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Stock exchange release - 12 May 2005

CapMan’s portfolio company AffectoGenimap Plc files to IPO on the Helsinki Stock Exchange
^{– Possible exit from AffectoGenimap would move Fenno Fund substantially closer to carry}

AffectoGenimap Plc, a portfolio company of the Fenno Fund co-managed by Fenno Management Oy and CapMan, has today published a stock exchange release on the share issue and sale of AffectoGenimap Plc (”Initial Public Offering”) and filing for public listing. In connection with the public listing, Fenno Fund intends to sell part of its shareholding in AffectoGenimap Plc. The execution of the AffectoGenimap Plc share sale will move Fenno Fund substantially closer to carry, but will not impact on CapMan Plc’s result for 2005.

More detailed information on the initial public offering of AffectoGenimap Plc has been issued in the stock exchange release and appendices published by AffectoGenimap Plc today. AffectoGenimap Plc will make a final decision on the execution of the initial public offering, the number of shares to be sold, the sale price and other terms at the closure of the Institution sale associated with the IPO, at an estimated 26 May 2005.

Fenno Fund invested in Affecto Ltd in 1999. Fenno Management Oy has been responsible for the development of the company. Affecto Ltd, provider of business intelligence solutions and Genimap Corporation, specialist in digital location-based information systems, merged in autumn 2004. Prior to the public listing, Fenno Fund holds a 33.7% stake in AffectoGenimap.

For further information, please contact:
Olli Liitola, CFO, CapMan, tel. +358 400 605 040

Information regarding IPO:
Antti Halila, CEO, AffectoGenimap Plc, tel. +358 2 05 777 701
Antti Mäkinen, Director, Enskilda Securities, tel. +358 9 616 28120

CapMan Group
CapMan is one of the leading private equity investors in the Nordic countries and specialises in middle market buyouts in various industry sectors, technology investments in the IT and communications sectors and investments in life science companies. The CapMan team comprises around 80 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan manages/advises Nordic funds with approx. EUR 1.4 billion in total capital. To date, the funds managed by CapMan have invested in 141 companies in the Nordic countries and exited from 68 companies. The latest investments are made in Norwegian Cardinal Foods AS, Finnish Moventas Oy (formerly Metso Drives Oy), Swedish SciBase AB and Danish Anhydro Group. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange.

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Translations:

Stock exchange release - 12 May 2005

CapMan’s portfolio company AffectoGenimap Plc files to IPO on the Helsinki Stock Exchange ­– Possible exit from AffectoGenimap would move Fenno Fund substantially closer to carry

CapMan’s portfolio company AffectoGenimap Plc files to IPO on the Helsinki Stock Exchange
^{– Possible exit from AffectoGenimap would move Fenno Fund substantially closer to carry}