OPTIVA PANK

ANNOUNCEMENT



SAMPO FINANCE WILL BUY MAJORITY HOLDING IN OPTIVA PANK



Sampo Finance Ltd. and Central Bank of Estonia today signed an 

agreement to buy a holding in Optiva Pank. Sampo Finance Ltd. will 

buy 57.9% of Optiva Pank shares. The shares will be sold at price of 

EEK 214,360,000. The agreement will become effective after the 

Finnish and Estonian supervisory institutions have issued permits, as 

stipulated by law.



Central Bank of Estonia obliges under the contract to carry part of 

the possible loss from realization of risk assets. According to 

audited reports, the volume of risk assets is EEK 332 million.



Ühispank has informed Sampo of its wish to sell its 18.8% holding in 

Optiva Pank. The goal of Sampo is to finalize the transactions with 

the Central Bank and Ühispank as soon as the supervisory institutions 

have issued the permits. Sampo Finance will make a take-over bid to 

small shareholders to buy Optiva Pank shares at the same price as 

offered to Ühispank for its holding in Optiva.



Sampo Kindlustus is the leader of Estonian non-life insurance market. 

Purchase of Optiva Pank enables Sampo to develop in Estonia the same 

financial and insurance services conception as applied in Finland 

(Sampo-Leonia).





Ruth Laidvee

Market Communications Director

+372 63 02 105