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Stock exchange release - 27 May 2004

CapMan Plc to repurchase own shares


The Board of Directors of CapMan Plc resolved yesterday that the company will acquire a maximum of 3,500,000 of the company’s own B shares on the basis of the authorization given by the Annual General Meeting on 1 April 2004.

The B shares will be acquired in the public trading on the Helsinki Exchanges at the publicly quoted market price at the time of purchase, as provided by the regulations on public trading of shares. The acquisition of the shares will begin on 3 June 2004 at the earliest, and shall end by 31 March 2005 at the latest.

The shares will be acquired to use them as consideration in connection with prospective business acquisitions, to develop the capital structure of the company, to dispose of them in some other way or to invalidate them. The repurchasing of the B shares will reduce the amount of funds available for dividend distribution.


CAPMAN PLC



Jerome Bouix
Director of Investor Relations and Communications

DISTRIBUTION
Helsinki Exchanges
Principal media