Statement re [Securitization of Credit Risk]

    SAMPO PLC               STOCK EXCHANGE ANNOUNCEMENT
28 JUNE 2006 at 13:00



SAMPO BANK TO SECURITIZE CREDIT RISK

Sampo Bank plc, part of the Sampo Group, will securitize
approximately one billion euros of the exposure of corporate loans in
its balance sheet. The reference portfolio consists of the loans of
over 600 Finnish companies. The loans will remain in Sampo Bank's
balance sheet and the arrangement will thus not affect the agreements
between the bank and its customers in any way. This is a mechanism by
which Sampo Bank can adjust its credit risk profile and release
capital for future growth.

Securitization will be implemented by a company established
especially for this purpose. The company will issue bonds whose final
return will be dependent on realized credit losses from the reference
loan portfolio, and offer them for subscription by investors. The
company will compensate credit losses arising for the bank on the
basis of a credit derivatives contract between it and the bank.

SAMPO PLC

Hannu Vuola
Head of Group Communications
Tel. [phone]

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

- ---END OF MESSAGE---






Copyright © Hugin ASA 2006. All rights reserved.