SAMPO PLC STOCK EXCHANGE RELEASE 11 February 2008 at 10.50 am
DISCLOSURE UNDER CHAPTER 2 SECTION 9 OF THE SECURITIES MARKET ACT
Sampo plc (business code 01422113-3) has today received the following disclosure
in accordance with Chapter 2 Section 9 of the Securities Market Act regarding
Sampo plc's shares. According to the disclosure Exista Trading ehf. has extended
the agreement of 9 August 2007 regarding 100,000 A shares in Sampo plc until 11
August 2008. The agreement, if consummated through delivery of the shares, will
result in Exista hf. and companies controlled by Exista hf. holding shares in
Sampo plc in excess of the flagging threshold of 20 per cent of the number of
shares as set forth in Chapter 2, Section 9 of the Securities Markets Act.
According to the disclosure Exista hf. and its group companies hold 19.98 per
cent of the total number of shares and 19.82 per cent of the voting rights in
the Sampo plc.
SAMPO PLC
Jarmo Salonen
Head of Investor Relations and Group Communication
tel. +358 10 516 0030
Distribution:
Helsinki Stock Exchange
The principal media
Financial Supervision
Insurance Supervisory Authority
www.sampo.com
DISCLOSURE
Finnish Financial Supervision Authority
Snellmaninkatu 6
P.O. Box 159
FI-00101 Helsinki
Finland
Fax: + 358 10 831 5230
Sampo Plc.
Fabianinkatu 27
FI-00100 Helsinki
Finland
Fax: + 358 10 516 0016
11 February 2008
A FLAGGING NOTIFICATION AS REFERRED TO IN CHAPTER 2, SECTION 9
As notified on 9 August 2007, the holdings of Exista hf. (“Exista”) and its
group companies represent 19.98 percent of the total number of shares and 19.82
percent of the voting rights in Sampo Plc. Exista holds the shares of Sampo
Plc. through subsidiaries as declared in the notification.
In its flagging notification of 9 August 2007, Exista referred to an equity swap
agreement which, if consummated through delivery of the shares, will result in
Exista and its group companies holding more than 20 percent of the shares in
Sampo Plc. According to the notification, the agreement period of the equity
swap expired on 9 February 2008.
The equity swap agreement has not been consummated but the agreement period has
been extended so that the new expiry date is 11 August 2008. This means that the
holdings of Exista's group in Sampo Plc remain unchanged.
If the equity swap agreement is consummated in full through delivery of the
shares, the total holdings of Exista's group in Sampo Plc. will consequently be
as follows:
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| Share class | No. of shares | % of all shares | % of all voting |
| | | | rights |
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| A-shares | 115,707,867 | 20.00% | 19.84% |
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| B-shares | - | - | - |
--------------------------------------------------------------------------------
| Total | 115,707,867 | 20.00% | 19.84% |
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(The share capital of Sampo Plc. comprises a total of 578,530,890 shares
(577,330,890 class A shares and 1,200,000 class B shares), said shares entitling
to a total of 583,330,890 votes.)
The terms of the equity swap agreement remain unchanged. The agreement requires
Exista Trading ehf. to either acquire 100,000 A shares in Sampo Plc., or,
alternatively and upon choice by Exista Trading ehf. to receive or make a cash
payment representing the increase or reduction in value of the shares. These
shares represent at present 0.017 percent of Sampo Plc.'s total shares and 0.017
percent of the total voting rights carried by the shares in Sampo Plc. The
agreement period of the equity swap expires on 11 August 2008, but Exista
Trading ehf. also has the right to consummate the agreement during the agreement
period prior to the expiry.
The consummation of the equity swap agreement through delivery of the shares to
Exista Trading ehf. and use of voting rights relating to the shares by Exista
group companies is conditional, e.g., upon approval of the Finnish Insurance
Supervision Authority and other authorities relevant for the arrangement.
___________________________
Pekka Jaatinen, Attorney-at-Law
For and on behalf of Exista hf.