Disclosure Under Chapter 2 Section 9
SAMPO PLC STOCK EXCHANGE RELEASE 10.8.2007
DISCLOSURE UNDER CHAPTER 2 SECTION 9 OF THE SECURITIES MARKET ACT
Sampo plc (business code 01422113-3) has received the following disclosure in
accordance with Chapter 2 Section 9 of the Securities Market Act regarding Sampo
plc's shares. According to the disclosure Exista Trading ehf. has entered into
an agreement regarding 100,000 A shares in Sampo Plc, which if consummated
through delivery of the shares, will result in Exista hf. and companies
controlled by Exista hf. holding shares in Sampo Plc. in excess of the flagging
threshold of 20 percent of the number of shares as set forth in Chapter 2,
section 9 of the Securities Markets Act.
According to the disclosure, as a result of the consummation of the equity swap
transactions and forward agreements referred to in Exista hf.'s flagging
notification dated 25 July 2007, the holdings of Exista hf. and its group
companies now represent 19.98 percent of the total number of shares and 19.82
percent of the voting rights in the Sampo Plc.
The consummation of the equity swap agreement concluded on 9 August 2007 through
delivery of the shares to Exista Trading ehf. and use of voting rights relating
to the shares by Exista group companies is conditional, e.g., upon approval of
the Finnish Insurance Supervision Authority and other authorities relevant for
the arrangement.
SAMPO PLC
Jarmo Salonen
Head of Investor Relations and Group Communication
tel. +358 10 516 0030
Distribution:
Helsinki Stock Exchange
The principal media
Financial Supervision
www.sampo.com
DISCLOSURE
Finnish Financial Supervision Authority 9 August 2007
Snellmaninkatu 6
P.O. Box 159
FI-00101 Helsinki
Finland
Fax: + 358 10 831 5230
Sampo Plc.
Fabianinkatu 27
FI-00100 Helsinki
Finland
Fax: + 358 10 516 0016
A FLAGGING NOTIFICATION REFERRED TO IN CHAPTER 2, SECTION 9, OF THE SECURITIES
MARKETS ACT ON AN AGREEMENT WHICH, WHEN IMPLEMENTED, WILL RESULT IN A CHANGE IN
HOLDINGS
As a result of the consummation of the equity swap transactions and forward
agreements referred to in Exista hf.'s flagging notification dated 25 July 2007,
the holdings of Exista hf. and its group companies now represent 19.98 percent
of the total number of shares and 19.82 percent of the voting rights in the
Sampo Plc.
Exista Trading ehf., a subsidary of Exista hf., has today entered into an equity
swap agreement which, if consummated through delivery of the shares, will result
in Exista hf. and its group companies holding more than 20 per cent of the
shares in the Sampo Plc.
Under Chapter 2, section 9 of the Securities Markets Act, we herby notify the
Financial Supervision Authority and Sampo Plc. of the following:
1. Name of the company in which holdings have been acquired
Sampo Plc. (Sampo Oyj)
2. Reason for the notification
This notification is made because Exista Trading ehf. has entered into an
agreement regarding 100,000 A shares in Sampo Plc,. which if consummated through
delivery of the shares, will result in Exista hf. and companies controlled by
Exista hf. holding shares in Sampo Plc. in excess of the flagging threshold of
20 percent of the number of shares as set forth in Chapter 2, section 9 of the
Securities Markets Act.
3. Date of the equity swap agreement
9 August 2007
4. Exact proportion of voting rights and shares in Sampo Plc., broken down by
the share class
If the equity swap agreement is consummated in full through delivery of the
shares, the total holdings of Exista hf.'s group in Sampo Plc. will consequently
be as follows:
--------------------------------------------------------------------------------
| Share class | No. of shares | % of all shares | % of all voting |
| | | | rights |
--------------------------------------------------------------------------------
| A-shares | 115,707,867 | 20.00% | 19.84% |
--------------------------------------------------------------------------------
| B-shares | - | - | - |
--------------------------------------------------------------------------------
| Total | 115,707,867 | 20.00% | 19.84% |
--------------------------------------------------------------------------------
(The share capital of Sampo Plc. comprises a total of 578,530,890 shares
(577,330,890 class A shares and 1,200,000 class B shares), said shares entitling
to a total of 583,330,890 votes.)
