Sampo plcAnnual General Meeting 2018

Kari StadighGroup CEO and President

Solid result within insurance

929 931 960 883 818

153 163 181 210 236

635 680 751 773616

-45 -12 -1

6

-40

142

706

-200

200

600

1,000

1,400

1,800

2,200

2,600

3,000

2013 2014 2015 2016 2017

Sampo Group profit before taxes by segment

If Mandatum Life Nordea Holding excl. Nordea Topdanmark Non-recurring item

1,8881,7591,668

1,871

2,482

EURm

EPS and Comprehensive result EPS Reported EPS by quarter

2.95

3.96

3.14

3.79

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

2016 2017

EUR

EPS (reported) EPS (comp. result)

Includes 1.26 EUR from valuing of Topdanmarkto fair value

0.65 0.75 0.710.84

0.68 0.67

2.01

0.61

0.00

0.50

1.00

1.50

2.00

2.50

Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17

EUR

Includes 1.26 EUR from valuing of Topdanmarkto fair value

Earnings per share

1.261.26

2.70 2.53

0.74

1.26

14.63

17.79

14.05

17.38

22.15 22.6323.79 24.86 25.37

0.00

4.00

8.00

12.00

16.00

20.00

24.00

28.00

2009 2010 2011 2012 2013 2014 2015 2016 2017

EUR

Net asset value per share continued to increase

By sector By company

Money market 12%

Public sector 5%

Covered Bonds 23%

Other fixed income 39%

Equities 15%

Private equity 1%

Real estate 2%

Other 3%

If 52%

Topdanmark (P&C) 13%

Mandatum Life 28%

Sampo plc 7%

Sampo Group investments exceeded EUR 22 billion on 31 December 2017

Total EUR 22.2 billion

Investments of If, Topdanmark (excluding life insurance), Mandatum Life and Sampo plc

0.0

2.0

4.0

6.0

8.0

10.0

12.0

86.0 88.0 90.0 92.0 94.0 96.0 98.0 100.0 102.0

European insurance groupsAverage CR (%) 2008-2017 against volatility

SampoOP

Topdanmark Tryg

RSA

MapfreAllianz

Generali Zürich Ins.Aviva

SCOR

Ageas

Swiss Re2)

Gjensidige

Combined ratio, %

Hannover Re2)

AXA

AVERAGESta

ndar

d de

viat

ion

Admiral Ergo1)

Source: Company reports, figures at group level, 1) Germany, 2) P&C reinsurance; * 2010 - 2017

Protector

Direct Line*

Nordic P&C insurance market shares

If 18%

Topdanmark 5%

Tryg 9%

LF 10%

RSA Scand. 9%Gjensidige 8%

Folksam 6%

OP 6%

LähiTapiola 4%

Other 25%

Data 2016

Best-ever combined ratio10

0.9

%

94.9

%

91.9

%

89.9

%

90.6

%

91.8

%

92.1

%

92.8

%

92.0

%

88.9

%

88.1

%

87.7

%

85.4

%

84.4

%

85.3

%

70.0%

80.0%

90.0%

100.0%

Combined ratio excludingthe one-offs is 86.5%.

Combined ratioexcluding

the one-offs is 86.1%.

• Topdanmark is the second largest non-life insurance company (market share 17%) and the sixth largest life insurance company (market share 9%) in Denmark

• Topdanmark has approximately 600,000 non-life insurance customers and 130,000 life insurance customers

• Sampo holds 48.9 per cent of votes in Topdanmark at the end of 2017 (subsidiary as of 30 September 2017)

• Profit before taxes in the Topdanmark segment was EUR 142 * (59) million excluding a non-recurring item of EUR 706 million

• Combined ratio was 82.0 (85.1) per cent in 2017• Peter Hermann was appointed to new CEO of Topdanmark as of 5 February 2018• Torbjörn Magnusson (Chairman), Petri Niemisvirta and Ricard Wennerklint represent Sampo Group in

Topdanmark's Board• Market value of Topdanmark EUR 1 512 million and the original acquisition value approximately

EUR 600 million

Topdanmark

*) consolidation since Q4/2017

Topdanmark − Combined ratio development

Consolidation as a subsidiary Q4/2017

91.1

93.3

90.3

88.0

91.5

86.0 86.885.1

82.0

76.078.080.082.084.086.088.090.092.094.096.0

2009 2010 2011 2012 2013 2014 2015 2016 2017

%

Source: Nordea

Nordea’s customer relationships and market position 2017

Nordea’s financial highlightsQ4/17 vs. Q4/16* 2017 vs. 2016*

Income• Total revenues• Net Interest Income• Fee and Commission Income• Net Fair Value

