Aktia Pankki Oyj - Company Announcement

Aktia Bank to decrease holdings of Folksam Non-Life Insurance Ltd

Aktia Bank plc
Stock Exchange Release
26 February 2015 at 1 p.m.



Aktia Bank plc (Aktia Bank) has today entered into an agreement to divest
further 24% of its holdings in Folksam Non-Life Insurance Ltd (previously Aktia
Non-Life Insurance Ltd) to Folksam General. Following the divestment, Aktia
Bank's ownership in Folksam Non-Life Insurance decreases to 10%, whereas
Folksam General increases its ownership to 75%. The holdings of Pension
Insurance Company Veritas are unchanged at 15%. 

Aktia and Folksam started cooperation in 2012 when Folksam General became the
majority shareholder (51%) of Aktia Non-Life Insurance Ltd along with Aktia plc
(34%) and Pension Insurance Company Veritas (15%). Folksam will now make use of
the original option to buy another 24% of shares in Aktia Non-Life Insurance
Ltd from Aktia within a period of 3 years. 

Aktia Bank will continue to focus on customer relations, and the production of
competitive non-life and pension insurance products is managed by Aktia Bank's
cooperation partners Folksam and Veritas. Aktia Bank will continue as the most
important distributing channel for Folksam Non-Life Insurance, and the
cooperation agreement was prolonged by further five years simultaneously with
the transaction. New and stricter regulations concerning capital adequacy are a
further incentive for Aktia Bank to decrease its holdings in the non-life
insurance company, thus avoiding future burden from the holdings on the bank's
capital adequacy. 

The transaction frees capital amounting to EUR 14.1 million for Aktia Bank,
corresponding the transaction price of the shares. The estimated total effect
of the transaction on the Bank Group's equity is negative, amounting to EUR
-2.7 million, of which approximately EUR -0.4 milion will burden the operating
profit for the first quarter of 2015. The transaction will have a minor
positive effect on the Bank Group's capital adequacy as per 31 March 2015. The
ownership of shares is transferred on 3 March 2015 when the transaction price
is paid for the shares. 





AKTIA BANK PLC

For more information, please contact:
Carl Pettersson, Development Director, tel. +358 10 247 6250

From:
Anders Wikström, Information Officer, tel. +358 10 247 6294



Distribution:
Nasdaq OMX Helsinki Ltd
Central media
www.aktia.com

Aktia provides a broad range of products within banking, insurance and real
estate agency. Aktia operates mainly in coastal areas and inland growth areas.
Aktia has about 300,000 customers who are served by nearly 900 employees at 52
branch offices and via Internet and telephone services. Aktia's shares are
listed on the list of Nasdaq OMX Helsinki Ltd. For more information about Aktia
see www.aktia.com