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Home › Media › Releases 2004 › Enlargement of CapMan Plc’s ownership base

Stock exchange release - 2 March 2004

Enlargement of CapMan Plc’s ownership base

The Senior Partners and other employee owners of CapMan Plc Group have sold a total of 10,000,000 CapMan Plc B shares to international and Finnish institutional investors. The shares represent 13.4 per cent of the company’s shares and 6.8 per cent of the company’s voting rights. The share sale is part of the aim to improve the liquidity of the B share, by reducing the employee shareholding of CapMan Plc shares to approximately 50 per cent in the next few years.

The share transactions were carried out on the Helsinki Stock Exchange today 2 March 2004. Following the sales, the Senior Partners and other employees of CapMan Plc hold 56.3 per cent of shares and 77.7 per cent of voting rights.

The share capital of CapMan Plc is EUR 746,816.30, and it comprises a total of 8,000,000 A shares and 66,681,630 B shares. The nominal share value is EUR 0.01. Each A share entitles its holder to ten (10) votes and each B share entitles its holder to one (1) vote.

The decrease in the employees’ shareholding to approx. 50 per cent, from approx. 70 per cent prior to the sale, will be implemented during the next few years. Senior Partner Ari Tolppanen, CEO of CapMan Plc, comments on the timing of the first stage of the share sale as follows: ”First and foremost the aim is to improve the B shares’s liquidity, as it has been quite low for a company on the Main List. We feel, that the timing for the reduction of our ownership is right from stock market point of view, since if exit markets pick up in line with our expectations, CapMan’s profit outlook will also improve. In addition the CapMan B share has been the subject of increasing demand from buyers, especially in recent months.”

For further information please contact:

Mr Ari Tolppanen, CEO, Senior Partner, CapMan Plc, tel. +358 9 6155 8307 or +358 500 407343

Appendix: Shareholding of CapMan’s Senior Partners and personnel following the share transactions as at 2 March 2004

CapMan Group
CapMan is one of the leading private equity investors in the Nordic countries and specialises in mid-sized buyouts in various industry sectors, technology investments in the IT and telecommunications sectors and investments in life science companies. CapMan team comprises around 80 people in Helsinki, Stockholm and Copenhagen. CapMan manages/advises funds with approx. EUR 1.7 billion in total capital, of which approx. 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 137 companies in the Nordic countries and exited from 58 companies. The latest investments are made in Finnish Setec Oy and in Swedish Serco Sverige AB. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange.

Appendix: Shareholding of CapMan’s Senior Partners and personnel following the share transactions as at 2 March 2004

		Number of	% of	Number	% of
		shares (A+B)	shares	of votes	votes
1	Aristo Invest Oy* +
	Ari Tolppanen	10,055,952	13.46	32,079,240	21.87
2	Geldegal Oy* +
	Olli Liitola	5,307,965	7.11	16,932,707	11.54
3	Winsome Oy* +
	Tuomo Raasio	5,307,965	7.11	16,932,707	11.54
4	Vesasco Oy*
	(Vesa Vanha-Honko**)	5,298,178	7.09	16,922,920	11.54
5	Heiwes Oy* +
	Heikki Westerlund	4,049,005	5.42	10,722,037	7.31
6	Other CapMan employees***	3,394,888	4.55	3,394,888	2.31
7	Novestra Ab* +
	Peter Buch Lund	3,369,448	4.51	10,042,480	6.85
8	Guarneri Oy* +
	Petri Saavalainen	1,234,460	1.65	2,990,882	2.04
9	Degato International SARL
	(Lennart Jacobsson**)	1,129,217	1.51	1,129,217	0.77
10	Mateus International SARL
	(Jan Lundahl**)	1,129,217	1.51	1,129,217	0.77
11	Torpet International SARL
	(Lars Hagdahl**)	1,053,936	1.41	1,053,936	0.72
12	Leif Jensen*	699,469	0.94	699,469	0.48
	In Total	42,029,700	56.28	114,029,700	77.74

* Companies owned by CapMan's Senior Partners own all 8.000.000 A shares, each of which has 10 votes for every 1 B share vote. There are 66,681,630 B shares in total and 8,000,000 A-shares.

** The owner of the company marked in parentheses is a Senior Partner of CapMan who does not directly own shares in the company.

*** CapMan’s employee shareholders among 100 largest shareholders excl. CapMans senior partners.

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