Aktia Group's Exposure to Lehman Brothers



Aktia Savings Bank plc Stock Exchange Release 16.9.2008 at 3 p.m.

Lehman Brothers Holdings Inc. announced on Monday 15 September 2008,
that it would file for Chapter 11 protection. For this reason, Aktia
Savings Bank plc has decided to disclose information on its exposure
to Lehman Brothers.
Aktia Savings Bank has bond receivables at a nominal value of EUR 2.5
million from Lehman Brothers Holdings Inc., and their market value
stood at EUR 700,000 thousand on 16 September 2008. In addition to
this, Veritas Life Insurance has bond receivables at a nominal value
of EUR 2 million in its investment portfolio.
As part of its capital market operations, Aktia has concluded
derivative contracts to which Lehman Brothers Special Financing Inc.
within Lehman Brothers Holdings Inc. is the counterparty. The net
exposure related to these contracts is minor.
Aktia tries to convert all of the derivative contracts with Lehman
Brothers Special Financing Inc. into contracts concluded with other
counterparties. The resulting expenses are expected to be low.

AKTIA SAVINGS BANK PLC

For further information, please contact
Jukka Sarkanen, Director, Treasury and Group Financing, Tel. +358 10
247 6509

From:
Malin Pettersson, Head of Communications, Tel. +358 10 247 6369

Distribution:
OMX Helsinki, the media