CapMan Technology 2007 fund raises EUR 110 million at first closing


CapMan Plc Stock Exchange Release 9 February 2007 at 2.10 p.m.


CapMan Technology 2007 fund raises EUR 110 million at first closing

CapMan has today held a first closing of EUR 110 million on its CapMan Technology
2007 fund. The investment focus of the new fund is on expansion and later stage
technology companies in the Nordic countries. The total capital under management
by CapMan rises with the new fund to approximately EUR 2.9 billion. The
establishment of the fund does not have a substantial impact on CapMan Plc's
result for 2007.

"We are very pleased with the fund's first round of fundraising. Commitments into
the fund have been made by key Nordic institutional investors, who have been
attracted by the fund's expansion and later stage investment focus and by CapMan
Technology's successful track record in Nordic technology markets," states CapMan
Partner Jerome Bouix, Head of Fundraising, IR and Communications.

CapMan has made technology investments since 1995 and its technology team is one
of the most experienced in the Nordic countries. The team's investment
professionals work closely with portfolio company management with the aim to grow
the businesses and improve their profitability and strategic positions. Examples
of CapMan Technology's current portfolio companies include Finnish provider of
software testing and development Flander Oy, Swedish provider of radio network
solutions Avitec AB, Norwegian provider of vehicle fleet management systems Locus
AS and Danish developer of electronic document management systems ScanJour A/S,
among others.

"CapMan Technology 2007 will continue the path that has been paved by our
previous fund, and we will make 15-18 investments in the Nordic countries from
the fund during the next few years," states CapMan Senior Partner Petri Niemi,
Head of CapMan Technology.

Fundraising still continues for CapMan Technology 2007, which is targeted at EUR
150 million. CapMan's own commitment into the fund is EUR 15 million. In
connection with the establishment of the fund, the Board of Directors of CapMan
Plc decided that 50% of CapMan Technology 2007's possible carried interest will
be distributed to the members of the investment team responsible for the fund's
investment activities during its life cycle. A successful fund will typically
start to generate carried interest at the end of its 10-year life cycle, provided
that the investors have regained their investment and an 8% preferred annual
return.

For further information, please contact:
Jerome Bouix, Partner, Head of Fundraising, IR & Communications, 
tel. +358 40 820 8541
Petri Niemi, Senior Partner, Head of CapMan Technology, 
tel. +358 9 6155 8346 or +358 400 511 493


CAPMAN PLC


Jerome Bouix
Partner
Fundraising, IR & 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 John Nurminen Vehicle Logistics, 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