CapMan - Company Announcement

CapMan Mezzanine V holds first closing at EUR 60 million

CapMan Plc Stock Exchange Release 22 September 2010 at 14.00 p.m.

CapMan Mezzanine V holds first closing at EUR 60 million

CapMan Plc has established its fifth mezzanine fund CapMan Mezzanine V. The fund
has today held its first closing at EUR 60 million. CapMan Mezzanine V will
invest in mid market companies in the Nordic region. The establishment of the
fund will not have a substantial impact on CapMan Plc's result in 2010."The first closing means that we are now able to start the fund's investment
operations and to take full advantage of the strong deal flow that we are
currently seeing as a result of CapMan Buyout's extensive coverage of the Nordic
market. We look forward to continuing our mezzanine investment strategy of
supporting Nordic mid market companies," says CapMan Buyout's Mezzanine
Director, Niklas Östborn.

CapMan Buyout has one of the most extensive mezzanine investment track records
in the Nordic region. Since the foundation of its mezzanine investment
activities in 1995, CapMan Buyout has invested the capital of four mezzanine
funds in 49 mid market companies. The portfolio companies typically have
enterprise values of EUR 50 million to EUR 250 million and the mezzanine
investments range in size from approximately EUR 10 million to EUR 20 million
per company.

CapMan Mezzanine V will make mezzanine investments primarily in Nordic companies
controlled by CapMan Buyout IX fund. The target size of the new fund is EUR 150
million. CapMan Plc has committed EUR 5 million to the fund.

 "Although the fundraising market continues to remain challenging, mezzanine is
viewed as an attractive product by many institutional investors. Mezzanine
investments provide investors with an appealing risk-return profile with
combination of downside protection, regular cash flow from interest payments and
an equity upside potential through access to capital gains," says Jerome Bouix,
CapMan Plc's Deputy CEO and Senior Partner responsible for fundraising.

The management fee and carried interest arrangements of the new fund are in
accordance with common practice in the industry. 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 fund will transfer to carry when investors have regained their investment
and a preferred annual return on their investment. After transferring to carry
80% of the fund's cash flow will go to the fund's investors, 10% to CapMan Plc
and 10% to the investment team responsible for managing the fund.

For further information, please contact:
Jerome Bouix, Deputy CEO, CapMan Plc and Senior Partner, tel. +358 (0)40
820 8541
Niklas Östborn, Mezzanine Director, CapMan Buyout, tel. +46 (0)8 545 854 76 or
+46 (0)702 31 57 51


CAPMAN PLC

Mari Reponen
Communications Director
Investor Services



DISTRIBUTION
Helsinki Stock Exchange
Principal media
www.capman.com

CapMan
CapMan is one of the leading alternative asset managers in the Nordic countries
and Russia and manages private equity funds with approximately EUR 3.6 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 approximately150 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.


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