CapMan senior partners have acquired the remaining CapMan Plc A shares owned by CapMan Partners B.V., 250,000 A shares have been converted into B shares


CapMan Plc Stock Exchange Release 22 December 2011 12.50 p.m. EET



CapMan senior partners have acquired the remaining CapMan Plc A shares owned by
CapMan Partners B.V., 250,000 A shares have been converted into B shares


CapMan Partners B.V. has sold its remaining 218,750 unlisted A shares in CapMan
Plc to CapMan senior partners or companies controlled by them. In addition, the
Board of Directors of CapMan Plc has received and approved applications for the
conversion of a total of 250,000 CapMan Plc A shares into listed B shares. The
shares are owned by Oy Aristo-Invest Ab, the company controlled by Ari
Tolppanen. Following the conversion, Oy Aristo-Invest Ab and Ari Tolppanen's
combined share of voting rights in CapMan Plc has decreased from 20.75% to
19.44%. The transactions or conversion do not impact the ownership of other
CapMan shareholders, but as a result of the conversion, the collective voting
rights of B shareholders have increased from 56.61% to 57.73%.

The sale of CapMan Plc A shares from CapMan Partners B.V. to CapMan senior
partners was executed on 9 December 2011. In total 218,750 A shares were sold to
one CapMan senior partner and to companies controlled by seven CapMan senior
partners. Following the transactions, the ownership of A shares in CapMan Plc
has been expanded to include a larger number of senior partners. CapMan Partners
B.V. has no longer an ownership position in CapMan Plc.

The conversion of a total of 250,000 CapMan Plc A shares into B shares was
entered into the Trade Register on 22 December 2011. Trade with the shares is
expected to commence on 23 December 2011. The converted shares are owned by Oy
Aristo-Invest Ab, a company controlled by Ari Tolppanen. Following the
conversion, Oy Aristo-Invest Ab and Ari Tolppanen's combined share of voting
rights have decreased from 20.75% to 19.44%. Furthermore, the collective voting
rights of B shareholders of CapMan Plc have increased from 56.61% to 57.73%.
After the conversion the number of A shares is 5,750,000 and B shares is
78,531,766.

The ownerships and voting rights before and after the transactions and
conversion are described in more detail in Appendix 1.

For further information, please contact:
Heikki Westerlund, Senior Partner, Chairman of CapMan Plc Board, tel.  +358
50 559 6580


CAPMAN PLC

Mari Reponen
Director, Communications and IR

DISTRIBUTION
NASDAQ OMX Helsinki
Principal media
www.capman.com

CapMan www.capman.com
CapMan is one of the leading private equity firms in the Nordic countries and
Russia, with assets under management of €3.3 billion. CapMan has four key
investment partnerships - CapMan Buyout, CapMan Russia, CapMan Public Market,
and CapMan Real Estate - each of which has its own dedicated investment team and
funds. Altogether, CapMan employs 130 people in Helsinki, Stockholm, Oslo,
Moscow, Copenhagen and Luxembourg. CapMan was established in 1989 and has been
listed on the Helsinki Stock Exchange since 2001.




Appendix 1: Ownership and voting rights before and after the transactions and
conversion

Ownership and voting rights before the transactions and conversion

                                                             share      share of
Shareholder               A shares   B shares   In total of shares voting rights

Ari Tolppanen                    0    200,528    200,528     0.24%         0.15%

Oy Aristo-Invest Ab      2,411,046  4,381,970  6,793,016     8.06%         20.6%
--------------------------------------------------------------------------------
In total                 2,411,046  4,582,498  6,993,544     8.30%        20.75%



Tuomo Raasio                     0     53,744     53,744     0.06%        0.04 %

Winsome Oy                 832,197  2 867,129  3,699,326     4.39%        8.09 %
--------------------------------------------------------------------------------
Yhteensä                   832,197  2,920,873  3,753,070     4.45%        8.13 %


Heikki Westerlund                0    277,676    277,676     0.33%         0.20%

Heiwes Oy                1,233,896  1,440,584  2,674,480     3.17%         9.96%
--------------------------------------------------------------------------------
In total                 1,233,896  1,718,260  2,952,156     3.50%        10.17%



Geldegal Oy              1,122,484    908,359  2,030,843     2.41%         8.77%

Mom Invest Oy                    0    513,744    513,744     0.61%         0.37%
--------------------------------------------------------------------------------
In total                 1,122,484  1,422,103  2,544,587     3.02%         9.15%



