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Press release - 15 August 2003

CapMan exits from Republica

CapMan funds Finnventure Fund V Ky and Finnventure Fund V ET Ky have sold their shares in Republica Jyväskylä Oy to the company’s founder Jouko Salonen for a nominal price. The final selling price will depend on the company’s future development. The Republica investment was made in 2000 and it represents 2.0% of the capital in the funds in question. The exit does not have a significant effect on CapMan’s 2003 result, because CapMan’s investment as the funds’ management company is small.

Republica, provider of XML-based integration software and information services, has filed for reorganisation as a result of the slower than estimated development of its turnover and cash flow, which is due to the weak market situation of software and IT services among other things. The application was accepted and restructuring has commenced. The company will continue business operations in Jyväskylä with a team of about 10 employees.

For further information please contact:
Mr Timo Tiihonen, Senior Advisor
Tel. +358 9 6155 8352

CapMan Group
CapMan is one of the leading private equity investors in the Nordic countries. The company specialises in mid-sized buyouts in various industry sectors, technology investments in the IT and telecommunications sectors and investments in life science companies. The CapMan team comprises about 80 people in Helsinki, Stockholm and Copenhagen. CapMan manages and advises funds with approximately EUR 1.653 billion in total capital. Of this approximately EUR 527 million is managed by the affiliated company Access Capital Partners, which invests in European private equity funds. To date, the funds managed by CapMan have invested in 133 companies in the Nordic countries and exited from 54 companies. CapMan’s newest portfolio companies include Distocraft Oy in Finland, Metallfabriken Ljunghäll AB in Sweden and Eco-Dan A/S in Denmark. CapMan Plc’s B share is listed on the Main List of the Helsinki Stock Exchange.

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