CapMan Oyj — Management Reports 2011

Feb 4, 2011

CapMan updates its strategy and financial targets

CapMan updates its strategy and financial targets

CapMan Plc Stock Exchange Release 4 February 2011 8.40. a.m. EET

CapMan updates its strategy and financial targets

CapMan's Board of Directors has approved the Group's updated strategy and new
financial targets. CapMan's strategy is to combine the strengths of
entrepreneurial partnerships and all capabilities within CapMan to provide
excellent returns to its investors. To provide a clearer direction also new
mission and vision statements have been adopted.

CapMan's updated strategy builds on combining the strengths of entrepreneurial
partnerships and all capabilities within CapMan. CapMan has four key
partnerships i.e. Buyout, Russia, Public Market and Real Estate, and their
strengths comprise strong local presence, focus on low to mid market deals in
portfolio company investments and real estate targets with true development
potential, as well as long experience and track record from Nordic and Russian
private equity over the cycles. The capabilities within CapMan include unique
market coverage, sharing market understanding among its investment teams,
professional fundraising and longstanding investor relations, and high quality
service infrastructure, which all enable the investment teams to fully focus on
investment activities.

By combining these strengths and capabilities CapMan obtains a unique platform
to provide excellent returns to investors. That combination paired with focus on
performance leads towards CapMan's vision to be the best-performing European
private equity firm, and to the fulfilment of CapMan's mission to build
successful businesses contributing to the enrichment of society.

Financial targets

We believe that private equity remains a growth industry, and CapMan continues
to exploit growth opportunities especially in its key investment areas. CapMan's
relevant financial targets relate to group profitability and balance sheet.
CapMan's target for return on equity is over 20% p.a.; its target for equity
ratio is over 60%, and its dividend pay-out ratio (as before) at least 50 % of
the net profit. The amount of future dividends will be subject to CapMan's
future earnings, financial position and cash flows.

For further information, please contact:
Lennart Simonsen, CEO, CapMan Plc, tel. +358 (0)207 207 567 or +358 (0)400
439 684

CAPMAN PLC

Board of Directors

DISTRIBUTION
NASDAQ OMX Helsinki
Principal media
www.capman.com

CapMan
CapMan is a private equity fund manager operating in the Nordic countries and
Russia with approximately EUR 3.5 billion in capital under management. CapMan
has four key investment areas i.e. Buyout, Russia, Public Market and Real
Estate, and each of them has dedicated, entrepreneurial  teams and funds.
Altogether CapMan employs approximately 150 people in Helsinki, Stockholm, Oslo,
Moscow, Copenhagen and Luxembourg. CapMan was established in 1989 and its B
shares are listed on the Helsinki Stock Exchange since 2001.

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