CapMan's A share ownership enlarges to all Senior Partners; at the same time 2,000,000 A shares will be converted into B shares

CapMan's A share ownership enlarges to all Senior Partners; at the same time    
2,000,000 A shares will be converted into B shares                              

CapMan Plc has received notification that the owners of the Company's A-series  
shares have signed an agreement on the sale of a total of 3,000,000 CapMan Plc A
shares and 2,000,000 CapMan Plc B shares to CapMan Partners B.V., which is owned
in equal shares by companies under control of the present 13 Senior Partners of 
CapMan. In addition the Board of Directors of CapMan Plc has received and       
approved applications for the conversion of a total of 2,000,000 unlisted CapMan
Plc A shares into listed B-series shares. The share transactions do not impact  
on the ownership of other CapMan shareholders, but their voting rights will     
increase from 29.8 to 33.9 per cent due to the conversion of series A shares    
into series B shares. CapMan Partners B.V. will become the second largest       
shareholder and the largest user of voting rights in CapMan Plc with the        
transaction and share conversions. The purpose of the arrangement is to         
establish a long-term owner and to enlarge ownership of A-series shares to apply
to all Senior Partners of the Company.                                          

The sale of CapMan B shares between CapMan A shareholders and CapMan Partners   
B.V. shall be executed outside the order book as a manual trade and it is       
estimated to be finalised by 16 May 2007. The sale of CapMan A shares shall be  
executed at the same time. The price of series A and B shares will be EUR 3.38  
per share, corresponding to the volume weighted average price of CapMan B shares
in April 2007.                                                                  

Novestra Oy and Vesasco Oy (companies under control of Peter Buch Lund and Vesa 
Vanha-Honko, former Senior Partners who have left the Company) have filed an    
application with the Board of Directors of CapMan Plc for the conversion of a   
total of 2,000,000 CapMan A shares into CapMan B shares. CapMan Plc shall apply 
for public trading of the new B shares immediately after the share conversion   
has been registered. As a result of the share conversion there will be a        
decrease in the number of CapMan A shares to 6,000,000, an increase in the      
number of listed CapMan B shares to 71,158,698 and a decrease in the total      
number of votes to 131,158,698.                                                 

CapMan Partners B.V. will become the second largest shareholder in CapMan Plc,  
with 6.5 per cent of the Company's shares, and the largest user of voting       
rights, with 24.4 per cent of voting rights, as a result of the share           
transactions and share conversions. At the same time there will be a decrease in
the sellers' shareholding from 37.9 to 31.4 per cent and in the sellers' voting 
rights from 67.9 to 39.0 per cent. It is expected that the share transactions   
and share conversion will be finalised by 16 May 2007. The transactions do not  
impact on the ownership of other CapMan shareholders, but their voting rights   
will increase from 29.8 to 33.9 per cent due to the conversion of 2,000,000     
series A shares into series B shares. The shareholdings and voting rights of    
sellers, other Senior Partners of CapMan, CapMan Partners B.V. and other        
shareholders in CapMan Plc prior to and after the ownership arrangements are    
presented in Appendices 1 and 2.                                                

”A significant proportion of CapMan's ownership, and especially voting rights,  
has been held by the Finnish Senior Partners of the Company and companies under 
their control from the 1990s. Their influence will be divided amongst a wider   
group of Nordic Senior Partners with the new arrangement, which creates a       
financial incentive based on increase in the value of CapMan's share and further
aligns the interests of all Senior Partners of CapMan with other shareholders,” 
states Senior Partner Ari Tolppanen, Chairman of the Board of Directors of      
CapMan.                                                                         

CapMan Partners B.V. will be owned by the present Senior Partners of CapMan with
equal shares of 7.7 per cent. The present Senior Partners are Lars Hagdahl,     
Markku Hietala, Lennart Jacobsson, Kai Jordahl, Olli Liitola, Jan Lundahl, Petri
Niemi, Tuomo Raasio, Petri Saavalainen, Markus Sjöholm, Ari Tolppanen, Vesa     
Walldén and Heikki Westerlund. Shareholdings in CapMan Partners B.V. will also  
be offered to other persons appointed as Senior Partners of CapMan in future.   


