HISTORY

Norvestia is an investment company founded in August 16, 1984. Norvestia's B share has been listed on the Helsinki stock exchange since 1985. Norvestia was founded on the former SYP-Invest Oy. Major changes occurred in the ownership structure of SYP-Invest in June 11, 1996 when the Merita Group (nowadays Nordea Bank Finland) considerably decreased its ownership in the company and TT Tieto sold all its shares. Stockbox Holdings AB became the new principal owner through its wholly-owned subsidiary Strongbox AB. At this point, Stockbox Holdings possessed 17.0% of shares and 45.1% of votes. At the same time the life insurance company Nova (nowadays Mandatum Life Insurance Company Ltd) also increased its ownership in Norvestia.

The name Norvestia was registered August 1, 1996. At this point the new focus of investment activities was directed at small and medium-size Nordic companies. Today the main focus of Norvestia's investment activities is on Nordic shares and funds. In 1996 when the company changed its name to Norvestia, its net asset value stood at 79.0 million euros. This corresponds to 15.03 euros per share when the number of shares was 5,105,520. For comparison, December 31, 2009 the company's net asset value stood at 149.1 million euros, which corresponds to 9.73 euros per share when the number of shares was 15,316,560.

Norvestia was a part of the Swedish Havsfrun Group until September 2003. Today Norvestia's majority shareholder is the Icelandic Kaupthing hf. Norvestia Group comprises the subsidiaries Norvestia Industries Oy and Norventures Oy. On November 11, 2005 Norvestia sold its share of the investment company Neomarkka plc to Reka Oy.