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2008-04-03 13:50:00 CEST 2008-04-03 13:50:01 CEST REGULATED INFORMATION Amanda Capital - Company AnnouncementAMANDA CAPITAL PLC UPDATES ITS INVESTMENT STRATEGYAMANDA CAPITAL PLC STOCK EXCHANGE RELEASE Amanda Capital Plc has updated its investment strategy so that the company can in the future also invest in listed private equity companies and funds. The new investment strategy is as follows: Amanda Capital Plc may make investments in private equity funds on the primary market, carry out secondary transactions and make direct investments in unlisted companies and listed private equity companies and funds. The objective is to build a diversified portfolio by investing in different private equity funds in different geographical areas taking into account the following restrictions: (i) Amanda's primary geographical focus is Europe, which means that more than half of the investment commitments have to be invested in Europe. (ii) Amanda may invest at most 25 % of the investment commitments in so called emerging markets. (iii) Amanda may invest at most 25 % of the investment commitments in venture capital funds. (iv) The share of an individual buy-out fund may not exceed 15 % of the investment commitments. (v) The share of an individual venture capital fund may not exceed 10 % of Amanda's portfolio of investment commitments. (vi) An investment made in one company may not exceed 5 % of Amanda's Equity. (vii) Amanda may take short-term credit to make investments for an amount corresponding at most to 20 % of the Equity. The purpose of the credit is to guarantee Amanda's liquidity towards the target funds in all situations. (viii)The share of Amanda's investment commitments may be at maximum 20 % of the total commitments of any target fund. Direct investments made in unlisted companies may not exceed in aggregate 20 % of the Equity. Investments in listed private equity companies and funds shall be made diversified and mainly through mutual funds. The value of the listed investments may not exceed 25 % of Amanda's equity. The objective of Amanda is to make investments with the so-called over commitment strategy. The goal is that 100 per cent of the balance sheet is invested in private equity. AMANDA CAPITAL PLC Board of Directors Additional Information: CEO Petteri Änkilä, tel. +358 9 6829 6011 Distribution: OMX Nordic Exchange in Helsinki, www.amandacapital.fi The Amanda Group is a private equity management company. Its parent company is the first publicly listed private equity fund of funds in Scandinavia. Amanda has investments in 24 private equity funds and in four funds of funds under Amanda's own management. Amanda Group is one of Finland's largest management companies of private equity fund investments. It manages several private equity fund portfolios under consultancy agreements and six private equity funds of funds with several domestic and international institutions as investors. Amanda Group currently has EUR 2.3 billion of assets under management (original investment commitments) with which it has made investments in more than 100 private equity funds in Europe, the US, Asia, and Russia. |
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