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Press release - 18 December 2007

CapMan exits Savcor

Savcor Group Ltd Oy has today made an Initial Public Offering (IPO) of part of its business on the Australian Securities Exchange (ASX) and will repay its mezzanine and equity loans to Finnmezzanine Fund III A managed by CapMan. It is expected that the loan repayments in their entirety will be finalised in the first half of 2008. The fund’s exit from Savcor does not impact on CapMan Plc’s result for 2007 or 2008.

Savcor is a leading provider of surface coatings and surface protection technologies that shield, among other things, mobile phones against electronic interference and civil structures and industrial assets against corrosion. The company’s main customer sectors are the mobile phone industry and many infrastructure industries from construction to oil exploration and mining. Finnmezzanine Fund III A invested in Savcor in January 2002. The investment in the company has been satisfactory for investors in the fund.

For further information, please contact:

Tuomo Raasio, Senior Partner, Head of CapMan Buyout, tel. +358 9 6155 8305 or +358 400 405682

CapMan www.capman.com
CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3 billion in total capital. CapMan has four investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science and CapMan Real Estate), and each of them has a dedicated team. Altogether CapMan employs around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.

Savcor www.savcor.com
Savcor is a leading provider of surface coatings and surface protection technologies that shield, among other things, mobile phones against electronic interference and civil structures and industrial assets against corrosion. The company’s main customer sectors are the mobile phone industry and many infrastructure industries from construction to oil exploration and mining. The Finnish parent company Savcor Group Ltd Oy retains 61% of its Australian subsidiary Savcor Group Ltd, which today made an IPO on the Australian Securities Exchange and has some 1,400 employees and forecast revenue of EUR 73 million in 2007. In addition Savcor Group Ltd Oy wholly owns the global provider of performance optimising solutions for forest industry Savcor Forest Group, provider of laser production solutions Savcor Alfa Oy and specialist in mobile phone customisation Savcor One Line Oy.

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