CapMan Nordic Real Estate fund reaches EUR 266 million interim close

CapMan Plc Stock Exchange Release 18 December 2014 at 9.00 a.m. EET

CapMan Nordic Real Estate fund reaches EUR 266 million interim close

CapMan Real Estate has held a EUR 266 million interim close for its latest value-add fund. The CapMan Nordic Real Estate (CMNRE) fund invests mainly in office, retail and residential properties in major Nordic cities.

The CMNRE fund reached EUR 266 million prior to its final closing date 31 March 2015. The fund invests mainly in office, retail and residential properties in established submarkets of major Nordic cities, such as the fast-growing office market in prime suburban Stockholm and the sought-after residential market in Copenhagen. The fund has undertaken eight transactions and it is continuously looking for new value-add opportunities.

"We are very pleased that the CMNRE fund has shown high interest amongst both domestic and international investors including the US. There is a clear international demand for Nordic private equity real estate investments and we are pleased to be able to offer investors this opportunity. Our strong local teams, which we are looking to further strengthen, are well-positioned to execute the fund's investment strategy," says Mika Matikainen, Senior Partner and Head of CapMan Real Estate.

The CMNRE fund generates management fees and carried interest to CapMan according to private equity real estate fund standards.

For further information:

Mika Matikainen, Head of CapMan Real Estate, Senior Partner, tel. +358 (0)20 720 7616

CAPMAN PLC

Hanna Hinkkanen

Communications Officer

Distribution:

NASDAQ OMX Helsinki

Principal media

www.capman.com

CapMan Real Estate www.capman.com

CapMan Real Estate manages four real estate funds: the CapMan Nordic Real Estate fund, which is in active investment phase and investing in office, retail and residential properties located in the Nordic countries, the CapMan Real Estate I fund, which is focused on commercial properties in Greater Helsinki, the CapMan RE II fund, which is focused on commercial and development projects around Finland and CapMan Hotels RE fund, which owns hotel properties, primarily in Finland. The team comprises of approx. 20 people based in Helsinki, Stockholm, Copenhagen and London.

CapMan Real Estate is part of CapMan Group, a leading private equity firm in the Nordic countries and Russia, with assets under management of €3.2 billion. CapMan has five key investment partnerships - CapMan Buyout, CapMan Real Estate, CapMan Russia, CapMan Credit and CapMan Public Market - each of which has its own dedicated investment team and funds. Altogether, CapMan employs approx. 100 people in Helsinki, Stockholm, Moscow, Luxembourg and London. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.

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