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Home › Media › Releases 2005 › Exit from AffectoGenimap moves Fenno Fund substantially closer to carry

Stock exchange release - 27 May 2005

Exit from AffectoGenimap moves Fenno Fund substantially closer to carry

The Fenno Fund co-managed by Fenno Management Oy and CapMan has sold 2,565,707 of its shares in portfolio company AffectoGenimap Plc in the AffectoGenimap IPO that closed yesterday. The share price was EUR 4.80 per share, and the share sales were transacted this morning in the pre-trading period of Pre List trading on the Helsinki Stock Exchange. The sale of AffectoGenimap shares moves Fenno Fund substantially closer to carry, but it does not impact on CapMan Plc’s result for 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. Fenno Fund held a 33.7% stake in AffectoGenimap prior to the public listing. Following the listing the Fund’s holding is 12.4% or 1,913,044 AffectoGenimap shares, which are subject to a six-month lock up period or ban on sales. Should Enskilda Securities exercise the buyer’s option given by the Fund to purchase 567,100 shares, the lock up period pertaining to these shares may lapse during the next 30 days.

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

CAPMAN PLC

Jerome Bouix
Director, Fundraising and IR

DISTRIBUTION
Helsinki Exchanges
Principal media

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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