Petri Saavalainen                0    314,888    314,888     0.37%         0.23%

Guarneri Oy                181,627    494,414    676,041     0.80%         1.67%
--------------------------------------------------------------------------------
In total                   181,627    809,302    990,929     1.18%         1.90%


Lennart Simonsen                 0          0          0     0.00%         0.00%

J.L. Simonsen Holding AB         0    500,000    500,000     0.59%         0.36%
--------------------------------------------------------------------------------
In total                         0    500,000    500,000     0.59%         0.36%


Markus Sjöholm                   0    250,000    250,000     0.30%         0.18%

Aktiebolaget Pulkusholm          0          0          0     0.00%         0.00%
--------------------------------------------------------------------------------
In total                         0    250,000    250,000     0.30%         0.18%


Jerome Bouix                     0          0          0     0.00%         0.00%

JB Holding Oy                    0          0          0     0.00%         0.00%
--------------------------------------------------------------------------------
In total                         0          0          0     0.00%         0.00%


Hans Christian Dall
Nygård                           0          0          0     0.00%         0.00%
--------------------------------------------------------------------------------
In total                         0          0          0     0.00%         0.00%


Vesa Walldén                     0          0          0     0.00%         0.00%

Walldén Invest Oy                0          0          0     0.00%         0.00%
--------------------------------------------------------------------------------
In total                         0          0          0     0.00%         0.00%


CapMan Partners B.V.       218,750          0    218,750     0.26%         1.58%



A shares in total        6,000,000          0  6,000,000     7.12%        43.39%

B shares in total                0 78,281,766 78,281,766    92.88%        56.61%

Ownership and voting rights after the transactions and conversion

                                                          share of      share of
Shareholder           A shares   B shares   In total        shares voting rights

Ari Tolppanen                0    200,528    200,528         0.24%         0.15%

Oy Aristo-Invest Ab  2,161,046  4,631,970  6,793,016         8.06%        19.29%
--------------------------------------------------------------------------------
In total             2,161,046  4,832,498  6,993,544         8.30%        19.44%



Tuomo Raasio                 0     53,744     53,744         0.06%         0.04%

Winsome Oy             832,197  2,867 129  3,699,326         4.39%         8.23%
--------------------------------------------------------------------------------
In total               832,197  2,920 873  3,753,070         4.45%         8.26%


Heikki Westerlund            0    277,676    277,676         0.33%         0.20%

Heiwes Oy            1,253,896  1,440,584  2,694,480         3.20%        10.28%
--------------------------------------------------------------------------------
In total             1,253,896  1,718,260  2,972,156         3.53%        10.48%



Geldegal Oy          1,144,984    908,359  2,053,343         2.44%         9.08%

Mom Invest Oy                0    513,744    513,744         0.61%         0.38%
--------------------------------------------------------------------------------
In total             1,144,984  1,422,103  2,567,087         3,05%         9.46%



Petri Saavalainen            0    314,888    314,888         0.37%         0.23%

Guarneri Oy            201,627    494,414    696,041         0.83%         1.85%
--------------------------------------------------------------------------------
In total               201,627    809,302  1,010,929         1.20%         2.08%


Lennart Simonsen             0          0          0         0.00%         0.00%

J.L. Simonsen
Holding AB              31,250    500,000    531,250         0.63%         0.60%
--------------------------------------------------------------------------------
In total                31,250    500,000    531,250         0.63%         0.60%


Markus Sjöholm               0    250,000    250,000         0.30%         0.18%

Aktiebolaget
Pulkusholm              31,250          0     31,250         0.04%         0.23%
--------------------------------------------------------------------------------
In total                31,250    250,000    281,250         0.33%         0.41%


Jerome Bouix                 0          0          0         0.00%         0.00%

JB Holding Oy           31,250          0     31,250         0.04%         0.23%
--------------------------------------------------------------------------------
In total                31,250          0     31,250         0.04%         0.23%


Hans Christian Dall
Nygård                  31,250          0     31,250         0.04%         0.23%
--------------------------------------------------------------------------------
In total                31,250          0     31,250         0.04%         0.23%


Vesa Walldén                 0          0          0         0.00%         0.00%

Walldén Invest Oy       31,250          0     31,250         0.04%         0.23%
--------------------------------------------------------------------------------
In total                31,250          0     31,250         0.04%         0.23%


CapMan Partners B.V.         0          0          0         0.00%         0.00%



A shares in total    5,750,000          0  5,750,000         6.82%        42.27%

B shares in total            0 78,531,766 78,531,766        93.18%        57.73%




[HUG#1573392]