Mandatum’s shareholders are offered the right to exchange their Mandatum shares for new Sampo-Leonia A shares. The Exchange Offer excludes the Mandatum shares held by Sampo-Leonia and its subsidiaries, which constitute about 9.5 per cent of the Mandatum shares.
Shareholders of Mandatum will receive one (1) Sampo-Leonia A share for each five and a half (5 ½) Mandatum share. Should all Mandatum shareholders accept the Exchange Offer, Sampo-Leonia will issue a total of 7,200,000 Sampo-Leonia A shares at the most, which correspond to approximately 6.47 per cent of all Sampo-Leonia shares and approximately 6.42 per cent of the related votes after the exchange of shares. The new shares will entitle to full dividend for the financial year ending on December 31, 2000. The Exchange Offer period will start on February 1, 2001 at 9.30 a.m. and end on February 16, 2001 at 4.30 p.m. The exchange of shares will be carried out in the offices of Leonia Bank Plc and Mandatum Bank Plc in Finland. In addition, Mandatum shareholders who have a valid service agreement with the telephone banks of Leonia or Mandatum can accept the Exchange Offer in their telephone bank.
The particulars of the Exchange Offer approved by the General Meeting of Shareholders were published in the Exchange Offer Document on January 11, 2001, which is available for instance on the Internet at www.sampo-leonia.fi and www. mandatum.fi.
The terms of the approved increase of share capital were enclosed to the stock exchange bulletin of December 19, 2000.
SAMPO-LEONIA INSURANCE COMPANY PLC
Vice President, Information
FOR FURTHER INFORMATION, PLEASE CONTACT TO:
Taru Narvanmaa, Vice President, Investor Relations,
mobile + 358 50 5909398
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