Q1 Capinordic A/S

For Q1 2007, Capinordic A/S reports:
- that the Group has realised its budgets for Q1 2007;
- that the Group maintains its expectation of achieving a profit before
amortisation, depreciation, impairment and tax at a level of DKK 150m. 
- that the Group profit before amortisation, depreciation, impairment and tax
for the period ended 31 March 2007 amounts to DKK 35,924 thousand and the
profit after tax amounts to DKK 19,539 thousand; 

- that the acquisition of Monetar Pensionsförvaltning AB became final on 18
January 2007 and that the company is included in the consolidated financial
statements as from that date; 
- that the Group was licensed by the Swedish Financial Supervisory Authority on
25 January 2007 to operate the investment management company Capinordic Fonder
AB in Sweden; 
- that on 20 March 2007 Capinordic A/S carried out a direct placement against
cash payment which was fully subscribed after the end of the quarter, gross
proceeds totalling DKK 240m; 
- that the Group made a conditional acquisition of Dansk O.T.C.
Fondsmæglerselskab A/S and Dansk Autoriseret Markedsplads A/S on 22 March 2007; 

- that on 7 May 2007 Capinordic A/S made a conditional acquisition of Nordisk
Fondservice AB - the fastest growing Swedish management company of savings in
investment funds; 
- that on 23 April 2007 Capinordic A/S made a conditional acquisition of Aktie-
& Valutainvest ApS and carried out a direct placement against cash payment with
SL Nordic Holding ApS, gross proceeds totalling DKK 150m; 
- that Capinordic A/S held its Annual General Meeting on 20 April 2007. The
Company's 2006 Annual Report was approved, and the Company's Management was
granted discharge. The Capinordic Group recorded a profit before amortisation,
depreciation, other  operating expenses and tax of DKK 83,155 thousand for the
financial year 2006, fulfilling the Company's announced expectations in the
order of DKK 80,000 thousand. In 2005, the Capinordic Group recorded a profit
before amortisation, depreciation, other operating expenses and tax of DKK
3,024 thousand. 

Lasse Lindblad, Group CEO, says:
 “Capinordic is a Scandinavian financial group focusing on high-margin business
areas and profitable customer segments. In Q1 2007 we have maintained focus on
realising our growth strategy, which builds on a combination of acquisitions,
organic growth and strategic alliances. The result of this strategy speaks for
itself - a profit before amortisation, depreciation, impairment and tax for Q1
2007 of DKK 35,924 thousand and an expected profit before amortisation,
depreciation, impairment and tax for 2007 of DKK 150m. 

In 2007 we thus began a number of acquisitions that together support the
Group's future growth strategy in the Group's business areas in the form of
competencies, market shares, customers, assets under management and other
benefits. We are focusing on integrating the companies into the Group so that
we optimise investments and seek to exploit positive synergies. All the
companies are seeing strong growth, and they achieve their earnings targets. We
finance the acquisitions by means of our equity and pay some of the purchase
price in shares. We do so to ensure that the seller is motivated for retaining
the positive development of the acquired company. So far in 2007 we have raised
a cash amount of DKK 390m.” 

For further information on Capinordic A/S, please contact:
Lasse Lindblad,
Group CEO
Mobile: +45 4094 0708
Telephone: +45 8016 3000
Fax: +45 8016 3003
E-mail: info@capinordic.com