Statement re Vat Refund


On 31 December 2004, Sampo received a decision from Finland's Tax Office for Major Corporations (KOVE) according to which Sampo Group was ordered to pay over EUR 33 million in VAT for the years 2001-2003.
 
Sampo earlier received two decisions on the same matter from KOVE which drew opposite conclusions and have already gained legal force. Sampo considers the new decision not only to be without merit, but also contrary to law. Sampo will appeal the decision. The decision will have no impact on Sampo's result for 2004.
 
SAMPO PLC
 
Jarmo Salonen
Head of Investor Relations
 
 
Distribution:
Helsinki Stock Exchange
The principal media
Financial Supervision