Amanda Capital - Company Announcement

AMANDA III PRIVATE EQUITY FUND-OF-FUNDS EXCEEDED ITS FINAL CLOSING

Amanda III Eastern Private Equity L.P. fund-of-funds final closing was held at  
EUR 110 million on 22 May 2007. The Fund exceeded its target size of EUR 100    
million. Amanda III is one of the five fund-of-funds managed by Amanda Group.   

36 domestic and international investors committed to Amanda III. The Fund       
invests in unquoted companies in Russia and Eastern Europe through local private
equity funds. Also Amanda Capital Plc has committed EUR 10 million to Amanda    
III.                                                                            

The fundraising has been successful both at amount of raised capital and number 
of investors, says CEO Petteri Änkilä. Also the investment activity of Amanda   
III has started well: the Fund has committed total EUR 33 million to four local 
private equity funds, which invest e.g. Russian, Ukrainian, Romanian, Bulgarian 
and Polish unquoted companies. Amanda III has invested in 18 target companies of
which two have already been sold. One of the exits returned 2.2 times invested  
capital and the other one 5.8 times.                                            

Along with the final closing of Amanda III Eastern Private Equity L.P. Amanda   
Group's management fees from the management and consultancy of private equity   
investments, increases to over EUR four million this year.                      

AMANDA CAPITAL PLC                                                              



Further information: CEO Petteri Änkilä tel. +358 9 6829 6011                   


Distribution: Helsinki Stock Exchanges, www.amandacapital.fi                    


Amanda Capital Group is a private equity investment company. Its parent company 
is the first publicly listed private equity fund-of-funds in Scandinavia. The   
company has investments in 25 different private equity funds and thereby in over
300 unquoted companies, mainly located in Europe. Amanda is one of Finland's    
largest private equity fund investment management companies.                    
In addition to its own investments, Amanda manages several private equity fund  
portfolios under consultancy agreements. Amanda is also a founding general      
partner in five private equity funds, which have several institutional          
investors. Amanda Group currently has more than EUR 1.3 billion of assets under 
management (original investment commitments) and has made investments in more   
than 100 private equity funds in Europe, the United States, Asia and Russia.