CapMan Oyj — M&A Activity 2011

Jun 15, 2011

CapMan sells its remaining holding in Å&R Carton, impact on CapMan Plc's result for 2011 approx. EUR 2.5 million

CapMan sells its remaining holding in Å&R Carton, impact on CapMan Plc's result for 2011 approx. EUR 2.5 million

CapMan Plc Stock Exchange Release 15 June 2011 at 5.50 p.m.  EET

CapMan sells its remaining holding in Å&R Carton, impact on CapMan Plc's result
for 2011 approx. EUR 2.5 million

The funds managed by CapMan and Ahlström Capital Group have agreed that the
funds managed by CapMan will sell their 32% holding of shares in Å&R Carton AB
to Ahlström Capital Group. When completed, the transaction will have an impact
of approx. EUR 2.5 million on CapMan Plc's result for 2011 as a result of
carried interest income received from the Finnventure V and Fenno Program funds.

In addition to the approx. EUR 2.5 million carried interest income from the Å&R
exit CapMan has announced that the Proxima exit disclosed in early May will have
an approx. EUR 4.8 million profit impact in 2011. The group's operating profit
for the first quarter of 2011 was EUR 4.0 million. Both exits require the
approval of competition authorities. The sale of Å&R is expected to be finalised
in the third quarter of 2011 and the sale of Proxima in June 2011.

Å&R Carton is one of Europe's leading manufacturers of folding cartons and
packaging systems. The Finnventure IV, Finnventure V, and Fenno Program funds,
together with the Finnmezzanine II A and C funds, invested in Å&R Carton in
2000. In 2009 the funds sold part of their holding to Ahlström Capital Group
which then became majority owner in the company.

Following the closing of the transaction announced today, CapMan funds will have
completely exited Å&R Carton and the company will have fully repaid its
outstanding mezzanine loans to the funds.

Further information:
Anders Björkell, Partner, CapMan Buyout, tel. +358 (0)207 207 502 or +358 (0)40
537 7566
Niko Haavisto, CFO, CapMan Plc, tel. +358 (0)207 207 583 (CapMan financials)

CAPMAN PLC

Mari Reponen
Communications Director

DISTRIBUTION
NASDAQ OMX Helsinki
Principal media
www.capman.com

CapMan www.capman.com
CapMan is one of the leading private equity firms in the Nordic countries and
Russia, with assets under management of €3.4 billion. CapMan has four key
investment partnerships - CapMan Buyout, CapMan Russia, CapMan Public Market,
and CapMan Real Estate - each of which has its own dedicated investment team and
funds. Altogether, CapMan employs approx. 140 people in Helsinki, Stockholm,
Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed
on the Helsinki Stock Exchange since 2001.

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