CapMan - Company Announcement

CapMan completes exit from Cardinal Foods

CapMan Plc Stock Exchange Release - 4 June 2013 at 8.30 a.m. EET

CapMan completes exit from Cardinal Foods

Funds managed by CapMan have completed the exit from Cardinal Foods AS as
announced on 3 April 2013. CapMan funds sold their equity stakes in Cardinal
Foods to a company formed by Swedish agricultural cooperative Lantmännen Group
and private equity firm CapVest. The investment in Cardinal Foods has been
excellent for investors in CapMan's funds."We headed several value creating initiatives during our holding period,
including four add-on acquisitions, expansion of the distribution channels and
tripling the capacity of production facilities providing improved operational
efficiency and economies of scale. As one of the leading producers and
distributors of eggs and poultry products in Norway, Cardinal Foods has
excellent potential for continued success under its new ownership," says Kai
Jordahl, Senior Partner and Head of CapMan Buyout.

The impact of the transaction on CapMan Group's current year financial result is
approx. €1.4 million from carried interest income mainly from the CapMan Equity
VII B fund and €0.4 million in returns from own fund investments. Returns from
fund investments were accounted for already in the first quarter of 2013.The
transaction contributes €3.7 million to CapMan Group's 2013 cash flow.

Three companies, of which one has been partially exited, remain in the CapMan
Equity VII B fund portfolio. Following the sale of Cardinal Foods, CapMan Equity
VII A and Sweden KB funds are significantly closer to carry. The funds currently
hold a total of eight companies in their portfolios.

For more details about the transaction, please see CapMan's stock exchange
release published on 3 April 2013.

For more information, please contact:

Kai Jordahl, Senior Partner and Head of CapMan Buyout, tel. +47 90 98 22 71
Niko Haavisto, CEO and CFO, CapMan Plc, tel. +358 207 207 583 or
+358 50 465 4125
Torfinn Prytz Higdem, CEO Cardinal Foods AS, tel. +47 99 04 48 76



CAPMAN PLC

Linda Tierala
Manager, Communications and IR



DISTRIBUTION

NASDAQ OMX Helsinki
Central 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 approximately €3.3 billion. CapMan
has five 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.

Cardinal Foods AS www.cardinalfoods.no
Cardinal Foods is a leading supplier of white meat and eggs and has a
significant position in the Norwegian market. The company's strategy is to
continue to develop the most efficient production facilities for poultry and
eggs in Norway, combined with innovative and consumer-friendly, top quality
products. The company controls the entire value chain, from farmer to consumer.
Slaughtering, cutting and processing of white meat are carried out at Jæren and
Stokke in Vestfold in efficient and full-scale production plants. Egg processing
takes place in Norway's most modern facilities for egg processing, located in
Ski.




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