Proposal of Sampo´s Board of Directors to the Annual General Meeting on long-term incentive scheme

The scheme is intended to secure continuity of incentives, with consideration to the earlier schemes, their expiration and the current long-term incentives for such persons. The share-based incentive scheme covers the years 2006 – 2010 with the first possible instalment being paid in December 2008.

Within the share-based incentive scheme, the maximum number of Sampo’s A shares distributable as a reward is 1,500,000. The scheme includes a limitation of maximum value according to which the amount of the reward payable will be cut in a manner provided in the terms and conditions in the event that the share price of Sampo increases by more than 160 per cent during a specific Performance Period.

Of the amount of the reward eventually payable, 50 per cent is based on the share price development of the Sampo A share and 50 per cent on the development of insurance margin and/or the Sampo Bank Group’s return on equity (ROE) at fair value. The shares to be distributed as a reward are partly subject to a two-year lock-up. However, the Board of Directors of Sampo has the right to decide to pay the reward partly or wholly in cash instead of shares.

The terms and conditions of the scheme are attached to this release.


SAMPO PLC
Board of Directors

For more information

Hannu Vuola
Head of communication
Tel. +358 10 516 0040

Jarmo Salonen
Head of Investor relations
Tel. +358 10 516 0030


DISTRIBUTION:
Helsinki Stock Exchange
The principal news media
Financial Supervision
www.sampo.com

ATTACHMENT: Proposal by the Board of Directors of Sampo plc for a long-term share-based incentive scheme "Sampo 2006" for the key management personnel of the Sampo Group

APPENDIX TO THE BOARD PROPOSAL: BELONGING TO ATTACHMENT: Terms and conditions of the long-term incentive scheme "Sampo 2006" for the key management personnel of the Sampo Group

Appendix 1: Performance Conditions related to the share-based incentive scheme