TIDMSAMPO 
 
 
   SAMPO PLC                        INSIDE INFORMATION 
10 November 2020 at 7:15 pm 
 
   NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED 
STATES, AUSTRALIA, CANADA, JAPAN OR IN OR INTO ANY OTHER JURISDICTION IN 
WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW 
 
   Sampo plans to reduce ownership in Nordea in line with its strategy 
 
   Sampo has today announced the launch of an accelerated bookbuild 
offering to institutional investors of 162 million Nordea shares. The 
offering represents 4.0 per cent of the outstanding shares in Nordea and 
would reduce Sampo's ownership in Nordea to 15.9 per cent. 
 
   The planned disposal represents a step in steering Sampo towards the 
Group's strategic focus area -- its P&C insurance operations. Over time, 
the Group will explore options to continue this process, with the aim of 
placing P&C insurance at the core of shareholder value creation. Sampo 
remains confident in Nordea's ability to deliver on its strategy and 
2022 financial targets and continues to be the largest shareholder in 
the bank. 
 
   The planned transaction will further strengthen Sampo Group's Solvency 
II ratio. Nordea's status as an associated company remains unchanged. 
 
   The average acquisition price of Nordea is EUR 6.46 per share but the 
book value in the Group's consolidated balance sheet was EUR 8.62 per 
share on 30 September 2020, exceeding the expected sale price. The 
accounting loss from the transaction will be treated as an extraordinary 
item in calculating the dividend paid for 2020 and it will therefore not 
impact the dividend. Sampo's dividend policy, adopted on 6 February 
2020, is to pay total annual dividends of at least 70 per cent of 
Group's net profit (excluding extraordinary items) and that share 
buy-backs can be used to complement the cash dividend. 
 
   Sampo plans to use the cash generated by the Nordea share sale to reduce 
debt leverage and to strengthen the Group's liquidity position and 
ability to respond to future opportunities. 
 
   Goldman Sachs International and Citigroup Global Markets Europe AG are 
acting as Joint Bookrunners of the transaction. The result of the 
transaction will be announced on 11 November at the latest. In 
connection with the offering, Sampo has entered into a lock-up 
undertaking, under which it has, subject to certain exceptions, agreed 
not to sell any Nordea shares for a period ending at 9 May 2021. 
 
   SAMPO PLC 
 
   Jarmo Salonen 
 
   Head of Investor Relations and Group Communications 
 
   tel. +358 10 516 0030 
 
   Maria Silander 
 
   Communications Manager, Media Relations 
 
   tel. +358 10 516 0031 
 
   Important notice 
 
   THIS ANNOUNCEMENT HAS BEEN MADE FOR INFORMATION PURPOSES ONLY AND SHALL 
NOT CONSTITUTE AN OFFER TO BUY, SELL, ISSUE OR SUBSCRIBE FOR, OR THE 
SOLICITATION OF AN OFFER TO BUY, SELL, ISSUE OR SUBSCRIBE FOR ANY 
SECURITIES, NOR SHALL THERE BE ANY SALE OF SECURITIES IN ANY 
JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL 
PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY 
SUCH JURISDICTION. 
 
   MEMBERS OF THE GENERAL PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE 
EQUITY OFFERING. THIS ANNOUNCEMENT AND ANY OFFER OF SECURITIES TO WHICH 
IT RELATES ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS WHO ARE (1) 
QUALIFIED INVESTORS WITHIN THE MEANING OF THE PROSPECTUS REGULATION (EU) 
2017/1129 AND (2) WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING 
TO INVESTMENTS WHO FALL WITHIN ARTICLE 19(1) OF THE FINANCIAL SERVICES 
AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE "ORDER") OR 
ARE PERSONS FALLING WITHIN ARTICLE 49(2)(A) TO (D) (HIGH NET WORTH 
COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC) OF THE ORDER OR ARE PERSONS 
TO WHOM AN OFFER OF THE SECURITIES REFERRED TO HEREIN MAY OTHERWISE 
LAWFULLY BE MADE (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS 
"RELEVANT PERSONS"). THE INFORMATION REGARDING THE EQUITY OFFERING SET 
OUT IN THIS ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED ON BY PERSONS 
WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO 
WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS 
AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS. 
 
   THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR 
INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND 
POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF 
COLUMBIA). THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE INTO 
THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND 
WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, 
AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, EXCEPT PURSUANT TO 
AN APPLICABLE EXEMPTION FROM REGISTRATION. NO PUBLIC OFFERING OF 
SECURITIES IS BEING MADE IN THE UNITED STATES. 
 
   ANY INVESTMENT DECISION TO BUY SECURITIES IN THE EQUITY OFFERING MUST BE 
MADE SOLELY ON THE BASIS OF PUBLICLY AVAILABLE INFORMATION WHICH HAS NOT 
BEEN INDEPENDENTLY VERIFIED BY THE SOLE BOOKRUNNER OR THE SELLER. 
NEITHER THIS ANNOUNCEMENT NOR ANY COPY OF IT MAY BE TAKEN, TRANSMITTED 
OR DISTRIBUTED, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, 
AUSTRALIA, CANADA, JAPAN OR IN OR INTO ANY OTHER JURISDICTION IN WHICH 
OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. ANY FAILURE TO 
COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES, 
AUSTRALIAN, CANADIAN, JAPANESE OR OTHER APPLICABLE SECURITIES LAWS. 
 
   THE DISTRIBUTION OF THIS ANNOUNCEMENT AND THE OFFERING OR SALE OF THE 
SECURITIES REFERRED TO HEREIN IN CERTAIN JURISDICTIONS MAY BE RESTRICTED 
BY LAW. NO ACTION HAS BEEN TAKEN BY THE SOLE BOOKRUNNER OR ANY OF ITS 
RESPECTIVE AFFILIATES OR ANY OTHER PERSON THAT WOULD PERMIT AN OFFER OF 
THE SECURITIES REFERRED TO HEREIN OR POSSESSION OR DISTRIBUTION OF THIS 
ANNOUNCEMENT OR ANY OTHER OFFERING OR PUBLICITY MATERIAL RELATING TO THE 
SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION WHERE ACTION FOR THAT 
PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT 
COMES ARE REQUIRED BY THE SOLE BOOKRUNNER TO INFORM THEMSELVES ABOUT AND 
TO OBSERVE ANY SUCH RESTRICTIONS. 
 
   THE SOLE BOOKRUNNER IS ACTING EXCLUSIVELY FOR THE SELLER AND NO ONE ELSE 
IN CONNECTION WITH THE EQUITY OFFERING. THE SOLE BOOKRUNNER WILL NOT 
REGARD ANY OTHER PERSON (WHETHER OR NOT A RECIPIENT OF THIS 
ANNOUNCEMENT) AS THEIR CLIENT IN RELATION TO THE EQUITY OFFERING AND THE 
SOLE BOOKRUNNER WILL NOT BE RESPONSIBLE TO ANYONE OTHER THAN THE SELLER 
FOR PROVIDING THE PROTECTIONS AFFORDED TO THEIR CLIENTS NOR FOR GIVING 
ADVICE IN RELATION TO THE OFFERING OR ANY TRANSACTION, ARRANGEMENT OR 
OTHER MATTER REFERRED TO IN THIS ANNOUNCEMENT. THE SOLE BOOKRUNNER MAY 
PARTICIPATE IN THE OFFERING ON A PROPRIETARY BASIS. 
 
   Distribution: 
 
   Nasdaq Helsinki 
 
   London Stock Exchange 
 
   The principal media 
 
   Financial Supervisory Authority 
 
   https://www.globenewswire.com/Tracker?data=Xi5i734Y9eDw28lCuoHdUUT6RwA4dMmQ0dRonREdmxGRkNWK7LoLdNON9Q6Om8klSKr0Ic1WtPfvIE3fdhXfYw== 
www.sampo.com

(END) Dow Jones Newswires

11-10-20 1230ET