NORVESTIA'S NET ASSET VALUE ROSE BY 0,7% IN JANUARY 2009
Change in NAV, 1 month		0,7%	(dividend-adjusted)
Change in NAV, 12 months		-10,9%	(dividend-adjusted)
		31.1.2009	31.12.2008	31.12.2007
Net asset value/share, €		8,83	8,77	10,74
		MEUR	MEUR	MEUR
ASSETS
NON-CURRENT ASSETS
	Tangible assets	0,0	0,0	0,0
	Deferred tax asset	9,0	9,0	-
	Investments in associated companies	3,5	3,5	1,1
CURRENT ASSETS
	Shares held for trading	42,6	48,8	71,5
	Other financial assets at fair value	31,3	30,9	39,8
	Other investments	1,7	1,7	1,8
	Cash and receivables	50,8	43,5	59,1
ASSETS IN TOTAL		138,9	137,4	173,3
Current liabilities		-0,8	-0,5	-3,5
Deferred tax liability		-2,8	-2,6	-5,3
NET ASSET VALUE		135,3	134,3	164,5
Number of shares 15,316,560
PRINCIPLES OF CALCULATION
Publicly listed shares, investment funds and derivatives have been measured at
closing price. In case the closing price has been unavailable, the purchase quotation
has been used. Unlisted shares have been measured at fair value using various
valuation methods.