Proposed Placing of Shares in Sampo


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN 

Proposed Placing of Ordinary Shares 
The Board of Directors of Exista hf. decided in its meeting yesterday to engage
Citigroup Global Markets Limited (“Citi”) and Morgan Stanley & Co.
International plc (“Morgan Stanley” and together with Citi, the “Managers”) to
conduct an accelerated bookbuilt offering of 114,257,867 shares (the “Placing
Shares”) in Sampo Oyj. (the “Company”), representing an aggregate of 19.98% of
the share capital of the Company (the “Placing”). 

Citi and Morgan Stanley are acting as joint global coordinators and joint
bookrunners in the Placing. 

The books for the Placing Shares will open with immediate effect.  Pricing and
allocations are expected to be announced as soon as practicable following the
closing of the books.  The timing of closing of the books will be at the
absolute discretion of the Managers. 

Lydur Gudmundsson, Executive Chairman of Exista hf. comments:
“In light of prolonged deterioration in global financial markets, it is prudent
to scale down exposure and reduce leverage. Therefore we have decided to offer
our holding in Sampo for sale in a bookbuilding process in order to
significantly decrease Exista's outstanding liabilities. There are no plans to
sell other assets.” 

Dated 7 October 2008 



Enquiries:
Exista (Media Enquiries)
Sigurdur Nordal  +354 550 8620
Paul Marriott  +44 20 7269 7252

Citigroup Global Markets Limited
Stephen Morris	+44 20 7986 0740

Morgan Stanley & Co. International plc
Henrik Gobel	+44 20 7425 9069
Alex Abagian	+44 20 7425 9059

MEMBERS OF THE GENERAL PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. 
THIS ANNOUNCEMENT AND ANY OFFER OF SECURITIES TO WHICH IT RELATES ARE ONLY
ADDRESSED TO AND DIRECTED AT PERSONS WHO ARE (1) QUALIFIED INVESTORS WITHIN THE
MEANING OF DIRECTIVE 2003/71/EC AND ANY RELEVANT IMPLEMENTING MEASURES (THE
“PROSPECTUS DIRECTIVE”) AND (2) WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS
RELATING TO INVESTMENTS WHO FALL WITHIN ARTICLE 19(1) OF THE FINANCIAL SERVICES
AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE “ORDER”) OR ARE
PERSONS FALLING WITHIN ARTICLE 49(2)(A) TO (D)  (“HIGH NET WORTH COMPANIES,
UNINCORPORATED ASSOCIATIONS, ETC”) OF THE ORDER OR ARE PERSONS TO WHOM AN OFFER
OF THE PLACING SHARES MAY OTHERWISE LAWFULLY BE MADE (ALL SUCH PERSONS TOGETHER
BEING REFERRED TO AS “RELEVANT PERSONS”).  THE INFORMATION REGARDING THE
PLACING SET OUT IN THIS ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED ON BY
PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO
WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL
BE ENGAGED IN ONLY WITH RELEVANT PERSONS. 
THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES
AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA).
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE INTO THE UNITED
STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE
REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
OFFERED OR SOLD IN THE UNITED STATES, EXCEPT PURSUANT TO AN APPLICABLE
EXEMPTION FROM REGISTRATION. NO PUBLIC OFFERING OF SECURITIES IS BEING MADE IN
THE UNITED STATES. 
ANY INVESTMENT DECISION TO BUY SECURITIES IN THE PLACING MUST BE MADE SOLELY ON
THE BASIS OF PUBLICLY AVAILABLE INFORMATION WHICH HAS NOT BEEN INDEPENDENTLY
VERIFIED BY THE MANAGERS OR THE SELLERS.  NEITHER THIS ANNOUNCEMENT NOR ANY
COPY OF IT MAY BE TAKEN, TRANSMITTED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY IN
OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. ANY FAILURE TO COMPLY
WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES, CANADIAN,
AUSTRALIAN OR JAPANESE SECURITIES LAWS. 
THE DISTRIBUTION OF THIS ANNOUNCEMENT AND THE OFFERING OR SALE OF THE PLACING
SHARES IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW.   NO ACTION HAS BEEN
TAKEN BY THE MANAGERS, OR ANY OF ITS AFFILIATES, OR ANY OTHER PERSON THAT WOULD
PERMIT AN OFFER OF THE PLACING SHARES OR POSSESSION OR DISTRIBUTION OF THIS
ANNOUNCEMENT OR ANY OTHER OFFERING OR PUBLICITY MATERIAL RELATING TO THE
PLACING SHARES IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. 
PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED BY THE
MANAGERS TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS. 
THE MANAGERS WILL ACT EXCLUSIVELY FOR THE SELLERS AND NO ONE ELSE IN CONNECTION
WITH THE PLACING.  IT WILL NOT REGARD ANY OTHER PERSON (WHETHER OR NOT A
RECIPIENT OF THIS DOCUMENT) AS ITS CLIENT IN RELATION TO THE PLACING AND WILL
NOT BE RESPONSIBLE TO ANYONE OTHER THAN THE SELLERS FOR PROVIDING THE
PROTECTIONS AFFORDED TO ITS CLIENTS NOR FOR GIVING ADVICE IN RELATION TO THE
PLACING OR ANY TRANSACTION, ARRANGEMENT OR OTHER MATTER REFERRED TO IN THIS
ANNOUNCEMENT. 
Citigroup Global Markets Limited is authorised and regulated by the Financial
Services Authority. Its registered address is at Citigroup Centre, Canada
Square, Canary Wharf, London E14 5LB. 
Morgan Stanley & Co. International plc is authorised and regulated by the
Financial Services Authority. Its registered address is at 25 Cabot Square,
London E14 4QA