If P&C Insurance Company completed the cooperat...

SAMPO PLC           STOCK EXCHANGE RELEASE  16 June 2014 at 10.00 am

If P&C Insurance Company completed the cooperation procedure

If P&C Insurance Company Ltd (Finland), a company belonging to Sampo Group, has completed the cooperation procedure, which began on 5 May 2014. As a result of the procedure, the number of employees will decrease by 28 persons. 1 employee was dismissed in the process.

The cooperation procedure began because of a decrease in claims volumes and improvement needs in efficiency, among other things. The cooperation procedure involved approximately 230 employees at claims services, marketing and IT departments of If P&C Insurance Company.

SAMPO PLC

Maria Silander
Press Officer
tel. + 358 10 516 0031

For further information, please contact:

Marketta Helokunnas
Head of HR Operations, If Finland
tel. [phone]

Distribution:
NASDAQ OMX Helsinki
The principal media
Financial Supervisory Authority
www.sampo.com

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Source: Sampo Oyj via Globenewswire

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