Cooperation procedure to begin in If P&C Insura...

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. [phone]

For further information, please contact:

Marketta Helokunnas
Head of HR Operations, If Finland
tel. [phone]

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

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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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