Sampo Pank                    NEWS RELEASE                      04/15/2004



INTEREST PAYMENT ON FRN'S



On 27 April 2004 AS Sampo Pank will pay interest on the floating rate notes

(SPOBMIXE12) listed on the Tallinn Stock Exchange in the amount of EUR 7.52

(117.66 Estonian kroons) per note.  Interest will be paid to the investors

who are the owners of the notes five banking days before the interest payment 

date (i.e. on 20 April 2004) at 08.00 a.m. according to the data of the the 

Estonian Central Securities Register.  



Until 27 January 2007 the notes of AS Sampo Pank will bear an annual

interest rate of three months EURIBOR plus 0.90% per annum. The three-

months EURIBOR which is displayed on the appropriate Reuters screen at 

11.00 a.m. Brussels time two banking days before the respective interest 

payment date is taken into account in the calculation of the interest of 

the respective interest payment period which starts on the respective 

interest payment date. The three-months EURIBOR of the first interest

payment period was fixed on 23 January 2004. 



Interest will be paid to the investors in euros. The investor has to 

present the details of his/her EUR account to his/her payment agent

(the  Estonian Central Securities Depository) and the issuer at least 

five (5) banking days before the respective interest payment date. 

In case the investor does not present his/her EUR account details 

to the payment agent duly, the payment agent shall transfer the equivalent

payable amount in Estonian kroons (according to Eesti Pank’s exchange rate

valid on the interest payment date) to the investor’s current account which 

is linked to his/her securities account with the Estonian Central Securities 

Register. 



AS Sampo Pank will not withhold any income tax on the interest 

paid on the above notes.





Ranno Pajuri

Marketing Director

+372 6302 500