Authorizations Granted to the Board

The Annual General Meeting of 2010 authorised the Board to acquire in one or several lots a maximum of 50,000,000 Sampo A shares.

Shares can be repurchased in other proportion than the shareholders' proportional shareholdings (private repurchase). The share price will be no higher than the highest price paid for Sampo shares in public trading at the time of purchase. The authorisation will be valid until the close of the next Annual General Meeting, nevertheless not more than 18 months after AGM's decision. The shares were to be acquired through public trading on the NASDAQ OMX Helsinki at the market price prevailing at the time of repurchase.

Sampo plc made no repurchases during 2010. On 8 June 2010 the Sampo Board decided to cancel the 90,000 Sampo A shares purchased during 2009. The shares corresponded to 0.02 per cent of the total number of shares and voting rights. The average purchase price was EUR 16.53 per share and the total amount paid EUR 1.5 million. The cancellation, which was entered into the trade register on 13 July 2010, reduced the number of Sampo A shares with the corresponding amount but had no effect on the share capital.

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