CapMan - Company Announcement

CapMan Plc's Access sale called off

CapMan Plc   Stock Exchange Release   10 October 2008 at 12.10 p.m.

With the cancellation of the transaction CapMan Plc's result in 2008
will fall clearly behind the 2007 result. The Spanish N+1 Group (N+1)
has informed CapMan Plc that due to the current general financial
crisis it is unable to utilise the pre-agreed financing for the
acquisition of Access Capital Partners Group S.A. (Access) shares
from CapMan Plc. As a result, N+1 intends to call off the
transaction. CapMan Plc is waiting for a written notice on the matter
from N+1, and will continue as a 35 per cent owner of Access.  The
parties continue to discuss possible other forms of co-operation.

CapMan Plc announced on 25 July 2008 that it has signed an agreement
for the transfer of CapMan's 35 per cent stake in Access to N+1. The
announced transaction price for Access shares was at the time of the
signing at maximum EUR 23.3 million and the estimated impact of the
transaction, when closed, EUR 18 million on CapMan Plc 2008 result.
The transaction was expected to be closed by the end of 2008.

CapMan Plc continues as a 35 per cent shareholder in Access after the
cancellation of the deal. The other owners are Access' Managing
Partners. Access is a leading European private equity funds of funds
manager with EUR 2.5 billion under management. The company has
succeeded well in the past and is well poised to continue
out-performing also in future due to its diversification and active
portfolio management. Access also recently closed its fourth
generation buyout fund of funds and is well positioned to benefit
from the attractive investment opportunities of the current market
situation.


For additional information, please contact:
Heikki Westerlund, CEO, CapMan Plc, tel.  +358 50 559 6580 or
+358 207 207 504


CAPMAN OYJ


Mari Reponen
Communications Director
Investor services


DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.capman.com


CapMan  www.capman.com
CapMan is one of the leading alternative asset managers in the Nordic
countries and manages Nordic funds with approximately EUR 3.2 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 are listed on the Helsinki Stock Exchange since
2001.