Arrangement between Aktia and Alexander Corporate Finance is finalized

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Aktia Bank Plc
Press release
February 2, 2022 at 2 p.m.

Arrangement between Aktia and Alexander Corporate Finance is finalized

Aktia Bank Plc and investment bank Alexander Corporate Finance Oy (“ACF”) announced on November 30, 2021 an agreement that will see Aktia own 20% of ACF shares. The condition precedent to the Arrangement was the approval of the Finnish Financial Supervisory Authority which has now been received, and both parties have agreed to enter into the Arrangement on February 2, 2022.

With this agreement, the new name of Alexander Corporate Finance will be Aktia Alexander Corporate Finance Oy.

Additional information:

Jaakko Niemelä, CEO, Alexander Corporate Finance
Phone. +358 50 549 5501

Anssi Huhta, Executive Vice President, Chief Banking Officer, Aktia
Phone. +358 50 342 3125

Aktia is a Finnish asset manager, bank and life insurance company that has been creating wealth and well-being from generation to generation for 200 years. We serve our customers across digital channels and face-to-face from our offices in Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management company sells investment funds internationally. We employ around 900 people in Finland. Aktia’s assets under management (AuM) as of June 30, 2021 amounted to €15.6 billion and the balance sheet total to €11.2 billion. Aktia shares are listed on Nasdaq Helsinki Ltd (AKTIA).

Alexander Corporate Finance was founded in 1988. ACF is one of the leading investment banks in Finland and achieved a TOP3 position as a lead manager in initial public offerings on Nasdaq Helsinki. ACF is also the market leader in certified advisory services offered to Nasdaq First North Finland companies. In addition, ACF offers advisory services in capital markets operations for small and medium-sized enterprises, acquisitions and valuations. ACF employs ten people and has an office in Helsinki.

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