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Sampo-Leonia´s holding in Mandatum exceeds 90%

Sampo-Leonia will make a redemption offer for the shares that were not exchanged during the validity of the Exchange Offer. The redemption offer made on the basis of the Finnish Securities Market Act is estimated to start on February 27, 2001. The redemption offer will not give Mandatum's shareholders the opportunity to exchange Mandatum shares for Sampo-Leonia shares. The other terms of the redemption offer and the price to be paid for the Mandatum shares will be published approximately on February 22, 2001.

After the end of the redemption offer referred to in the Securities Market Act, Sampo-Leonia will make a redemption claim for the unredeemed shares as in accordance with the Finnish Companies Act.


Pertti Nurvala
Head of Group Communication

Ms Taru Narvanmaa, Head of Investor Relations, tel. +358 10 514 0030, mobile +358 50 590 9398

Helsinki Exchanges
The principal media