Aktia - Tender offer

Aktia Bank plc: Aktia has bought Kaupthing's asset management operations in Finland

Aktia Bank plc Stock Exchange Release 1 Dec 2008 at 3 p.m.

Aktia Bank plc and the Finnish branch of Kaupthing Bank hf. signed on
31 October 2008 a letter of intent regarding sale of Kaupthing's
asset management business in Finland to Aktia. The matter has now
been cleared and the discussions with public authorities have
proceeded according to plan leading up to the sale of the asset
management business."The acquisition of Kaupthing's asset management business is an
extraordinary complement to Aktia's asset management services. The
unit now acquired has a good reputation among institutional clients
using asset management services in Finland, and its know-how is very
competitive. Our aim is to give the unit a special and independent
status within the Aktia Group, thus preserving the strengths
accumulated in the unit over the years. I trust this acquisition will
give us interesting opportunities in the future, when the markets
start to recover," says CEO Jussi Laitinen of Aktia Bank.

The parties have agreed not to disclose the purchase price.


AKTIA BANK PLC


For further information, please contact:

Jussi Laitinen, CEO, tel. +358 10 247 6210
Robert Sergelius, Deputy CEO, tel. +358 10 247 6350
Ari Korhonen, Director, tel. +358 40 820 4189


Issued by:
Outi Fagerlund, Information Officer, tel. +358 10 247 6294


Distribution:
OMX Helsinki Stock Exchange
The media