ARBITRAL PROCEEDINGS REGARDING THE REDEMPTION OF SHARES IN eQ (Translation from Finnish language original) Not to be published or distributed in the United States of America, Canada, Japan or Australia. eQ Corporation has today received the following information from Straumur-Burdaras Investment Bank hf. REDEMPTION CLAIM FOR THE MINORITY SHARE PURSUANT TO THE FINNISH COMPANIES ACT/SUMMARY Straumur-Burdaras Investment Bank hf. (“Straumur”) holds over 96 per cent of all shares and votes in eQ Corporation (“eQ”). As a consequence of Straumur's holding exceeding nine tenths (9/10) of all the shares and votes in eQ, Straumur has the right, based on Chapter 18, Section 1 of the Companies Act, to redeem all other shares in eQ held by the remaining shareholders of eQ at fair value. Straumur has notified the Board of Directors of eQ of its redemption right and claim by letter dated 6 August, 2007. Information regarding the redemption right has been registered with the Finnish Trade Register on 10 August 2007. APPOINTMENT OF ARBITRAL TRIBUNAL AND COMMENCING REDEMPTION PROCEEDINGS In its application dated 8 August, 2007 Straumur has requested that the Redemption Committee of the Central Chamber of Commerce of Finland appoint an arbitral tribunal comprised of a sole arbitrator and commence arbitral proceedings in the matter relating to the redemption of minority shares. Based on The agreements entered into between Straumur and eQ's previous shareholders, Straumur acquired 62.05 per cent of all shares in eQ. Straumur has also acquired over 22 per cent of all shares in eQ in several phases in public trading. Additionally, based on the mandatory tender offer published on 8 June 2007, Straumur acquired 11.66 per cent of all shares in eQ. The price per share that Straumur has offered and paid in eQ's share has been EUR 7.60. Straumur asks the arbitral tribunal to be appointed to confirm that the price offered and paid under the public tender offer, EUR 7.60 per share constitutes the redemption price also under the Companies Act. eQ Corporation For additional information: Antti Mäkinen tel. +358 9 6817 8686 CEO mobile. +358 50 561 1501 eQ Corporation e-mail antti.makinen@eQ.fi Distribution: Helsinki Stock Exchange www.eQ.fi Main media