CapMan - Changes board/management/auditors

Heikki Westerlund appointed CEO of CapMan

CapMan Plc Stock Exchange Release 8 August 2013 at 8.35 a.m. EEST

Heikki Westerlund appointed CEO of CapMan

Heikki Westerlund has been appointed CEO of CapMan as of 8 August 2013. As a
consequence of Westerlund's appointment, Karri Kaitue was elected Chairman of
the Board."We are extremely pleased that Heikki Westerlund steps up as CEO. His extensive
private equity experience and know-how of CapMan provide a good foundation for
the objective to develop CapMan further. The Board would also like to thank Niko
Haavisto for his excellent contribution as CEO during the interim period," says
Karri Kaitue, who headed the task force responsible for the recruitment of the
CEO."We are on the right track, as demonstrated by our interim report. In
conjunction with the CEO selection process, we updated CapMan's business plan
for next few years. We will build our competitiveness around our recognized
strengths within our present strategic framework. In addition to the further
development of our existing business, our goal is to grow through selective new
product launches and possible acquisitions. The new growth areas do not affect
the operating ability of our existing focused investment teams. The experienced
investment teams operating as separate partnerships will continue to conduct
investment operations independently," says Heikki Westerlund.

Westerlund continues: "CapMan's yet partially underutilised strengths are, among
others, the ability to efficiently manage funds in an increasingly complex
environment and to distribute fund products internationally. I believe that we
are able to further clarify our business model and thereby improve its
manageability. Future development will focus on high fund returns generated by
the investment partnerships, in addition to selective introduction of new
investment areas - not the mechanic expansion of capital under management. Our
key financial target is to reach solid EPS growth."

As a consequence of Westerlund's appointment, he stepped down from CapMan's
Board of Directors. Karri Kaitue, the Vice Chairman of the Board, was elected
Chairman on 7 August 2013."This solution follows corporate governance best practices, where the CEO is not
a member of the Board of Directors," says Kaitue.

Niko Haavisto, CapMan's CEO for the interim period, will continue as CFO.

Heikki Westerlund, a Senior Partner at CapMan, was CapMan's CEO from 2005 to
2010. He joined CapMan in 1994 and has headed CapMan's Technology and Buyout
teams. Prior to CapMan, he worked for the Finnish Innovation Fund, Sitra.
Westerlund owns 3.5% of CapMan's stock and 10.5% of the voting rights in the
company.

Karri Kaitue has worked as Deputy Chief Executive Officer of Outokumpu Group
during 2005-2011. He was a member of the Outokumpu Group Executive Committee
during 2002-2011.



For additional information, please contact:

Heikki Westerlund, CEO, CapMan Plc, tel. +358 207 207 504 or +358 50 559 6580
Karri Kaitue, Chairman of the Board, CapMan Plc, tel. +358 40 501 5054



CAPMAN PLC

Linda Tierala
Manager, Communications and IR


DISTRIBUTION
NASDAQ OMX Helsinki
Principal media
www.capman.com



CapMan www.capman.com
CapMan Group is one of the leading private equity firms in the Nordic countries
and Russia, with assets under management of €3.3 billion. CapMan has five key
investment partnerships - CapMan Buyout, CapMan Russia, CapMan Credit, CapMan
Public Market, and CapMan Real Estate - each of which has its own dedicated
investment team and funds. Altogether, CapMan employs 105 people in Helsinki,
Stockholm, Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has
been listed on the Helsinki Stock Exchange since 2001.




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