5. Shareholder's full name and trade register number
Full name: Exista hf.
Exista hf. is registered with the Register of Enterprises of Iceland under the
registration number 610601-2350.
Exista hf.'s address is Ãrmúla 3, 108 Reykjavik, Iceland.
6. Full names and trade register numbers of the subsidiaries through which the
shares are held as well as grounds for including such shares in the holdings of
the shareholder
Exista hf. holds the shares in Sampo Plc. through its subsidiaries. These
subsidiaries are controlled by Exista hf. within the meaning of Chapter 1,
section 5 of the Securities Markets Act. Therefore, the holdings of these
subsidiaries shall be included in the holdings of Exista hf.
The full names and trade register numbers of the subsidiaries are as follows:
--------------------------------------------------------------------------------
| Name | Trade register number |
--------------------------------------------------------------------------------
| Exista Trading ehf. (formerly Exista | 640205-1990, Register of Enterprises |
| fjárfestingar ehf.) | of Iceland |
--------------------------------------------------------------------------------
| Vátryggingafélag Ãslands hf. | 690689-2009, Register of Enterprises |
| | of Iceland |
--------------------------------------------------------------------------------
| Exafin B.V. | 34229055, Trade register maintained |
| | by the Chambers of Commerce for |
| | Amsterdam |
--------------------------------------------------------------------------------
7. Allocation of holdings between Exista hf. and the subsidiaries
If Exista Trading ehf. decides to consummate the equity swap agreement relating
to 100,000 A shares in Sampo Plc. in full so that the consummation results in
the acquisition of the shares, the holdings of Exista hf.'s group companies in
Sampo Plc. will be as follows:
--------------------------------------------------------------------------------
| | Share class | No. of | % of all | % of all |
| | | shares | shares | voting |
| | | | | rights |
--------------------------------------------------------------------------------
| Exafin B.V. | | | | |
--------------------------------------------------------------------------------
| | A shares | 90,074,668 | 15.57% | 15.44% |
--------------------------------------------------------------------------------
| | B shares | - | - | - |
--------------------------------------------------------------------------------
| | Total | 90,074,668 | 15.57% | 15.44% |
--------------------------------------------------------------------------------
| Exista Trading | | | | |
| ehf | | | | |
| (formerly Exista | | | | |
| fjárfestingar | | | | |
| ehf.) | | | | |
--------------------------------------------------------------------------------
| | A shares | 25,601,799 | 4.43% | 4.39% |
--------------------------------------------------------------------------------
| | B shares | - | - | - |
--------------------------------------------------------------------------------
| | Total | 25,601,799 | 4.43% | 4.39% |
--------------------------------------------------------------------------------
| Vátryggingafélag | | | | |
| Ãslands hf. | | | | |
--------------------------------------------------------------------------------
| | A shares | 31,400 | 0.005% | 0.005% |
--------------------------------------------------------------------------------
| | B shares | - | - | - |
--------------------------------------------------------------------------------
| | Total | 31,400 | 0.005% | 0.005% |
--------------------------------------------------------------------------------
8. The chain of controlled companies through which the shares and votes in Sampo
Plc. are held
Exafin B.V., Exista Trading ehf. and Vátryggingafélag Ãslands hf. are 100
percent owned subsidiaries of Exista hf.
9. Additional information
The equity swap agreement entered into by Exista Trading ehf. requires Exista
Trading ehf. to either acquire 100,000 A shares in Sampo Plc., or, alternatively
and upon choice by Exista Trading ehf. to receive or make a cash payment
representing the increase or reduction in value of the shares. These shares
represent at present 0.017 percent of Sampo Plc.'s total shares and 0.017
percent of the total voting rights carried by the shares in Sampo Plc. The
agreement period of the equity swap expires on 9 February 2008, but Exista
Trading ehf. also has the right to consummate the agreement during the agreement
period prior to the expiry.
The consummation of the equity swap agreement through delivery of the shares to
Exista Trading ehf. and use of voting rights relating to the shares by Exista
group companies is conditional, e.g., upon approval of the Finnish Insurance
Supervision Authority and other authorities relevant for the arrangement.
___________________________
Pekka Jaatinen, Attorney-at-Law
For and on behalf of Exista hf.