published in Danish 2007-07-23 at 07:19:32 CEST

This Prospectus has been prepared as a result of three direct placements - two
direct placements of shares against cash payment and one non-cash contribution. 

The Supervisory Board of Capinordic A/S resolved on 20 March 2007 to carry out
a direct placement against cash payment of 8,800,000 shares of DKK 0.50 each,
totalling a nominal value of DKK 4,400,000. The capital increase is expected to
be registered by the Danish Commerce and Companies Agency in July 2007
immediately after approval of this Prospectus. 

The proceeds of DKK 240m will be applied to support the growth strategy of the
Capinordic Group. The growth strategy is based on a combination of
acquisitions, alliances, investments and organic growth. 

The Supervisory Board of Capinordic A/S resolved on 9 May 2007 to carry out a
direct placement against cash payment of 5,643,340 shares of DKK 0.50 each,
totalling a nominal value of DKK 2,821,670. The capital increase was notified
to the Danish Commerce and Companies Agency on 26 June 2007. 

The gross proceeds of DKK 150m will support the growth strategy of the
Capinordic Group. All shares were subscribed for by SL Nordic Holding ApS. 

The Supervisory Board of Capinordic A/S resolved on 9 May 2007 to carry out an
increase of the share capital by means of a non-cash contribution. This
increase corresponds to an increase in the share capital by a nominal value of
DKK 1,542,513, corresponding to 3,085,026 shares of DKK 0.50 each. The capital
increase was registered by the Danish Commerce and Companies Agency on 26 June
2007. 

The non-cash contribution was made in connection with the acquisition of the
entire share capital of Aktie- & Valutainvest ApS, which was wholly owned by SL
Nordic Holding ApS. 

The capital increases were made by the Supervisory Board by its exercise of the
authority provided in Article 8 of the Company's Articles of Association.