Sampo - Company Announcement

Cooperation procedure to begin in If P&C Insurance Company

SAMPO PLC           STOCK EXCHANGE RELEASE         7 October 2015 at 8:45 am



Cooperation procedure to begin in If P&C Insurance Company

If P&C Insurance Company Ltd (Finland), a company belonging to Sampo Group, will
begin cooperation procedure on 12 October 2015 involving approximately 212 staff
members at Commercial and Private business areas as well as internal audit of If
P&C Insurance Company. Preliminary estimate for the staff decrease is a maximum
of 89 people. The aim is to avoid dismissals.

The cooperation procedure will begin because of the need for centralizing
operations due to the growing demand for internet and telephone services for
customers as well as to the increased use of automation.

The number of employees in If P&C Insurance Company was approximately 1,730 on
30 June 2015. The Nordic If P&C Insurance Group employed a total of 6,190 people
at the end of June.



SAMPO PLC

Maria Silander
Communications Manager
tel. +358 10 516 0031



For further information, please contact:

Timo Vuorinen
Managing Director
If P&C Insurance Company Ltd (Finland)
tel. +358 10 514 3887



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


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