Sampo Commences Financing Arrangements For IF Transaction


STOCKHOLM, Sweden, March 22, 2004 (PRIMEZONE) -- The Board of Directors of Sampo plc has today decided to launch on the international capital markets a EUR 600 million callable subordinated notes, eligible for inclusion in the capital adequacy calculation. Sampo seeks listing of the above notes for public trading in the London Stock Exchange.

With these arrangements Sampo will to fund the If transaction announced on 11 February 2004 and strengthen the company's capital structure. Marketing of the loan will commence today. The presentation material used in investor meetings is available at www.sampo.fi/ir.

SAMPO PLC

Hannu Vuola

Head of Group Communications Tel. +358 10 516 0040 or mobile +358 50 424 0040

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

DISTRIBUTION: Helsinki Exchanges The principal news media www.sampo.com

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The following files are available for download:

http://www.waymaker.net/bitonline/2004/03/22/20040322BIT00100/wkr0001.doc

http://www.waymaker.net/bitonline/2004/03/22/20040322BIT00100/wkr0002.pdf



            

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