REDEMPTION RIGHT AND CLAIM UNDER CHAPTER 18, SECTION 1 OF THE COMPANIES ACT REGARDING SHARES IN eQ CORPORATION

eQ CORPORATION     STOCK EXCHANGE RELEASE     6.8.2007


REDEMPTION RIGHT AND CLAIM UNDER CHAPTER 18, SECTION 1 OF THE COMPANIES ACT
REGARDING SHARES IN eQ CORPORATION 
(Translation from Finnish language original)
 
eQ Corporation (“eQ”) has today been notified by Straumur-Burdaras Investment
Bank hf (“Straumur-Burdaras”) of its redemption right and claim under the
Companies Act. Straumur-Burdaras holds approximately 96.18 per cent of all
shares and votes in eQ. 
 
Straumur-Burdaras has pursuant to its ownership exceeding nine tenths (9/10)
gained a right to redeem all other shares in eQ held by the remaining
shareholders of eQ at fair value in accordance with Chapter 18, Section 1 of
the Companies Act. On 6 August 2007 Straumur-Burdaras notified eQ of its
decision to exercise its redemption right and presented its redemption claim
for the remaining shares in eQ in accordance with the Companies Act. The
content of Straumur-Burdaras' redemption claim is substantially as follows: 

1. Redemption Price for the Shares

The claimed redemption price for the shares is EUR 7.60 per share which is the
same price as the consideration paid by Straumur-Burdaras in its mandatory
public tender offer announced on 8 June 2007. By virtue of the tender offer,
Straumur-Burdaras has gained title to 11.66 per cent of all the shares and
votes in eQ. Additionally, Straumur-Burdaras gained title to 80.57 per cent of
all shares in eQ prior to the announcement of the tender offer for a purchase
price of EUR 7.60 per share and has acquired 3.95 per cent of all shares and
votes in eQ in public trading subsequent to the beginning of the offer period
for the same purchase price of EUR 7.60 per share. Thus, the aggregate
shareholding of Straumur-Burdaras in eQ corresponds to approximately 96.18 per
cent of all shares and votes in eQ. Accordingly, EUR 7.60 per share should be
considered as the fair value of the shares in accordance with the Companies
Act. 

2. Transfer Tax and Payments

Possible transfer tax collected in Finland deriving from the redemption of the
shares as well as the payments and charges arising from book-entry
registrations carried out as a consequence of the redemption will be borne by
Straumur-Burdaras.
 
More detailed background on Straumur-Burdaras' redemption notification and
claim may be found in Straumur-Burdaras' Tender Offer Document dated 8 June
2007, which is available at eQ Bank Ltd. 

Straumur-Burdaras has informed eQ that in order to implement the redemption of
the remaining shares in eQ as referred to in the redemption notification and
claim, Straumur-Burdaras will initiate arbitration proceedings as provided in
the Companies Act. 

eQ Corporation

The Board of Directors

For further information:

Antti Mäkinen               tel. +358 9 6817 8686
CEO                         gsm. +358 50 561 1501
eQ Corporation              e-mail antti.makinen.@eQ.fi


Distribution:
Helsinki Stock Exchange
www.eQ.fi
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