CapMan - Company Announcement

Decisions adopted in the organizing meeting of CapMan Plc Board of Directors

CapMan Plc Stock Exchange Release 30 March 2011 1.45 p.m. EET

Decisions adopted in the organizing meeting of CapMan Plc Board of Directors


Heikki Westerlund was elected Chairman and Teuvo Salminen Vice Chairman of the
Board of Directors in the Board of Directors' organizing meeting that took place
today after the Annual General Meeting.

The Board of Directors established Audit, Nomination and Remunerations
Committees from among its members as follows:

Audit Committee
  * Teuvo Salminen (Chairman)
  * Conny Karlsson


Remuneration Committee
  * Nora Kerppola (Chairman)
  * Koen Dejonckheere
  * Claes de Neergaard


Nomination Committee
  * Heikki Westerlund (Chairman)
  * Koen Dejonckheere
  * Teuvo Salminen



Independence of the members of the Board of Directors

The Board of Directors assessed the independence of its members and concluded
that Nora Kerppola and Claes de Neergaard are independent of both the company
and its significant shareholders. Koen Dejonckheere is independent of the
company, but non-independent of its significant shareholders. Conny Karlsson and
Teuvo Salminen, who act as CapMan advisors, are non-independent of the Company
but independent of its significant shareholders. Heikki Westerlund is non-
independent of both the Company and its significant shareholders.

CapMan deviates from the recommendation 26 of the Finnish Corporate Governance
Code, which concerns the independence of the members of the audit committee of
the company and of the significant shareholders. In line with recommendation
25, the Board of Directors has elected those members to the Audit Committee that
have the best qualifications to perform the responsibilities of the Audit
Committee. The Board of Directors has decided, in line with recommendation 22,
that due to the low number of board members the Audit Committee consists of two
members only.


CAPMAN PLC

Mari Reponen
Communications Directors


Additional information:
Heidi Sulin, Head of Legal and Compliance, tel. +358 207 207 517



Distribution:
NASDAQ OMX Helsinki Ltd
Principal media
www.capman.com


CapMan
CapMan is one of the leading private equity firms in the Nordic countries and
Russia, with assets under management of €3.5 billion. CapMan has four key
investment partnerships - CapMan Buyout, CapMan Russia, CapMan Public Market,
and CapMan Real Estate - each of which has its own dedicated investment team and
funds. Altogether, CapMan employs 150 people in Helsinki, Stockholm, Oslo,
Moscow, Copenhagen and Luxembourg. CapMan was established in 1989 and has been
listed on the Helsinki Stock Exchange since 2001.

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