CapMan - Company Announcement

Heikki Westerlund proposed to become Chairman of CapMan Plc Board

CapMan Plc Stock Exchange Release 5 February 2009 8.25 a.m.


Heikki Westerlund proposed to become Chairman of CapMan Plc Board
- Next step in generation shift

CapMan Plc has today announced in the notice of its Annual General Meeting (AGM)
that Ms. Sari Baldauf, Mr. Conny Karlsson, Mr. Tapio Hintikka and Mr. Teuvo
Salminen shall be proposed to be re-elected to the Board of Directors of CapMan
Plc in the AGM on 30 March 2010 and that Mr. Koen Dejonckheere, CEO of Gimv, and
Mr. Heikki Westerlund, current CEO of CapMan Plc, shall be proposed as new
candidates to the Board.

Ari Tolppanen has served as Chairman of the CapMan Plc Board for the past five
years and at the same time worked as investment professional in CapMan Buyout
team. He has now expressed his desire to leave the Board and concentrate fully
on making new investment and serving in the boards of CapMan's portfolio
companies. As a founding partner, Mr. Tolppanen served as CapMan CEO during
1989-2005.

CapMan Plc shareholders representing more than ten (10) per cent will recommend
that CapMan Plc's current CEO Heikki Westerlund shall be chosen the Chairman of
the Board of Directors. The Chairmanship of CapMan Plc is not a full time duty.
Mr. Westerlund's daily work would focus on CapMan's investment activities,
especially developing best practices, making new investments e.g. as a chairman
of the investment committees of CapMan's buyout and public market funds, and
working with portfolio companies.

CapMan Plc Board of Directors has appointed a taskforce to find a new CEO for
the Group. Tapio Hintikka will act as the taskforce chairman with Sari Baldauf,
Ari Tolppanen and Heikki Westerlund as members. Westerlund will continue as
Group CEO until a new CEO has been appointed and will start in the position."CapMan has doubled in size under Heikki's leadership and at the same time he
has systematically created the infrastructure and service platform which will
allow us to continue on our growth path. Thanks to this operational structure,
we have weathered the turbulent market conditions during the past years well.
Our portfolio remains in good condition and our funds have approximately EUR
1.0 billion investment capacity for new acquisitions and follow-on investments
in future," states CapMan Chairman Ari Tolppanen."During the next coming years we will concentrate on further development of our
six investment areas and will seek organic growth primarily through raising new
funds for them.  Hence, this moment provides a perfect opportunity to continue
implementing our succession plan, and for Heikki to assume the responsibilities
of chairman after successful five years as CapMan's CEO," Tolppanen continues."The years as the CEO of CapMan have been extremely interesting and personally
rewarding. CapMan's future prospects are good and we are well positioned for
continuing growth and clearly improved profitability," says CapMan CEO Heikki
Westerlund."As in many expert organisations I feel natural to limit the CEO tenure to five
years. It has been a privilege to lead this organisation and see it grow from a
local Finnish company into international, listed finance organisation,"
Westerlund states and continues: "CapMan continues to provide a fascinating
vantage point to the society in general and the finance industry in particular.
I look forward to dedicate more time to the investment activities and to
formulate CapMan's future strategy. Ari's leadership in succession planning has
been invaluable and underlines the strength of our culture and business
model."


For more information, please contact:
Ari Tolppanen, Chairman of the CapMan Plc Board of Directors, tel. +358
207 207 507 or +358 500 407 343
Heikki Westerlund, CEO of CapMan Plc, tel.  +358 207 207 504 or +358 50 559 6580



CAPMAN PLC
Board of Directors



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 nearly 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.



[HUG#1381022]