OPTIVA PANK

ANNOUNCEMENT



TRANSACTION BETWEEN SAMPO AND BANK OF ESTONIA TOOK EFFECT



Sampo Finance Ltd. today became the majority shareholder in Optiva 

Pank, as the transaction conditions stipulated in agreement made 

on 29.06.2000 with the Central Bank of Estonia became effective as 

of today. The transaction price was EEK 214 Mio (EUR 13.7 Mio). 



Eesti Ühispank today sold its 18.8% holding in Optiva Pank to Sampo 

Finance Ltd.



Sampo Finance Ltd. has also bought 4.5% shareholding in Optiva Pank 

from AS NG Investeeringud. Hence Sampo Finance Ltd. owns altogether 

81.2% holding in Optiva Pank. 

Sampo Finance will make a take-over bid to small shareholders to buy 

the remaining shares in Optiva Pank.





Lea Endrikson

Public Relations Specialist

+372 63 02 588