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2014-04-28

Sampo Oyj: Cooperation procedure to begin in If P&C Insurance Company

SAMPO PLC STOCK EXCHANGE RELEASE 28 April 2014 at 9.30 am

Cooperation procedure to begin in If P&C Insurance Company

If P&C Insurance Company Ltd (Finland), a company belonging to Sampo Group,
will begin cooperation procedure on 5 May 2014 involving approximately 230
staff members at claims services, marketing and IT departments of If P&C
Insurance Company. Preliminary estimate for the staff decrease is a maximum
of 37 people. The cooperation procedure will begin because of a decrease in
claims volumes and improvement needs in efficiency, among other things. The
aim is to avoid dismissals.

The number of employees in If P&C Insurance Company was approximately 1,800 on
31 December 2013. The Nordic If P&C Insurance Group employed a total of 6,200
people at the year-end.

SAMPO PLC

Jarmo Salonen
Head of Investor Relations and Group Communications
tel. +358 10 516 0030

For further information, please contact:

Marketta Helokunnas
Head of HR Operations, If Finland
tel. +358 10 514 1818

Distribution:
NASDAQ OMX Helsinki
The principal media
Financial Supervisory Authority
www.sampo.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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: Sampo Oyj via Globenewswire

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