Aktia Pankki Oyj - Company Announcement

Aktia Bank plc sells Aktia Life Insurance Ltd to Aktia plc

Not for release or distribution in the United States, Australia, Canada or Japan


Aktia Bank plc sells Aktia Life Insurance Ltd to Aktia plc

Aktia Bank plc sells its shares in Aktia Life Insurance Ltd to the Group's
parent company Aktia plc providing that right of ownership, right of possession
and all other administrative rights are transferred when the acquisition has
been cleared by the Financial Supervisory Authority. The transaction does not
influence business operations in the companies. 

The transaction is paid in cash. The price of the transaction corresponds to
the life insurance company's book net asset value EUR 45.5 million as of 28
February 2009, thus having no impact on the result of the Aktia Bank Group.
However, the capital adequacy ratio of Aktia Bank Group is improved marginally. 

The assets of Aktia Life Insurance Ltd as per 31 December 2008 amounted to EUR
846.6 million. 


AKTIA BANK PLC

For more information, please contact:
CFO Stefan Björkman, tel. +358 10 247 6595

From:
Malin Pettersson, Head of Communications, tel. +358 10 247 6369


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