Sampo - Company Announcement

Mandatum Life will not prolong the agency agreement with Danske Bank

SAMPO PLC           STOCK EXCHANGE RELEASE         20 October 2016 at 2:00 pm



Mandatum Life will not prolong the agency agreement with Danske Bank

In connection with the acquisition of Sampo's banking operations by Danske Bank
A/S in early 2007, Sampo Bank plc (now Danske Bank Plc), and Sampo Life
Insurance Company Ltd (now Mandatum Life Insurance Company Ltd) signed an agency
agreement that guaranteed Sampo Life the exclusive right to sell life and
pension insurance products through Sampo Bank's branch network in Finland.

Mandatum Life has decided not to prolong the agency agreement as of 31 December
2016. In relation to the agency agreement Mandatum Life has the right to sell
the insurance portfolio sold through Danske Bank's branch network in Finland, to
Danske Bank. Mandatum Life will decide by the end of October 2016 whether it
will use this option.

In case Mandatum Life will use its option the valuation of the portfolio will be
conducted by a third party in accordance with the terms and conditions of the
bank transaction agreement referred to above. The valuation is estimated to take
until the summer of 2017 and the transfer of the portfolio is estimated to take
place during the fourth quarter of 2017. The transfer is subject to regulatory
approvals.

The portfolio consists of 151,000 policies and the technical reserves related to
the portfolio amounted to EUR 3,060 million at the end of 2015. The portfolio
accrued premiums of EUR 453 million in 2015 and contains almost exclusively unit
linked and loan insurance products. The amount of with profit technical reserves
is EUR 212 million.



SAMPO PLC
Investor Relations and Group Communications



Further information:

Jarmo Salonen
Head of Investor Relations and Group Communications
tel. +358 10 516 0030



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


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