATION Amanda Capital - Company AnnouncementMARTIN PAASI APPOINTED CEO OF AMANDA CAPITAL PLCAMANDA CAPITAL PLC STOCK EXCHANGE RELEASE February 24, 2009 MARTIN PAASI APPOINTED CEO OF AMANDA CAPITAL PLC The Board of Directors of Amanda Capital Plc has appointed Martin Paasi, M.Sc. (Econ.), CEFA, CEO of the company. He will take over the responsibility as 9.3.2009. Paasi (born 1972) joins Amanda Capital from the position of CEO of East Capital Asset Management. He has been working for East Capital Asset Management since 2006. Prior to that Paasi worked as CEO of Seligson & Co Fund Management Company. Amanda Capital Plc's Chairman of the Board Esa Karppinen: "We are pleased to welcome Martin Paasi to Amanda Capital. His experience in alternative investments, capability of leading professional organisations in Nordic countries and a strong commitment will make him an excellent addition to Amanda team.” Martin Paasi: ”Amanda is a professional in alternative investments, especially in private equity. The company's good earnings history, almost debt free balance sheet and strong visible and known owners will set a good foundation to continue developing further growth according to Amanda's strategy”. Additional Information: Esa Karppinen, Chairman of the Board +35850-2089 Martin Paasi +46702881157 News conference for media on February 24 at 15.00 Esa Karppinen, Chairman of the Board of Directors of Amanda Capital Plc, will introduce the new CEO Martin Paasi at a news conference today, Tuesday, February 24, 2009 at 15.00 in Amanda Capital Plc' office, address Aleksanterinkatu 15 a, Helsinki. The conference will be held in Finnish. Welcome. Distribution: OMX Nordic Exchange in Helsinki, www.amandacapital.fi The Amanda Group is a private equity management company. Its parent company is the first publicly listed private equity fund of funds in Scandinavia. Amanda has investments in 24 private equity funds and in four funds of funds under Amanda's own management. Amanda Group is one of Finland's largest management companies of private equity fund investments. It manages several private equity fund portfolios under consultancy agreements and six private equity funds of funds with several domestic and international institutions as investors. Amanda Group currently has EUR 2.5 billion of assets under management (original investment commitments) with which it has made investments in more than 100 private equity funds in Europe, the US, Asia, and Russia. |
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