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Board of Directors

In the preparation of a proposal to the Annual General Meeting on the remuneration of the members of the Board, the Nomination and Compensation Committee of the Board of Directors takes into consideration the remuneration development in relevant markets and peer companies in addition to the Sampo Group Remuneration Principles.

In accordance with the decision of the Annual General Meeting in 2017, the members of the Board will be paid the following fees until the close of the next Annual General Meeting in 2018: the Chairman of the Board will be paid an annual fee of EUR 175,000, the Vice Chairperson of the Board and the Chairperson of the Audit Committee will be paid EUR 115,000, the members of the Audit Committee will be paid EUR 96,000 and the other members of the Board will be paid EUR 90,000 each. Potential statutory social and pension costs incurring to the Board members having permanent residence outside Finland will according to applicable national legislation be borne by Sampo. In addition, actual travel and accommodation costs incurring to a Board member will be reimbursed.

A Board member shall in accordance with the resolution of the Annual General Meeting in 2017 acquire Sampo A shares at the price paid in public trading for 50 per cent of his/her annual fee after deduction of taxes, payments and potential statutory social and pension costs. Sampo will pay any possible transfer tax related to the acquisition of the shares. A Board member shall be obliged to retain the Sampo A shares under his/her ownership for two years from the purchasing date. The disposal restriction on the Sampo shares shall, however, be removed earlier in case the director's Board membership ends prior to release of the restricted shares i.e. the shares will be released simultaneously when the term of the Board membership ends.

The members of the Board of Directors are not in an employment or service relationship with Sampo or any other Group company and are not covered by any employment-related remuneration systems. The members of the Board do not participate in Sampo's incentive schemes.

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Updated 04/27/2017