ICECAPITAl acted as financial advisor to Suomen Voima

ICECAPITAl acted as financial advisor to Suomen Voima, the parent company of SV Vesivoima Oy, in connection with the acquisition of NK Energy Real 1 AS, a Norwegian company owning and operating small scale hydropower plants as well as possessing related waterfall rights

ICECAPITAL acted as financial advisor in the transaction

ICECAPITAL acted as financial advisor in the transaction where Anvia Oyj, Etera Mutual Pension Insurance Company, Katternö Group and a group of Finnet Group’s telecommunications companies acquired 18.5% of Anvia Oyj:s shares from Dna Oyj and Lännen Teletieto Oy.

ICECAPITAL acted as financial advisor to Metso Oyj

ICECAPITAL acted as financial advisor to Metso Oyj in the creation of a joint venture between Metso and Wärtsilä Oyj. The joint venture called MW Power provides medium- and small scale power and heating plants, focusing on renewable energy. The transaction will be closed in January 2009.