Stock exchange release - 29 September 2005

CapMan exits from steel constructor PPTH-Norden
^{– CapMan to receive approx. MEUR 2.0 carried interest income}

The funds managed by CapMan and Rautaruukki Corporation (Ruukki) have signed an agreement for the full transfer of PPTH-Norden Oy’s parent company PPTH Steelmanagement Oy (PPTH) to the ownership of Ruukki. The value of PPTH in the transaction is approx. EUR 33 million. The transaction requires approval from competition authorise and is expected to be finalised in November 2005. The impact of the exit on CapMan’s result for 2005 is approx. EUR 2.0 million, as a result of carried interest income received from Fenno Fund.

Additional information about the companies:  

CapMan
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. In addition, CapMan manages/advises private equity real estate funds. The CapMan team comprises around 95 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan manages/advises Nordic funds with approx. EUR 1.9 billion in total capital. To date, the funds managed by CapMan have invested in 145 companies in the Nordic countries and exited from 76 companies. The latest investments are made in Swedish Aerocrine AB, Norwegian InfoCare ASA, Finnish Flander Ltd and Danish ScanJour A/S. The portfolio of CapMan’s first private equity real estate fund consists of 17 commercial properties in the Helsinki metropolitan area. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange. www.capman.com    

PPTH-Norden Oy
PPTH offers complete solutions in steel. Since the 1970s, it has pioneered Finnish steel constructing and been a powerful Nordic developer of the branch. PPTH aims to develop as an innovative contractor of solutions based on steel constructing expertise, especially within project management and structural design, as well as in component and construction site service production.  

The parent company of PPTH Group is called PPTH-Norden Oy. It produces structural frame system products for Northern Europe based constructors of buildings, bridges, and machines.  

PPTH-Norden Oy has two subsidiaries. The structural design company, PPTH-Engineering Oy, is the Group’s expert in technology and structural design of steel. PPTH-Solutions Oy, for its part, is the company responsible for contracting industrial and office construction projects in the Nordic market. Its deliveries consist at best of the structural frame of the building, including the connected intermediate floor, wall, and roof structures from design to construction site services. www.ppth.fi  

Ruukki
Ruukki supplies metal-based components, systems and turnkey deliveries to the construction and mechanical engineering industries. The company has a wide selection of metal products and services. Ruukki has operations in 21 countries and employs 11,000 people. Net sales in 2004 totalled EUR 3.6 billion. The company's share is quoted on the Helsinki Exchanges (Rautaruukki Corporation: RTRKS). www.ruukki.com

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