CapMan - Company Announcement

CapMan Buyout IX fund established at EUR 203 million

CapMan Plc Stock Exchange Release 23 December 2008 9.00 a.m EET

Disclaimer
This stock exchange release is issued pursuant to the requirements of
Finnish securities laws and regulations and it may not be copied or
forwarded on by any person. This notice is not an offer of securities
for sale in the United States or to a US person. The securities
described in this notice have not been registered under the United
States Securities Act of 1933 and may not be offered or sold in the
United States or to a US person absent registration or an applicable
exemption from the registration requirements. The terms "United
States" and "US person" each have the meanings set forth in
Regulation S promulgated under the United States Securities Act of
1933.

CapMan Plc has established its ninth buyout fund. The first closing
of CapMan Buyout IX was held today at EUR 203 million. CapMan Buyout
IX will invest in middle market buyout transactions in the Nordic
countries. The establishment of the fund will have no impact on
CapMan Plc's result for 2008.

To date 11 institutional investors from the Nordic countries as well
as CapMan Plc have made investment commitments to the CapMan Buyout
IX fund. CapMan Plc's own commitment is EUR 13 million. Fundraising
for the CapMan Buyout IX fund started in September 2008."The fundraising climate is currently extremely tough. We're very
pleased that many of our existing investors have been able to join
this closing despite the market turbulence," says CapMan Senior
Partner Jerome Bouix, who is responsible for fundraising for CapMan
funds.

The establishment of CapMan Buyout IX raises the capital under
management in CapMan funds to approx. EUR 3.4 billion. During the
fund's investment period the management fee paid by the fund to
CapMan is based on the fund's final size and thereafter on the
acquisition cost of the remaining portfolio. The management fee will
start to accrue from the first investment made by the fund.

CapMan Buyout IX will start to generate carried interest when
investors have regained their investment and a preferred annual
return of 8% on their investment. This normally takes 6 to 7 years.
After the fund has transferred to carry the division of the fund's
cash flows will be 80% to investors, 10% to CapMan Plc and 10% to the
investment team responsible for the fund's investment activities
during its life cycle. The impact of the fund's establishment on
CapMan Plc's result for 2009 will depend, among other things, on the
final size of the fund.

For more information, please contact:
Heikki Westerlund, CEO of CapMan Plc, Senior Partner, tel. +358
207 207 504 or +358 50 559 6580
Jerome Bouix, Head of Investor Services, Senior Partner, tel. +358
207 207 558 or +358 40 820 8541


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 Russia and manages private equity funds with
approximately EUR 3.4 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 140 people in Helsinki, Stockholm, Copenhagen, Oslo and
Moscow. CapMan was established in 1989 and its B shares have been
listed on the Helsinki Stock Exchange since 2001.