CapMan RE II reaches investment capacity of approximately EUR 550 million at second closing


CapMan Plc  Stock Exchange Release 1 February 2007 at 3.20 p.m.

CapMan RE II reaches investment capacity of approximately EUR 550 million 
at second closing

CapMan's second private equity real estate fund CapMan RE II Ky held today its
second closing at EUR 556 million. CapMan RE II invests mainly in property
development in Finland. The fundraising for the CapMan RE II continues in 2007
and its investment capacity can rise at maximum to EUR 600 million.

The capital raised during the second fundraising round amounted to EUR 70
million. As the target is to finance on an average 75% of investments made by
CapMan RE II with debt financing, the raised equity increases the fund's
investment capacity by approximately EUR 280 million to EUR 556 million in total.
The fund held its first closing at the end of September 2006 with shareholders'
equity of EUR 69 million and an investment capacity of approximately EUR 276. So
far 11 Finnish institutions 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. Reaching the fund's maximum investment capacity of EUR 600 million
still requires new commitments worth EUR 11 million to the fund.

"We are very pleased with the successful second closing of CapMan RE II. There
are lots of attractive investment opportunities on offer in the Finnish property
development market, and we expect the fund to announce its first investment
during the first quarter of 2007. We have very good resources for creating value
in the future investment targets as our team of about 25 professionals has years
of experience in the real estate development", 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. 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. In addition to property development targets the fund may also make
selected investments in finished real estate targets. The objective of CapMan RE
II fund is to develop portfolio assets for a period of some 3-7 years, after
which the assets are sold to long-term investors. The real estate development
company Realprojekti Oy, a member of the CapMan Group, acts as advisor in matters
related to the fund's activities.

The management fees of CapMan RE II are comprised on the basis of investment
commitments and investments at cost. The management fee percentage in private
equity real estate funds is typically lower than in funds making direct
investments in portfolio companies. CapMan Plc's share of possible carried
interest generated by CapMan RE II is 60%, and the aggregate share of the
investment team responsible for the fund's investment activities and the
management company's other owner Corintium Oy is 40%.

For further information, please contact:
Markku Hietala, Head of CapMan Real Estate, Managing Director of Realprojekti Oy,
tel. +358 500 405 879
Olli Liitola, CFO, CapMan Plc, tel. +358 9 6155 8306 or +358 400 605 040

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 2.6 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
2.5 billion and aggregate personnel of 17,000 people. The latest  investments  are
made in Finnish Komas Oy, Danish ScanJour A/S, Swedish QuickCool AB and  Norwegian
InfoCare ASA. In addition, CapMan has invested in 23 commercial properties in  the
Helsinki metropolitan area 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