For further information, please contact:                                        
Ari Tolppanen, Chairman of the Board of CapMan Plc, Senior Partner,             
tel. +358 9                                                                     
6155 8307 or +358 500 407 343                                                   


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 3.0 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         

Appendix 1: Shareholdings prior to share sales and share conversions            

--------------------------------------------------------------------------------
| Owners  | Number    | Number     | Number of  | Number of   | % of   | % of  |
|         | of A      | of  B      | shares     | votes       | shares | votes |
|         | shares    | shares     | (A + B)    |             |        |       |
--------------------------------------------------------------------------------
| Aristo  | 2,447,032 | 7,608,920  | 10,055,952 | 32,079,240  | 13.0   | 21.5  |
| Invest  |           |            |            |             |        |       |
| Oy      |           |            |            |             |        |       |
| + Ari   |           |            |            |             |        |       |
| Tolppa- |           |            |            |             |        |       |
| nen     |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Winsome | 1,291,638 | 3,716,327  | 5,007,965  | 16,632,707  | 6.5    | 11.2  |
| Oy +    |           |            |            |             |        |       |
| Tuomo   |           |            |            |             |        |       |
| Raasio  |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Geldega | 1,291,638 | 2,766,327  | 4,057,965  | 15,682,707  | 5.3    | 10.5  |
| l Oy +  |           |            |            |             |        |       |
| Olli    |           |            |            |             |        |       |
| Liitola |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Heiwes  | 741,448   | 3,221,057  | 3,962,505  | 10,635,537  | 5.1    | 7.1   |
| Oy +    |           |            |            |             |        |       |
| Heikki  |           |            |            |             |        |       |
| Wester- |           |            |            |             |        |       |
| lund    |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Guar-   | 195,158   | 1,039,302  | 1,234,460  | 2,990,882   | 1.6    | 2.0   |
| neri Oy |           |            |            |             |        |       |
| + Petri |           |            |            |             |        |       |
| Saavala |           |            |            |             |        |       |
| i-      |           |            |            |             |        |       |
| nen     |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Vesasco | 1,291,638 | 2,004,540  | 3,296,178  | 14,920,920  | 4.3    | 10.0  |
| Oy      |           |            |            |             |        |       |
| (Vesa   |           |            |            |             |        |       |
| Vanha-  |           |            |            |             |        |       |
| Honko)  |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Novest- | 741,448   | 850,000    | 1,591,448  | 8,264,480   | 2.1    | 5.5   |
| ra Ab   |           |            |            |             |        |       |
| + Peter |           |            |            |             |        |       |
| Buch    |           |            |            |             |        |       |
| Lund    |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Sellers | 8,000,000 | 21,206,473 | 29,206,473 | 101,206,473 | 37.9   | 67.9  |
| in      |           |            |            |             |        |       |
| total   |           |            |            |             |        |       |
--------------------------------------------------------------------------------
|         |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Degato  |           | 1,129,217  | 1,129,217  | 1,129,217   | 1.5    | 0.8   |
| Inter-  |           |            |            |             |        |       |
| Nati-   |           |            |            |             |        |       |
| onal    |           |            |            |             |        |       |
| SARL    |           |            |            |             |        |       |
