Sampo Pank                    NEWS RELEASE                      05/15/2002



EXTRAORDINARY GENERAL MEETING



Tomorrow, on May 15, 2002, the management board

of AS Sampo Pank will publish a notice of the 

extraordinary general meeting of shareholders. 

The general meeting of shareholders will be held 

on June 17, 2002 at 15:00 in Tallinn at AS Sampo Pank

head offices at Narva mnt. 11, 6th floor. The registration

of shareholders will begin at 14:30. 

The extraordinary general meeting will be called upon the

application of the majority shareholder of AS Sampo Pank, 

Sampo plc (address: Yliopistonkatu 27, 20100 Turku, Finland,

registry code 46.425),

for takeover of the shares held by the minority shareholders. 

Sampo plc has determined the amount of compensation payable

to the minority shareholders to be 15,67 Estonian kroons per share.



The agenda of the general meeting includes:

1.Explaining and reasoning the conditions of the 

takeover of shares held by the minority shareholders and

the bases for determination of the amount of compensation 

payable to the minority shareholders;

2.Deciding the takeover of the shares held by minority

shareholders by the majority shareholder.



Since May 15, 2002 the draft resolution of the general meeting

concerning the takeover of shares held by the minority shareholders,

the annual reports and management reports of AS Sampo Pank for the 

previous three years, the takeover report and the auditor's report

are available for examination at AS Sampo Pank head offices 

(Narva mnt. 11, Tallinn)

and on Internet homepage <a href='http://www.sampo.ee.' target='_blank'>http://www.sampo.ee.</a>

The submission of the takeover application has been commented by

Björn Wahlroos, CEO of Sampo Group. "Sampo is strongly 

developing its operations in Estonia.

We have launched e.g. mutual funds complying with Estonia's new 

pension scheme on the market right at the starting stage. 

Long-term saving, which will experience a rapid growth in Estonia

in the future, is one of the core areas of the Sampo Group strategy.

On account of this, we wish to acquire the entire share capital of 

AS Sampo Pank", he said.



Additional information:





Ranno Pajuri

Marketing Director

630 2103