Prospectus


SUMMARY
It should be noted as an introduction to the Summary that:
1. This summary should be read as an introduction to the Prospectus
2. Any decision to invest in the securities should be made on the basis of the
Prospectus in its entirety
3. In case a legal action is commenced regarding the Prospectus information,
the plaintiff investor may have to defray the costs for translation of the
Prospectus before the proceedings start 
4. The natural or legal persons who have drafted the summary or any
translations hereof and requested its approval may incur civil liability for
damages, where (and only where) it is misleading, incorrect or conflicting when
read together with other parts of this Prospectus 

BACKGROUND FOR ISSUANCE OF SHARES
Capinordic A/S has carried out two direct placements in connection with company
acquisitions, thereby increasing the Company's share capital by a nominal
amount DKK 3,432,594, corresponding to 6,865,188 new shares of a nominal value
of DKK 0.50 each. 
The capital increases were through the exercise by the Supervisory Board of the
authority provided in Article 8 of the Company's Articles of Association,
according to which the Supervisory Board of Capinordic A/S is authorised, until
12 April 2012, to carry out one or more increases of the share capital by
subscription for new shares of up to a nominal amount of DKK 25,000,000,
corresponding to 50,000,000 shares of a nominal value of DKK 0.50 each. 
At 20 December 2007, the authority provided by Article 8 of the Company's
Articles of Association covered a nominal amount of DKK 10,337,253,
corresponding to 20,674,506 shares of a nominal value of DKK 0.50 each. 
The acquisitions were the purchases of Steffen Rønn Fondsmæglerselskab A/S,
Dansk O.T.C Fondsmæglerselskab A/S (hereinafter referred to as Dansk O.T.C) and
Dansk Autoriseret Markedsplads A/S (hereinafter referred to as “Dansk AMP”).

Steffen Rønn Fondsmæglerselskab A/S
On 11 October 2007, Capinordic A/S announced that the purchase agreement
relating to Steffen Rønn Fondsmæglerselskab A/S was final. The total purchase
price at the date of acquisition was fixed at DKK 138m, of which DKK 97m was
payable in shares, corresponding to 4,162,486 shares of a nominal value of DKK
0.50 each. 
The subscription price was fixed at DKK 23.30 and calculated as a weighted
average of the market price from 27 September until 10 October 2007.
The shares issued are subject to a three-year lock-up agreement from the date
of execution of the agreement. The purchase agreement includes a price
adjustment mechanism which relates to the share consideration and is based on
the performance of Steffen Rønn Fondsmæglerselskab A/S in the lock-up period. 
The shares issued in connection with the acquisition of Steffen Rønn
Fondsmæglerselskab A/S were registered with the Danish Commerce and Companies
Agency on 24 October 2007. 

Dansk O.T.C Fondsmæglerselskab A/S and Dansk Autoriseret Markedsplads A/S
On 12 October 2007, Capinordic A/S announced that the acquisition of Dansk
O.T.C and Dansk AMP was final. Dansk O.T.C will be included in the consolidated
financial statements of Capinordic A/S with effect from 12 October 2007. Dansk
AMP will be included under the item ‘Assets held temporarily'. The total
remuneration for Dansk O.T.C and Dansk AMP was DKK 105m. The remuneration for
Dansk O.T.C consisted partly of a cash payment of DKK 20m and partly of
2,702,702 new shares in Capinordic A/S. The subscription price was fixed at DKK
27.75 per share. 

The subscription price was fixed as a weighted average over ten trading days of
the price quoted for Capinordic A/S up to and including 21 March 2007. The
consideration for Dansk AMP amounting to DKK 10m was paid in cash. The shares
are subject to a three-year lock-up provision from the date of final conclusion
of the agreement so that the shares will be finally released and at the sellers'
disposal in three portions at one-year intervals and by up to one-third per
year. The acquisition of Dansk O.T.C became final on 12 October 2007. 
The shares issued in connection with the acquisition of Dansk O.T.C were
registered with the Danish Commerce and Companies Agency on 24 October 2007.
The new shares entitle their holders to dividends for 2007.

Attachments

capinordic prospekt 2007-eng _2_.pdf