CapMan - Company Announcement

CapMan RE II fund reaches investment capacity of EUR 600 million

CapMan Plc 	Stock Exchange Release 3 April 2007                    

CapMan RE II fund reaches investment capacity of EUR 600 million                

CapMan's second private equity real estate fund CapMan RE II Ky reached its     
maximum investment capacity of EUR 600 million at its final closing today.      
CapMan RE II invests in property development in Finland.                        

At the fund's final closing, the capital raised in CapMan RE II fund amounts to 
EUR 150 million. As the target is to finance on average 75% of investments made 
by CapMan RE II with debt financing, the raised equity corresponds to an        
investment capacity of EUR 600 million in total. The fund held its first closing
at the end of September 2006, and its shareholders' equity was EUR 139 million  
and investment capacity approximately EUR 556 million prior to the final        
closing.                                                                        

Altogether 14 Finnish institutions, including also new investors in CapMan      
funds, have participated to the fund. CapMan RE II's management company, which  
is 80% owned by CapMan, has committed EUR 2 million to the fund.                

”We are pleased that fundraising and the start of investment activities by the  
fund have progressed according to plans. CapMan RE II offers investors an       
excellent opportunity to participate in property development investments in     
Finland, and the fund has very good preconditions in the markets within the     
framework of its investment focus,” says Markku Hietala, Head of CapMan Real    
Estate and Managing Director of Realprojekti Oy.                                

CapMan RE II is the first private equity fund in Finland that has focus on      
property development targets. In 2007, the fund has already announced four new  
investments in Parolantie 104 and Kasarmikatu 4 in Hämeenlinna, Viinikankatu 49 
in Tampere and Tokmanni's logistics centre in Mäntsälä. Hämeenlinna, Tampere and
Mäntsälä are all located in southern Finland within approximately 200 km reach  
from Helsinki.                                                                  

Property development comprises the development of property zoning, construction 
of new projects and functional development of properties. Investments are       
directed at commercial properties and logistics projects in particular, but the 
fund may also invest in office premises, industrial properties, hotels,         
residential projects and public administrative premises. The real estate        
development company Realprojekti Oy, a member of the CapMan Group, acts as      
advisor in matters related to the fund's activities.                            


For further information, please contact:                                        
Markku Hietala, Head of CapMan Real Estate, Managing Director of Realprojekti   
Oy, tel. +358 500 405 879 


CAPMAN PLC                                                                      


Jerome Bouix                                                                    
Partner                                                                         
Fundraising, IR and Communications                                              


Distribution:                                                                   
Helsinki Exchanges                                                              
Principal media                                                                 
www.capman.com                                                                  


CapMan                                                                          
CapMan is one of the leading private equity investors in the Nordic countries   
and manages Nordic buyout, mezzanine, technology, life science and real estate  
funds with approximately EUR 2.9 billion in total capital. Each investment area 
has a dedicated team and altogether CapMan employs around 100 people in         
Helsinki, Stockholm, Copenhagen and Oslo. Established in 1989, CapMan has strong
experience as a fund manager and as a partner for investors and entrepreneurs.  
To date CapMan has made over 150 Nordic investments and over 90 exits. The      
current portfolio encompasses over 60 companies with an aggregate turnover of   
approx. EUR 2.7 billion and aggregate personnel of 17,000 people. The latest    
investments are made in Finnish Novintel Oy, Danish ScanJour A/S, Swedish       
QuickCool AB and Norwegian InfoCare ASA. In addition, CapMan has invested in 27 
real estate assets and exited from 22. The B shares of CapMan Plc are listed on 
the Main List of the Helsinki Stock Exchange since 2001. www.capman.com