MJP Waterjets wins record order worth Euro 12 million for the Indian coast guard

MJP Waterjets, the fastest growing global supplier of waterjets, wins one of the
largest contracts ever in the market for waterjets, worth Euro 12 million. MJP  
Waterjets will supply waterjets for 36 high-speed interceptor boats for the     
Indian coast guard. The high-speed interceptor boats will be designed and       
constructed by the Indian engineering and construction firm Larsen & Toubro,    
which is MJP Waterjets's contractual party. Deliveries of waterjets will take   
place during 2010- 2013. The order is an important reference for MJP Waterjets's
continued sales in India, which is expected to become the world's largest market
for waterjets during forthcoming years.                                         

- The record order for the Indian coast guard is the company's first order in   
India and now a total of 22 countries have selected MJP Waterjets for their     
governmental applications. The order, worth Euro 12 million, is an important    
milestone for MJP Waterjets and our ambition to become the number 1 player in   
the global market for waterjets, says MJP Waterjets's CEO, Hans Andersson.      

- The order was won in tough international competition, where technical         
performance and life cycle cost determined the choice of MJP Waterjets as       
supplier. These features have created MJP Waterjets's strong market position in 
coast guard and navy vessels, says MJP Waterjets's CEO, Hans Andersson.         

MJP Waterjets's sales in 2009 amounted to Euro 17,6 million with an operating   
margin of 10 % and an operating result of Euro 1,7 million. MJP Waterjets has   
achieved a compound annual revenue growth rate (CAGR) of 23 % over the past     
three years. MJP Waterjets has currently an order back-log worth Euro 33        
million. The order to the Indian coast guard will also generate after-sales     
revenues in coming years.                                                       

MJP Waterjets is the fastest growing global supplier of waterjets. MJP Waterjets
develops, markets and delivers tailor-made, high performance and heavy-duty     
waterjet propulsion systems. MJP Waterjets offers technology-leading waterjets, 
that generate more thrust from installed power, leading to higher ship speed,   
lower fuel consumption as well as lower life cycle cost. MJP Waterjets delivers 
waterjets for governmental applications such as coast guard vessels, patrol     
boats, landing crafts and customs boats, as well as applications for work boats,
luxury yachts and fast ferries. In total, governments in 22 countries have      
chosen MJP Waterjets for their governmental applications. MJP Waterjets was     
founded in 1986 and has today over 700 waterjets in service around the world.   

MJP Waterjets, in Österbybruk, is part of the Swedish industrial group Österby  
Marine, including Österby Gjuteri and Alcopropeller. Österby Marine is owned by 
Capilon, a private equity company listed on NASDAQ OMX First North.             

MJP Waterjets will exhibit at SMM 2010 (Shipbuilding, Machinery & Marine        
technology international trade fair), which will take place in Hamburg on       
September 7 - 10. Visit MJP Waterjets in Hall A3, Stand 104 and find out about  
our latest developments and record order for the Indian coast guard. For more   
information about MJP Waterjets, please visit: www.mjp.se                       

For more information                                                            
Alex Molvin, CEO, Capilon, E-mail: alex.molvin@capilon.se, Tel: +46 708 25 39 90
Hans Andersson, CEO, MJP Waterjets, E-mail: hans.andersson@mjp.se, Tel: +46 702 
14 02 95                                                                        

Capilon AB (publ)         
Address: Järnvägsgatan 23 
252 24 Helsingborg, Sweden
Tel: +46 42 24 01 12      
Fax: +46 42 24 16 01      
E-mail: info@capilon.se   
www.capilon.se