Talentum Oyj - Company Announcement

TALENTUM TO SELL MAIN PART OF TV CONTENT PRODUCTION

TALENTUM OYJ	STOCK EXCHANGE RELEASE	22 JANUARY 2008 at 8.45 am	                 
TALENTUM TO SELL MAIN PART OF TV CONTENT PRODUCTION                             

Talentum Oyj has today agreed on the sale of Varesvuo Partners Oy, which focuses
on TV content production. The buyer is a company established by the CapMan      
Buyout VIII Fund, which is managed by CapMan Plc. Varesvuo Partners' 59% holding
in the parent company of the sub-group Oy Filmiteollisuus Fine Ab, which will be
transferred to Talentum Oyj in the form of a subsidiary. Talentum's strategy is 
to focus on publishing, and the transaction now agreed will support the         
implementation of that strategy. Finalization of the transaction will require   
approval from the competition authorities. CapMan intends to notify the Finnish 
Competition Authority of the transaction as soon as possible. In addition, this 
transaction is subject to fulfilment of certain other conditions agreed upon.   
The concluding of the transaction will be publicized separately.                
Varesvuo Partners is engaged in tv-programme and commercial production as well  
as broadcast equipment rental. The subsidiaries of Varesvuo Partners are e.g.   
Moskito Television Oy, Woodpecker Film Oy, Kaivopuiston Grillifilmi Oy and the  
classical music record label Ondine Oy. Talentum acquired 47.5% of the Varesvuo 
Partners Group in 1997 and the remaining in 2002 and 2005. Talentum is      
concentrating on publishing aimed at professionals, and TV programme production 
and commercials are no longer seen as generating synergy with the core business.

The debt-free price of the corporate transaction amounts to EUR 11.0 million.   
The net cash-flow from the transaction is estimated to amount to about EUR 9.4  
million thus causing Talentum Group a profit of EUR 1.0 million (estimate) on   
the sale for the first quarter of 2008.                                         

The net sales of the TV content production sold (excluding the associated       
companies) totalled EUR 12.1 million in January-September 2007, and the         
operating profit was EUR 0.5 million. There are about 74 employees.             

“Talentum's strategy is to focus on publishing for professionals. The           
discontinuing of TV content production is a logical step included in this       
strategy. This transaction will release capital and free up time for management 
to concentrate on expanding the core business. TV content production is an      
interesting field, but the general trend in the publishing sector that focuses  
on professionals justifies our giving it up. I would like to thank the          
management and employees of Varesvuo Partners for the years we have shared, and 
I wish them success,” says Juha Blomster, the CEO of Talentum.                  

“The Varesvuo Partners group of companies is a pioneer in the production of     
Finnish TV commercials and independent programmes. The group has a great deal of
robust expertise and creativity. When Talentum expressed its desire to divest   
operations that were not part of its core business, we entered into             
negotiations. We see plenty of scope for development in this field in           
Scandinavia and beyond,” says Olli Liitola, senior partner at CapMan.           


TALENTUM OYJ                                                                    

Juha Blomster                                                                   
CEO

Further information:                                                            
Juha Blomster, CEO, Talentum Oyj, telephone +358 20 442 4444 or +358 40 342 4444
Olli Liitola, senior partner, CapMan Buyout, telephone +358 207 207 506 or      
+358 400 605 040                                                                


Distribution:                                                                   
OMX Nordic Exchange Helsinki                                                    
Main media                                                                      

Talentum offers professionals magazines, books, seminars and online services.   
The media content produced by Talentum is based on strong expertise and         
journalistic skills.                                                            

Talentum's media are Talouselämä, Arvopaperi, Fakta, Tekniikka & Talous,        
MikroPC, Tietoviikko, Markkinointi & Mainonta, Metallitekniikka, Energia and    
Mediuutiset, while in Sweden it publishes Affärsvärlden, Ny Teknik, Dagens      
Teknik, Byggvärlden, Dagens Media, Lag & Avtal, Arbetarskydd and Miljörapporten.
Talentum Fakta produces information, seminars and publications for professions  
in HR and tax administration in Sweden. Talentum is also the leading publisher  
of a wide range of legal and professional literature and an instructor in the   
legal field. Suomen Laki products are the best-known legal publications. The    
Talentum Group employs about 1,000 people in Finland, Sweden, the Baltic        
countries and Russia. Talentum's shares are listed on the OMX Nordic Exchange in
Helsinki.                                                                       

CapMan is one of the leading alternative asset managers in the Nordic countries 
and manages Nordic funds with approximately EUR 3.0 billion in total capital.   
CapMan's operations are divided into four investment areas (CapMan Buyout,     
Capman Technology, Capman Life Science and CapMan Real Estate). The CapMan team 
comprises approximately 100 people in Helsinki, Stockholm, Copenhagen and Oslo. 
Capman was established in 1989, and the company's B shares have been listed on  
the Helsinki Stock Exchange since 2001.                                         

Varesvuo Partners is a group of companies that produces full-length feature     
films, post-production and equipment leasing services and classical music       
recordings in addition to TV programmes and commercials. The group's best-known 
companies are Moskito Television, Woodpecker Film, Crea Television and Ondine   
Oy, the last-mentioned focusing on classical music. The sold group of companies 
employs some 74 people. The January-September net sales of the sold group of    
companies reported as Talentum's TV content production was EUR 12.1 million. The
net sales of Oy Filmiteollisuus Fine Ab, which will be transferred to Talentum  
Oyj's ownership, amounted to EUR 5.1 million during the same period, and the    
company employs 22 people. Talentum's stake in Filmiteollisuus is 59%, the rest 
being held by the executive management.