eQ Oyj - Company Announcement

eQ AND ICECAPITAL ASSET MANAGEMENT AND FUND MANAGEMENT COMPANIES COMMENCE CO-DETERMINATION NEGOTIATIONS

eQ PLC                                                                         
  STOCK EXCHANGE RELEASE 



22 November 2012, at 8.30 a.m.



eQ AND ICECAPITAL ASSET MANAGEMENT FUND MANAGEMENT COMPANIES COMMENCE
CO-DETERMINATION NEGOTIATIONS 



eQ Plc (eQ) announced on 20 November 2012 that it has acquired ICECAPITAL Asset
Management Ltd and its fully owned subsidiaries, ICECAPITAL Fund Management
Company Ltd, ICECAPITAL Life Ltd and ICECAPITAL Asset Management (Norway) AS as
well as the following subsidiaries, where the personnel owns the minority:
ICECAPITAL Financial Products Ltd, ICECAPITAL Asset Management AB (Sweden) and
ICECAPITAL Asset Management (Denmark) A/S. 

As a result of the acquisition eQ 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 acquired business is planned to be integrated into eQ Group as soon as
possible. For this reason eQ Asset Management Ltd, eQ Fund Management Company
Ltd, ICECAPITAL Asset Management Ltd and ICECAPITAL Fund Management Company Ltd
commence co-determination negotiations concerning the whole personnel of these
companies. The negotiations concern 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. 

The co-determination negotiations are aimed to remove overlapping functions
generated as a result of the acquisition and to improve competitiveness by
adapting costs. The acquisition and integration of operations as a result of
the acquisition support eQ's strategy to become a leading asset manager in
Finland and to improve eQ's competitive position. 

The company's current estimate is that the integration plans may lead to
personnel reduction of 20 person-years, at most and also possibly substantial
changes in job descriptions and other terms of employment. The co-determination
negotiations concern the whole personnel of eQ Asset Management Ltd, eQ Fund
Management Company Ltd, ICECAPITAL Asset Management Ltd and ICECAPITAL Fund
Management Company Ltd. 



Helsinki 22 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.