Restructure Proposals

    SAMPO PLC  STOCK EXCHANGE RELEASE
           10 October 2005 at 15:30



SAMPO GROUP TO TRANSFER INVESTMENT SERVICES FIRMS TO SAMPO BANK,
OrganisatioN AND EXECUTIVE TITLES TO BE STREAMLINED

Sampo Group continues to streamline its legal structure. Sampo plc's
Board of Directors has decided to transfer the investment services
companies that are directly under its ownership to the ownership of
Sampo Bank plc.

The investment services companies to be transferred as subsidiaries
of Sampo Bank are Mandatum & Co Ltd, Sampo Fund Management Ltd, 3C
Asset Management Ltd, Mandatum Asset Management Ltd, Mandatum Private
Equity Funds Ltd, Mandatum Stockbrokers Ltd and Arvo Asset Management
Ltd. The intention is to execute these arrangements by 31 December
2005.

The arrangements, to be executed by an exchange of shares, will
change the legal structure of Sampo Group to correspond with the
current business operations. In addition to clarifying the structure,
the arrangements are also expected to strengthen Sampo Bank's credit
ratings, because the businesses to be transferred are growing faster
than other banking operations and yield steady fees and commission
income.

In connection with the arrangements, the composition of Sampo Bank's
Board of Directors and the titles of executives will be changed.
Bj�rn Wahlroos, Group CEO and President, will become Chairman of the
Board of Sampo Bank, while the Board members will be Patrick
Lapvetel�inen, Ilkka Hallavo, Mika Ihamuotila, Maarit N�kyv� and a
staff representative.

Mika Ihamuotila will be appointed as President of Sampo Bank. He has
already had the overall responsibility for all of Sampo's banking and
investment operations. Ilkka Hallavo and Maarit N�kyv� will be
appointed as Executive Vice Presidents of Sampo Bank, with Hallavo
being debuty to Ihamuotila. These appointments will not affect the
current job descriptions of the persons concerned. The appointments
will come into effect on 15 October 2005.

Sampo Group has already earlier been reporting its result in
accordance with the legal structure that will arise after these
arrangements, in which Sampo Group is divided into three businesses -
banking and investment services, P&C insurance and life insurance.


SAMPO PLC


Hannu Vuola
Head of Group Communications
Tel. +358 10 516 0040


DISTRIBUTION:
Helsinki Stock Exchange
The principal media
Financial Supervision Authority
www.sampo.com




- ---END OF MESSAGE---

Copyright � Hugin ASA 2005. All rights reserved.

Citi Fun 26 (LSE:AS60)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024