CapMan - Company Announcement

CapMan to reorganise its technology investment operations, will have at maximum an impact of EUR -5 million on CapMan's result for 2010

CapMan Plc Stock Exchange Release 17 November 2010 9.30 a.m.

CapMan to reorganise its technology investment operations, will have at maximum
an impact of EUR -5 million on CapMan's result for 2010

CapMan has decided to reorganise its technology investment operations, a move
that will have at maximum an impact of EUR -5 million on the company's result
for 2010. The change will see the CapMan Technology Team focusing on developing
the value of its existing portfolio companies and maximising the return received
by investors from now on. The Nordic technology sector and financing growth will
remain in the focus of CapMan's other funds also in future."CapMan's goal is to offer the investors in its funds a return on their
investment matching the top quartile returns in the field," says CEO Lennart
Simonsen. "The performance of early-stage technology investments in particular
has not provided, not in Europe or in our operations, a sufficient level of
risk-adjusted return for investors in recent years, and as a result we have
decided not to establish any new, independent technology funds in future."

The CapMan Technology 2007 fund will not invest in any new portfolio companies
from now on, and the CapMan Technology Team will instead focus on developing the
value of its existing portfolio companies and maximising returns for its
investors. The costs of the reorganization will be at maximum EUR -5 million in
2010. CapMan will book at maximum a EUR 3.8 million write-down against the
goodwill associated with the Swedestart transaction dating from 2002. In
addition EUR 1.2 million will be reserved for restructuring expenses. The
goodwill write-down will have no impact on the Group's cash flows.

CapMan already earlier announced that it will not establish new, independent
life science funds."The Nordic technology sector, growth financing, and health care will,
nevertheless, remain an investment focus for CapMan's other funds in the
future," says Simonsen. "There are 20 companies in the portfolios of our
technology funds at the moment and 12 in those of our life science funds. The
CapMan Technology 2007 and CapMan Life Science IV funds in particular have
extensive add-on investment capital available for developing their existing
investments. The companies in our Technology and Life Science portfolios are
generally in good shape and many of them have significant additional value
creation potential."

The Head of the CapMan Technology Team, Senior Partner Petri Niemi, has resigned
from the company and will remain with CapMan until 31 December 2010. Senior
Partner Vesa Walldén has been appointed as his successor as of 1 January 2011.


Further information:
Lennart Simonsen, CEO, tel. +358 (0)207 207 567


CAPMAN PLC



Mari Reponen
Communications Director
Investor Services



DISTRIBUTION
NASDAQ OMX Helsinki
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 approximately 150 people in Helsinki, Stockholm, Copenhagen, Oslo,
Moscow and Luxembourg. CapMan was established in 1989 and its B shares have been
listed on the Helsinki Stock Exchange since 2001.




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