AS SAMPO PANK                      NEWS RELEASE                       03.11.2004





Sampo Baltic Asset Management AS starts activities in Lithuania





Asset Management company Sampo Baltic Asset Management  AS  (hereinafter  -  SBAM)

has  established  an  affiliate  in  Lithuania.  By  establishing  activities   in

Lithuania, SBAM is aiming to become a competitive player  in  country's  long-term

saving and investment market.



Using company's experience in investing into Central and Eastern  Europe  as  well

as in global markets, in  co-operation  with  Finland's  Mandatum,  SBAM  will  be

providing professional high-quality investment solutions to Lithuanian clients.



In Lithuania, SBAM will closely co-operate with  other  Sampo  companies  -  Sampo

bankas and Sampo gyvybes draudimas.





Anneli Rõuk

Communication Manager

AS Sampo Pank

Tel +372 630 2103