Aktia Oyj; Aktia Bank Plc: Aktia Has Bought Kaupthing's Asset Management Operations In Finland

Aktia Bank plc Stock Exchange Release 1 Dec 2008 at 3 p.m.

Aktia Bank plc and the Finnish branch of Kaupthing Bank hf. signed on 31 October 2008 a letter of intent regarding sale of Kaupthing's asset management business in Finland to Aktia. The matter has now been cleared and the discussions with public authorities have proceeded according to plan leading up to the sale of the asset management business.

"The acquisition of Kaupthing's asset management business is an extraordinary complement to Aktia's asset management services. The unit now acquired has a good reputation among institutional clients using asset management services in Finland, and its know-how is very competitive. Our aim is to give the unit a special and independent status within the Aktia Group, thus preserving the strengths accumulated in the unit over the years. I trust this acquisition will give us interesting opportunities in the future, when the markets start to recover," says CEO Jussi Laitinen of Aktia Bank.

The parties have agreed not to disclose the purchase price.

AKTIA BANK PLC

For further information, please contact:

Jussi Laitinen, CEO, tel. +358 10 247 6210 Robert Sergelius, Deputy CEO, tel. +358 10 247 6350 Ari Korhonen, Director, tel. +358 40 820 4189

Issued by: Outi Fagerlund, Information Officer, tel. +358 10 247 6294

Distribution: OMX Helsinki Stock Exchange The media

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Aktia Oyj

http://www.aktia.com

Stock Identifier: XHEL.