| (Lennar |           |            |            |             |        |       |
| t       |           |            |            |             |        |       |
| Jacobs- |           |            |            |             |        |       |
| son)    |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Mateus  |           | 859,217    | 859,217    | 859,217     | 1.1    | 0.6   |
| Interna |           |            |            |             |        |       |
| -       |           |            |            |             |        |       |
| tional  |           |            |            |             |        |       |
| SARL    |           |            |            |             |        |       |
| (Jan    |           |            |            |             |        |       |
| Lundahl |           |            |            |             |        |       |
| )       |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Torpet  |           | 753,936    | 753,936    | 753,936     | 1.0    | 0.5   |
| Interna |           |            |            |             |        |       |
| -       |           |            |            |             |        |       |
| tional  |           |            |            |             |        |       |
| SARL    |           |            |            |             |        |       |
| (Lars   |           |            |            |             |        |       |
| Hagdahl |           |            |            |             |        |       |
| )       |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Petri   |           | 267,920    | 267,920    | 267,920     | 0.3    | 0.2   |
| Niemi   |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Markus  |           | 250,000    | 250,000    | 250,000     | 0.3    | 0.2   |
| Sjöholm |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Markku  |           | 181,818    | 181 818    | 181,818     | 0.2    | 0.1   |
| Hietala |           |            |            |             |        |       |
| Holding |           |            |            |             |        |       |
| Oy      |           |            |            |             |        |       |
| (Markk  |           |            |            |             |        |       |
| u       |           |            |            |             |        |       |
| Hietala |           |            |            |             |        |       |
| )       |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Kai     |           | 0          | 0          | 0           | 0.0    | 0.0   |
| Jordahl |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Vesa    |           | 0          | 0          | 0           | 0.0    | 0.0   |
| Walldén |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Other   |           | 3,442,108  | 3,442,108  | 3,442,108   | 4.5    | 2.3   |
| Senior  |           |            |            |             |        |       |
| Part-   |           |            |            |             |        |       |
| ners    |           |            |            |             |        |       |
| in      |           |            |            |             |        |       |
| total   |           |            |            |             |        |       |
--------------------------------------------------------------------------------
|         |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| CapMan  | 0         | 0          | 0          | 0           | 0.0    | 0.0   |
| Partner |           |            |            |             |        |       |
| s       |           |            |            |             |        |       |
| B.V.    |           |            |            |             |        |       |
--------------------------------------------------------------------------------
|         |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Other   | 0         | 44,510,117 | 44,510,117 | 44,510,117  | 57.7   | 29.8  |
| share-  |           |            |            |             |        |       |
| holders |           |            |            |             |        |       |
--------------------------------------------------------------------------------
|         |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Total   | 8,000,000 | 69,158,698 | 77,158,698 | 149,158,698 | 100.0  | 100.0 |
--------------------------------------------------------------------------------

