Sampo  Enterprise  Insurance  Company  Ltd  (Sampo)  and  AS  Hansapank

(Hansabank)  have  entered  into a letter of intent, whereby Sampo will

purchase at least 96% of shares of AS Eesti Kindlustus (EK).

In  January,  1999,  the  parties  intend  to complete the transaction,

whereby   Sampo  will  acquire  the  non-life  insurance  business  and

Hansabank will keep the life-insurance business of EK.