• -13%• -6%• -2%• -54%

• -3%• -1%• +5%• -22%

Costs • Total expenses • -7% • +4.2%

Credit quality• Loan loss level• Impaired loans

• 9 (16) bps • 12 (15) bps

• 186 (163) bps

Capital & Dividend

• CET1 ratio• Management buffer• Dividend

• 19.5 (18.4) %• 189 (101) bps• EUR 0.68

*In local currencies and excluding items affecting comparability and the transformation costs. Source: Nordea

• Nordea issued a EUR 750m Additional Tier 1 instrument at 3.5%, the lowest coupon ever

One simplified legal structure

Simplified legal structure and re-domilication

Re-domilication to the banking union

• First step taken on January 1st 2017 to simplify the legal structure towards operating as One Nordea

• Strengthened governance and simplifying common processes

• Enables Nordea to fully benefit from investments in Core Banking Systems

• The change has created One Nordea and contributes to making Nordea more competitive to the benefit of the customers

• Logical move to be supervised within the banking union given the size, geographic reach and business model

• Important strategic step in positioning Nordea at par with its European competitors

• Benefit from a stable and predictable regulatory environment offered by the banking union

Nordea Bank AB’s Board of Directors decided to initiate a re-domiciliation of the parent company of the Nordea Group from Sweden to Finland and the European Banking Union on 6 September 2017. At the Annual General Meeting that took place on 15 March 2018, the merger plan was approved by Nordea’s shareholders. The actual re-domiciliation is planned to be effective on 1 October 2018 – but remains subject to the necessary regulatory approvals.

Source: Nordea

Nordea has a strong capital position

14,230 15,760 19,577 21,049 22,641 23,953 24,444 25,588 26,516 27,555 28,008

1,297

5191,006

1,1681,048

1,3701,734

2,501 2,584 2,625

2,747

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

10,000

12,000

14,000

16,000

18,000

20,000

22,000

24,000

26,000

28,000

30,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Tier 1 capital; left scale Dividends, total; right scale

EURm EURm

Unit-linked reserves at a new record

EURm

4,487 4,431 4,410 4,249 4,071 3,927 3,837 3,818 3,679 3,507

1,637 2,359 3,124 3,054 3,833 4,617 5,312 5,858 6,440 7,066

1,228 1,196 1,142 1,065

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

With-profit and unit-linked technical reserves of Mandatum Life31 December 2017

Segregated assets Unit-linked With-profit

*

*Includes the portfolio of approximately EUR 3,100 million to be transferred to Danske Bank

*

Risk and expense results highest in Mandatum Life’s history

14

19

25 24

33

24 23

3331

35

0

5

10

15

20

25

30

35

40

2013 2014 2015 2016 2017Expense result Risk result

EURm

Sampo plc

Sampo plc’s direct investments worth EUR 750 million

• Swedish consumer credit online bank• Sampo’s investment amounted to approximately EUR 240 million• Co-investor Nordic Capital (Sampo’s share 36.25%)

• Danish fintech company spezialising in online trading• Sampo’s investment amounted to approximately EUR 265 million• Sampo’s share 19.9% (Geely 51.5%, Kim Fournais 25.7%)

• Danish pioneer in digital payments and leading payment servicesprovider

• Sampo’s investment amounted to approximately EUR 230 million• Co-investor with Hellman & Friedman

181488 540 406 544 490 597 587 586 620

293

200100

100100 100

125

275

150

13080

204 250 224293

370 533

551557

585

107511 568

744 756 768883

1,0671,220

1,5551,452

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018**

If If, extra dividend Mandatum Life Nordea Topdanmark

*

Internal dividends received by Sampo plcEURm

* If made a sales gain in connection with the mandatory offer on Topdanmark shares and paid an extra SEK 2.8 billion (EUR 293 million) dividend to Sampo plc on 22 September 2016.

** If normally pays its dividend towards the end of the calendar year.

Nine consecutive years of growth in Sampo dividends

0.801.00

1.15 1.201.35

1.651.95

2.152.30

2.60

0.00

0.50

1.00

1.50

2.00

2.50

3.00

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017*

EUR

* Board’s proposal to the AGM on 19 April 2018

4.6%5.0%

4.6%

5.4%5.7%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

2013 2014 2015 2016 2017

Annual dividend yield, calculated using the year-end share price

Sampo plc dividend yield, %

Sampo’s 10Y TSR vs. STOXX Europe 600 Banks and Insurance indices

Source: Thomson Reuters Datastream

Market capEUR 25 billion13 April 2018

Sampo plcAnnual General Meeting 2018

Kari StadighGroup CEO and President