Sampo - Other information disclosed according to the rules of the Exchange

The valuation of Mandatum Life's portfolio to be sold to Danske Bank finalized

SAMPO PLC            STOCK EXCHANGE RELEASE         19 June 2017 at 4:45 pm



The valuation of Mandatum Life's portfolio to be sold to Danske Bank finalized

Mandatum Life Insurance Co. Ltd. disclosed on 27 October 2016 that it will
exercise its option to sell the insurance portfolio, sold through Danske Bank's
branch network in Finland, to Danske Bank or its nominee. The valuation process,
by which the value of the portfolio was to be determined, is now finalized by
the external valuators.

As a result of the valuation process the value of the insurance portfolio as at
the 31 December 2016 is EUR 334 million. Mandatum Life and Danske Bank have
agreed that the theoretical result from the beginning of 2017 until the date of
the transfer as determined in the valuation process will be deducted from the
final sales price. This theoretical result for year 2017 is determined to be EUR
18.1 million and for year 2018 EUR 18.6 million. Mandatum Life and Danske Bank
have agreed that the actual result produced by the portfolio until the transfer
remains with Mandatum Life. The Transitional Agency Agreement between Mandatum
Life and Danske Bank will continue until closing.

After the transfer has been completed the transaction is expected to have a
negative impact of EUR 20 - 25 million on Mandatum Life's annual profit before
taxes. The transfer of the portfolio is expected to take place during 2018.

For Mandatum Life sales gain from the transaction equals the value of the
insurance portfolio adjusted with items explained in the previous chapter. The
sales gain is taxable under the Finnish tax law. In Sampo Group's consolidated
accounts a goodwill of approximately EUR 75 million will be deducted from the
sales gain. The transaction will have a positive impact on Mandatum Life's
solvency position.

The sale of the portfolio is related to Mandatum Life's decision of not
prolonging its agency agreement with Danske Bank as of 31 December 2016. In
relation to the agency agreement Mandatum Life had the right to sell the
insurance portfolio, sold through Danske Bank's branch network in Finland, to
Danske Bank.



SAMPO PLC

Maria Silander
Communications Manager
tel. +358 10 516 0031

Further information:

Petri Niemisvirta
Managing Director, Mandatum Life
tel. +358 10 516 7200

Jukka Kurki
CFO, Mandatum Life
tel. +358 50 424 6630



Distribution:
Nasdaq Helsinki
London Stock Exchange
The principal media
Financial Supervisory Authority
www.sampo.com


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