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Danske Bank Oyj : Mandatum Life to exercise its sell option



Mandatum Life to exercise its sell option

On 20 October 2016 Mandatum Life disclosed its decision not to prolong the
existing agency agreement with Danske Bank as of 31 December 2016. The
company also communicated that it would by the end of October 2016 decide
whether it uses its right to sell the insurance portfolio sold through Danske
Bank's branch network in Finland, to Danske Bank.

Mandatum Life has today announced that they will exercise the option and sell
the portfolio to Danske Bank. The process is expected to be finalized during

The transfer of the portfolio will have no effect on existing customer

As communicated by Danske Bank on October 20, 2016, the upcoming transaction
is expected to take place at fair value and have no effect on the outlook for
Danske Bank Plc or for the Danske Bank Group.

Danske Bank Plc


Nasdaq Helsinki
London Stock Exchange
Luxembourg Stock Exchange


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Danske Bank Oyj via Globenewswire

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