Suomi Mutual holds 49.64% of Pohjola shares

Suomi Mutual Life Assurance Company's (Suomi Mutual) holding of the votes and share capital in Pohjola Group plc (Pohjola) on January 3, 2005 exceeded one third.

In accordance with earlier signed call and put options, Suomi Mutual has bought from Ilmarinen Mutual Pension Insurance Company part of the Pohjola shares held by the latter.
After the transaction, Suomi Mutual's holding of Pohjola shares and votes rose to 49.64% (before the transaction 33.32%) and Ilmarinen's holding went down to 9.24% (25.84%).