2.9.2014at 1:00 p.m.THE FINNISH CULTUTRAL FOUNDATION OUTSOURCES THE MANAGEMENT OF PRIVATE EQUITY INVESTMENTS TO EQ ASSET MANAGEMENT The Finnish Cultural Foundationand eQ Asset Management have today signed a long term agreement by which The Finnish Cultural Foundationoutsources the management of private equity and other alternative investments to eQ Asset Management. The outsourcing covers both existing and future investments. ’’The Finnish Cultural Foundation is one of the largest institutional investors in Finlandand we are very pleased to have been appointed as their partner in building the private equity program. Private equity investments are by nature long term and illiquid offering a higher expected relative return when compared with other asset classes. For this reason, private equity is ideally suited to long term investors. The private equity team of eQ Asset Management has a long experience, solid track record and a wide manager network – we believe eQ Asset Management offers an outstanding platform for The Finnish Cultural Foundationto access private equity markets globally’’, says Staffan JÅfs, Head of Private Equity at eQ Asset Management. ‘’We have been pleased with the return of our private equity portfolio and private equity will continue to play a central role in our asset allocation. However, the management of these investments requires a fair amount of administrative resources when compared with other asset classes, including monitoring and reporting systems. By outsourcing the management of new investments and portfolio administration to eQ Asset Management we achieve cost-effectiveness, excellent reporting and investment service tailored to our needs’’, says Ralf Sunell, The Chief Investment Officer of The Finnish Cultural Foundation. eQ Asset Management Ltd Helsinki, 2 September 2014For further information: Head of Private Equity, Staffan JÅfs, eQ Asset Management Ltd, tel +358 40 830 9045 / staffan.jafs@eQ.fi eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group total approximately EUR 7.1 billion. Advium Corporate Finance, 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. Copyright © 2014 OMX AB (publ).