OPTIVA PANK

ANNOUNCEMENT



RESOLUTIONS OF SHAREHOLDERS' EXTRAORDINARY GENERAL MEETING



The extraordinary general meeting of AS Optiva Pank shareholders was held 

in Tallinn on 22.09.2000.



The agenda of the EGM included recall of members of the Supervisory

Board and election of new members of the Supervisory Board.



Resolutions of EGM:

1. to recall Supervisory Board members of AS Optiva Pank Pirkko 

   Juntti and Peter Yngve.

2. to appoint new member to the Supervisory Board of AS Optiva Pank 

   Olavi Laido, Management Board Chairman of AS Sampo Eesti Varakindlustus;  

   Jukka Edvin Ohls, Senior Vice President of Leonia Bank; 

   Jussi Paavo Osola, Executive Vice President and member of the Management 

   Board of Leonia Bank; 

   Martti Juhani Porkka, Sampo Group's Chief Investment Officer.



The new Supervisory Board of AS Optiva Pank will consist of 7 members: 

Andres Järving, Gunnar Kraft, Olavi Laido, Jukka Edvin Ohls, Jussi Paavo Osola, 

Martti Juhani Porkka and Aare Tark.



Supervisory Board of AS Optiva Pank elected Sampo Group's Chief 

Investment Officer Martti Juhani Porkka new Chairman of the Supervisory Board.

The current Supervisory Board Chairman of Optiva Pank Gunnar Kraft 

will continue on the position of Head of Sampo-Leonia Group's 

Central and Eastern-European Banking Division.



The main shareholder of Optiva Bank is Sampo Finance Ltd 

whose stake in the bank is 93.2 per cent.





Ruth Laidvee

Market Communications Director

+372 630 2105