Disposal

SAMPO PLC                         STOCK EXCHANGE RELEASE

22 June 2005 at 13:55

 

 

 

SAMPO SELLS ITS BUSINESSES IN POLAND

 

Sampo plc has today entered into a binding agreement to sell its subsidiaries in Poland - pension company Sampo PTE S.A. and life insurance company Sampo T.U. Zycie S.A. - to Nordea Life Holding A/S. The consideration is EUR 95 million, of which Sampo will book EUR 25 million as profit on disposal. Sampo wrote off the majority of the goodwill in the two companies in 2002, and this has influenced the level of profit on disposal.

 

The transaction is conditional on the receipt of the necessary official permits. Sampo has been advised by HSBC in matters relating to the disposal.

 

 

SAMPO PLC

 

Hannu Vuola

Head of Group Communications

Tel. +358 10 516 0040

 

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Hannu Vuola, Head of Group Communications,

tel. +358 10 516 0040 or +358 50 424 0040

Peter Johansson, CFO, tel. +358 10 516 0010

 

 

DISTRIBUTION:

Helsinki Stock Exchange

The principal media

Financial Supervision

www.sampo.com