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CapMan exits ECO-DAN A/S


Press release - 8 December 2006 -- Funds managed by CapMan have sold the activities in ECO-DAN A/S, a Danish provider of guidance systems used for precision farming, to an European manufacturer of agricultural equipment. The transaction is expected to be closed by the end of 2006. The funds’ exit does not have substantial impact on CapMan Plc’s result for 2006.

ECO-DAN is a developer of a high-tech guidance system for automatic precision guidance of tractors and agricultural implements including applications such as cultivation, tram lines, tracks and furrows. The products of ECO-DAN enables farmers to carry on farming more efficiently and economical.

“ECO-DAN has successfully been able to develop and recently launched a third generation product which significantly improved its strategic positioning within high-tech farming and enlarged its market potential significantly. This has paved the way for the transaction and is a blue stamp for the technology, products and employees of the company”, states Chairman of ECO-DAN and CapMan’s Investment Director Tommy Valther Hansen.

CapMan funds CapMan Equity VII, Swedestart Tech and Finnventure V ET, which is parallel fund to Finnventure V and focused on technology investments, invested in ECO-DAN in 2002 together with the Danish Growth Fund (Vækstfonden) and NOVI A/S. Prior to the transaction CapMan funds had 38.7 % stake in the company. The investment in ECO-DAN has been satisfactory for the investors in the CapMan funds.

For further information, please contact: Tommy Valther Hansen, Chairman of ECO-DAN and Investment Director, CapMan Technology, Tel. +45 35 25 99 32 or +45 29 41 14 80


CapMan
CapMan is one of the leading private equity investors in the Nordic countries and manages Nordic buyout, mezzanine, technology, life science and real estate funds with approximately EUR 2.6 billion in total capital. Each investment area has a dedicated team and altogether CapMan employs around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. Established in 1989, CapMan has strong experience as a fund manager and as a partner for investors and entrepreneurs. To date CapMan has made over 150 Nordic investments and over 90 exits. The current portfolio encompasses over 60 companies with an aggregate turnover of approx. EUR 2.5 billion and aggregate personnel of 17,000 people. The latest investments are made in Finnish Maintpartner Oy, Danish ScanJour A/S, Swedish Neoventa AB and Norwegian InfoCare ASA. The portfolio of CapMan’s first private equity real estate fund consists of 22 commercial properties in the Helsinki metropolitan area. The B shares of CapMan Plc are listed on the Main List of the Helsinki Stock Exchange since 2001. www.capman.com
xx


Publisher Contact Information:

CapMan Capital Management Oy
+45 35 25 99 32
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