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If to be entirely owned by Sampo

Pressmeddelande   •   Okt 05, 2004 15:26 CEST

By a transaction concluded today Sampo plc has acquired Varma Mutual
Pension Insurance Company's 10.06 per cent shareholding in If
Skadeförsäkring Holding AB (publ). Following the transaction, Sampo will
own If's entire stock. Sampo plc's objective is 100% ownership in all
its main subsidiaries.

The price to be paid for the shares is EUR 269.8 million. To finance the
transaction, Sampo plc is taking a EUR 200 million international bank
loan. The loan will be repaid by June 2006.


Jarmo Salonen
Head of Investor Relations
tel. +358 10 516 0030 or mobile +358 50 424 0030

Additional information:
Head of Investor Relations Jarmo Salonen, tel. +358 10 516 0030
Head of Group Communications Hannu Vuola, tel. +358 10 516 0040

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