CapMan Plc acquires remaining 49% of Norum



CapMan Plc Stock Exchange Release 20 April 2009 at 5.30 p.m. EET

The minority shareholders of Norum, who hold 49% of the company's
shares, have announced the decision to exercise their put option to
sell their remaining stake in Norum (current CapMan Russia investment
area) to CapMan Plc. CapMan Plc acquired Norum in August 2008. The
purchase price for the remaining shares will be approx. EUR 3.6
million. CapMan Plc will finance the acquisition with cash and a
directed share issue to the sellers.

Following the transaction the remaining 49% of Norum shares will
transfer to CapMan Plc's ownership. The purchase price for the shares
will be approx. EUR 3.6 million, of which approx. EUR 1.8 million
will be paid in cash and approx. EUR 1.8 million in CapMan Plc B
shares through a directed issue to the sellers. CapMan Plc's Board of
Directors has resolved on 20 April 2009 to issue a total of 2,216,541
new CapMan Plc B shares for this purpose. The value of each B share
in the transaction is EUR 0.81 corresponding to the volume weighted
average trading price of CapMan B shares between 14 March 2009 and 14
April 2009. After the share issue there will be 77,674,965 CapMan Plc
B shares in total. The issued shares will be promptly registered to
the Trade Register.

The minority shareholders of Norum consist of the company's
management, who also act as investment professionals in the current
CapMan Russia team. Following the transaction their ownership in
CapMan Plc will increase to approx. 4.3% of CapMan Plc shares. 49.2%
of the B shares owned by the sellers are under lock-up which will be
gradually released over a three-year time period ending June 2012.

CapMan Plc signed the Norum acquisition in May 2008, and 51% of Norum
shares were transferred to CapMan's ownership in August 2008. Due to
the sellers' put option Norum has been consolidated in CapMan Group's
figures as a 100% owned subsidiary since September 2008.

More information on the transaction can be found in the stock
exchange releases published on 26 May 2008, on 27 August 2008 and on
7 April 2009, available at CapMan's Internet pages at
http://www.capman.com/En/Media/Releases.

For more information, please contact:
Heikki Westerlund, CEO, CapMan Plc, tel.  +358 207 207 504 or +358
50 559 6580


CAPMAN PLC


Mari Reponen
Communications Director
Investor Services

DISTRIBUTION
Helsinki Stock Exchange
Principal media
www.capman.com

CapMan  www.capman.com
CapMan is one of the leading alternative asset managers in the Nordic
countries and Russia and manages private equity funds with
approximately EUR 3.4 billion in total capital. CapMan has six
investment areas (CapMan Buyout, CapMan Technology, CapMan Life
Science, CapMan Russia, CapMan Public Market and CapMan Real Estate),
and each of them has a dedicated team and funds. Altogether CapMan
employs over 140 people in Helsinki, Stockholm, Copenhagen, Oslo and
Moscow. CapMan was established in 1989 and its B shares are listed on
the Helsinki Stock Exchange since 2001.