Eastern European Markets
March, the 14th, 2008

Sampo's P&C insurance subsidiary If acquires a Russian insurer

Sampo’s P&C insurance subsidiary If has signed an agreement to acquire SOAO Region, a Russian insurance company. SOAO Region’s main focus is motor insurance with approximately EUR 23.7 million of premium income. The acquisition price will be within the normal valuation range for similar transactions in the insurance industry and the goodwill from the transaction will be insignificant in relation to If's annual profits.

The acquisition is conditional upon the approval of the Russian Insurance Regulatory and the Russian Anti-Monopoly authorities.

For more information
Maria Silander
Press Officer
tel. +358 10 516 0030
For additional information, please contact:
Timo Vuorinen
Head of BA Baltic and Russia
tel. +358 10 514 3887
Helsinki Stock Exchange
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