Appendix 2: Shareholdings after share sales and share conversions               
--------------------------------------------------------------------------------
| Owners  | Number    | Number     | Number of  | Number of   | % of   | % of  |
|         | of A      | of  B      | shares     | votes       | shares | votes |
|         | shares    | shares     | (A + B)    |             |        |       |
--------------------------------------------------------------------------------
| Aristo  | 1,220,200 | 7,418,720  | 8,638,920  | 19,620,720  | 11.2   | 15.0  |
| Invest  |           |            |            |             |        |       |
| Oy +    |           |            |            |             |        |       |
| Ari     |           |            |            |             |        |       |
| Tolppa- |           |            |            |             |        |       |
| nen     |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Winsome | 680,663   | 3,080,873  | 3,761,536  | 9,887,503   | 4.9    | 7.5   |
| Oy +    |           |            |            |             |        |       |
| Tuomo   |           |            |            |             |        |       |
| Raasio  |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Geldega | 796,564   | 2,251,417  | 3,047,981  | 10,217,057  | 4.0    | 7.8   |
| l       |           |            |            |             |        |       |
| Oy +    |           |            |            |             |        |       |
| Olli    |           |            |            |             |        |       |
| Liitola |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Heiwes  | 258,020   | 2,718,260  | 2,976,280  | 5,298,460   | 3.9    | 4.0   |
| Oy      |           |            |            |             |        |       |
| +       |           |            |            |             |        |       |
| Heikki  |           |            |            |             |        |       |
| Wester- |           |            |            |             |        |       |
| lund    |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Guar-   | 44,553    | 882,663    | 927,216    | 1,328,193   | 1.2    | 1.0   |
| neri Oy |           |            |            |             |        |       |
| + Petri |           |            |            |             |        |       |
| Saavala |           |            |            |             |        |       |
| i-      |           |            |            |             |        |       |
| nen     |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Vesasco | 0         | 3,275,158  | 3,275,158  | 3,275,158   | 4.2    | 2.5   |
| Oy      |           |            |            |             |        |       |
| (Vesa   |           |            |            |             |        |       |
| Vanha-  |           |            |            |             |        |       |
| Honko)  |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Novest- | 0         | 1,579,382  | 1,579,382  | 1,579,382   | 2.0    | 1.2   |
| ra Ab   |           |            |            |             |        |       |
| + Peter |           |            |            |             |        |       |
| Buch    |           |            |            |             |        |       |
| Lund    |           |            |            |             |        |       |
| Lund    |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Sellers | 3,000,000 | 21,206,473 | 24,206,473 | 51,206,473  | 31.4   | 39.0  |
| in      |           |            |            |             |        |       |
| total   |           |            |            |             |        |       |
--------------------------------------------------------------------------------
|         |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Degato  |           | 1,129,217  | 1,129,217  | 1,129,217   | 1.5    | 0.9   |
| Inter-  |           |            |            |             |        |       |
| Nati-   |           |            |            |             |        |       |
| onal    |           |            |            |             |        |       |
| SARL    |           |            |            |             |        |       |
| (Lennar |           |            |            |             |        |       |
| t       |           |            |            |             |        |       |
| Jacobs- |           |            |            |             |        |       |
| son)    |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Mateus  |           | 859,217    | 859,217    | 859,217     | 1.1    | 0.7   |
| Interna |           |            |            |             |        |       |
| -       |           |            |            |             |        |       |
| tional  |           |            |            |             |        |       |
| SARL    |           |            |            |             |        |       |
| (Jan    |           |            |            |             |        |       |
| Lundahl |           |            |            |             |        |       |
| )       |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Torpet  |           | 753,936    | 753,936    | 753,936     | 1.0    | 0.6   |
| Interna |           |            |            |             |        |       |
| -       |           |            |            |             |        |       |
| tional  |           |            |            |             |        |       |
| SARL    |           |            |            |             |        |       |
| (Lars   |           |            |            |             |        |       |
| Hagdahl |           |            |            |             |        |       |
| )       |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Petri   |           | 267,920    | 267,920    | 267,920     | 0.3    | 0.2   |
| Niemi   |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Markus  |           | 250,000    | 250,000    | 250,000     | 0.3    | 0.2   |
| Sjöholm |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Markku  |           | 181,818    | 181,818    | 181,818     | 0.2    | 0.1   |
| Hietala |           |            |            |             |        |       |
| Holding |           |            |            |             |        |       |
| Oy      |           |            |            |             |        |       |
| (Markk  |           |            |            |             |        |       |
| u       |           |            |            |             |        |       |
| Hietala |           |            |            |             |        |       |
| )       |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Kai     |           | 0          | 0          | 0           | 0.0    | 0.0   |
| Jordahl |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Vesa    |           | 0          | 0          | 0           | 0.0    | 0.0   |
| Walldén |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Other   |           | 3,442,108  | 3,442,108  | 3,442,108   | 4.5    | 2.6   |
| Senior  |           |            |            |             |        |       |
| Part-   |           |            |            |             |        |       |
| ners    |           |            |            |             |        |       |
| in      |           |            |            |             |        |       |
| total   |           |            |            |             |        |       |
--------------------------------------------------------------------------------
|         |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| CapMan  | 3,000,000 | 2,000,000  | 5,000,000  | 32,000,000  | 6.5    | 24.4  |
| Partner |           |            |            |             |        |       |
| s       |           |            |            |             |        |       |
| B.V.    |           |            |            |             |        |       |
--------------------------------------------------------------------------------
|         |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Other   |           | 44,510,117 | 44,510,117 | 44,510,117  | 57.7   | 33.9  |
| share-  |           |            |            |             |        |       |
| holders |           |            |            |             |        |       |
--------------------------------------------------------------------------------
|         |           |            |            |             |        |       |
--------------------------------------------------------------------------------
| Total   | 6,000,000 | 71,158,698 | 77,158,698 | 131,158,698 | 100.0  | 100.0 |
--------------------------------------------------------------------------------