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.