CapMan - Total number of voting rights and capital

CapMan Plc confirms the result of the acceptances received by 3 January 2017 on the subsequent offer period of the exchange offer for Norvestia Oyj's shares and subscription rights and issues shares

CapMan Plc Stock Exchange Release                        5 January 2017 at 4.00
p.m. EET

This stock exchange release may not be published or distributed, in whole or in
part, directly or indirectly, in or into or to any person located or a resident
of the United States of America, Australia, Canada, Hong Kong, Japan, New
Zealand, South Africa, or any other country where such publication or
distribution would violate applicable regulation or would require additional
measures in addition to the requirements under Finnish law.

CapMan Plc confirms the result of the acceptances received by 3 January 2017 on
the subsequent offer period of the exchange offer for Norvestia Oyj's shares and
subscription rights and issues shares

According to the confirmed result of acceptances of CapMan Plc's ("CapMan" or
the "Company") voluntary public exchange offer for Norvestia Oyj's ("Norvestia")
shares and subscription rights ("Exchange Offer") given during the subsequent
offer period by 3 January 2017, CapMan's share of Norvestia's shares grew by
approx. 0.7 percentage points. Together with Norvestia's shares owned by CapMan
these represent approx. 91.4 per cent of all Norvestia's shares and votes. No
subscription rights have been used to accept the Exchange Offer. The subsequent
offer period of the Exchange Offer will end preliminarily on 9 January 2017.

CapMan's Board of Directors have resolved to issue 635,640 new CapMan shares as
consideration to those Norvestia's shareholders, who accepted the Exchange Offer
during the subsequent offer period by 3 January 2017. The execution trades of
the shares of these Norvestia shareholders are executed in accordance with the
terms and conditions of the Exchange Offer around 9 January 2017, following
which CapMan's ownership in Norvestia increases to 91.4 per cent. The new CapMan
shares provided as offer consideration are registered in the Trade Register and
booked to the book-entry accounts of those Norvestia's shareholders, who have
validly accepted the Exchange Offer, around 9 January 2017.

CapMan's share capital will not be increased following the share issue, but
instead the amount deemed payable for the new shares will be recorded in the
invested unrestricted equity fund. The number of shares and votes in CapMan will
increase from 143,313,255 to 143,948,895. The new shares represent approx. 0.4
per cent of the share capital and votes in CapMan following the completion of
the issue. CapMan will apply for the issued shares to be quoted on the official
list of Nasdaq Helsinki Ltd with trading to commence around 10 January 2017.



CAPMAN PLC
BOARD OF DIRECTORS



Additional information:
Heikki Westerlund, CEO, CapMan Plc, tel. +358 50 559 6580





Distribution:
Nasdaq Helsinki
Principal media
www.capman.com



CapMan
www.capman.com
www.capman.com/exchange-offer

CapMan is a leading Nordic investment and asset management company. For more
than 25 years, we have been developing companies and real estate and supporting
their sustainable growth. We are committed to understanding the needs of our
customers in an ever-changing market environment. Our objective is to provide
attractive returns and innovative solutions for our investors and value adding
services for professional investment partnerships, growth-oriented companies and
tenants. Our independent investment partnerships - Buyout, Real Estate, Russia
and Nest Capital - as well as our associated company Norvestia are responsible
for investment activities and value creation. CapMan's service business offering
includes fundraising advisory services, purchasing activities and fund
management services. CapMan has 100 professionals and assets under management of
€2.8 billion.



Important Notice

This release may not be released or otherwise distributed, in whole or in part,
in or into or to any person located or a resident of the United States of
America, Australia, Canada, Hong Kong, Japan, New Zealand or South Africa or any
other jurisdiction where prohibited by applicable laws or rules. This release is
not a share exchange offer document or a prospectus and as such does not
constitute an offer or invitation to make a sales offer. Investors shall accept
the exchange offer for the shares only on the basis of the information provided
in an exchange offer document and prospectus in respect of the exchange offer.
Offers will not be made directly or indirectly in any jurisdiction where either
an offer or participation therein is prohibited by applicable law or where any
exchange offer document or registration or other requirements would apply in
addition to those undertaken in Finland.

The exchange offer document and prospectus in respect of the exchange offer as
well as related acceptance forms will not and may not be distributed, forwarded,
or transmitted into, in, or from any jurisdiction where prohibited by applicable
law. In particular, the exchange offer is not being made, directly or
indirectly, in or into, Australia, Canada, Hong Kong, Japan, New Zealand, South
Africa, or the United States of America. The exchange offer cannot be accepted
from within Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, or
the United States of America.

CapMan's shares have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), or under any of the
relevant securities laws of any state or other jurisdiction of the United States
of America. CapMan's shares may not be offered or sold in the United States,
except pursuant to an exemption from the Securities Act or in a transaction not
subject to the registration requirements of the Securities Act.

Certain statements herein which are not historical facts, including, without
limitation, those regarding expectations for general economic development and
the market situation, expectations for the combined company's development and
profitability and the realization of synergy benefits and cost savings, and
statements preceded by "expects", "estimates", "forecasts" or similar
expressions, are forward-looking statements. These statements are based on
current decisions and plans and currently known factors. They involve risks and
uncertainties which may cause the actual results to materially differ from the
results currently expected for the combined company. Such factors include, but
are not limited to, general economic conditions, including fluctuations in
exchange rates and interest levels which influence the operating environment and
profitability of customers and thereby the orders received by the combined
company and their margin; the competitive situation; the combined company's own
operating conditions, such as the success of production and product development
and their continuous development and improvement; and the success of future
acquisitions.




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