Sampo Oyj: Negative decision on the tax treatment of the co-operation agreement of Mandatum Life and Danske Bank

SAMPO PLC STOCK EXCHANGE RELEASE 29 May 2018 at 6:50 pm

Negative decision on the tax treatment of the co-operation agreement of Mandatum Life and Danske Bank

Mandatum Life Insurance Company Limited (Mandatum Life) disclosed on 24 April 2018 that Mandatum Life and Danske Bank have agreed to continue their co-operation regarding the distribution and management of insurance products and the cancellation of the earlier agreed transfer of the insurance portfolio distributed by Danske Bank. The agreed transaction was subject to confirmation of the tax treatment.

Mandatum Life today received a negative decision on the tax treatment of the transaction. The decision differs from the parties' and their legal advisers' expectations.

In accordance with the agreement, the parties are committed to negotiate about the effects of the negative tax decision.

SAMPO PLC

Jarmo Salonen
Head of Investor Relations and Group Communications
tel. [phone]

Mirko Hurmerinta
IR & Communications Specialist, Media Relations
tel. [phone]

Distribution:
Nasdaq Helsinki
London Stock Exchange
The principal media
Financial Supervisory Authority
www.sampo.com (http://www.sampo.com/)

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Source: Sampo Oyj via Globenewswire