eQ Oyj - Company Announcement

COMPLETION OF CO-DETERMINATION NEGOTIATIONS OF eQ AND ICECAPITAL ASSET MANAGEMENT AND FUND MANAGEMENT COMPANIES

eQ PLC                                                                         
  STOCK EXCHANGE RELEASE 



28 November 2012, at 10.20 a.m.



COMPLETION OF CO-DETERMINATION NEGOTIATIONS OF eQ AND ICECAPITAL ASSET
MANAGEMENT AND FUND MANAGEMENT COMPANIES 



The co-determination negotiations of eQ Asset Management Ltd, eQ Fund
Management Company Ltd, ICECAPITAL Asset Management Ltd and ICECAPITAL Fund
Management Company Ltd, commenced on 22 November 2012, have been completed. The
co-determination negotiations aimed to remove overlapping functions generated
as a result of the acquisition of ICECAPITAL Asset Management Ltd and its
subsidiaries which was released on 20 November 2012, and to improve
competitiveness by adapting costs. As a result of the acquisition, the company
plans to execute business transfers in early 2013, where the business of
ICECAPITAL Asset Management Ltd is transferred to eQ Asset Management Ltd and
the business of ICECAPITAL Fund Management Company Ltd is transferred to eQ
Fund Management Company Ltd. The business transfers are estimated to be
executed on 1 January 2013. 

The negotiations concerned the plan to integrate and reorganize operations as a
result of the business transfers and the possible outcome of these actions,
including possible personnel reduction measures. As conclusion of the
negotiations, it was clarified that the integration plans may lead to personnel
reduction of 19 person-years at most. The original estimate was reduction of 20
person-years. The co-determination negotiations concerned the whole personnel
of eQ Asset Management Ltd, eQ Fund Management Company Ltd, ICECAPITAL Asset
Management Ltd and ICECAPITAL Fund Management Company Ltd. 



Helsinki 28 November 2012



eQ Plc



Janne Larma, CEO



Additional information: Janne Larma, CEO, tel. +358 40 500 4366



Distribution: NASDAQ OMX Helsinki, www.eQ.fi



eQ Group is a Finnish publicly listed group of companies that specialises in
asset management and corporate finance operations. eQ Asset Management offers a
wide range of asset management services (including private equity funds) for
both institutional investors and private individuals. The assets managed by the
Group total approximately EUR 6.0 billion after the acquisition announced on 20
November 2012. 

Advium Corporate Finance Ltd, which is part of the Group, offers services
related to mergers and acquisitions, real estate transactions and equity
capital markets. 



More information about the Group is available on our website at www.eQ.fi.



Additional information: Janne Larma, CEO, tel. +358 40 500 4366



Distribution: NASDAQ OMX Helsinki, www.eQ.fi







eQ Group is a Finnish publicly listed group of companies that specialises in
asset management and corporate finance operations. eQ Asset Management offers a
wide range of asset management services (including private equity funds) for
both institutional investors and private individuals. The assets managed by the
Group total approximately EUR 6.0 billion after the acquisition announced on 20
November 2012. 

Advium Corporate Finance Ltd, which is part of the Group, offers services
related to mergers and acquisitions, real estate transactions and equity
capital markets. 



More information about the Group is available on our website at www.eQ.fi.