OKO Pankki Oyj - Company Announcement

Proposal by the Board of Directors of OKO Bank to the Extraordinary General Meeting

The Board of Directors of OKO Bank has decided to convene an Extraordinary      
General Meeting to be held on Tuesday, 9 October 2007 at 11.00 am. The meeting  
will be held at Pohjola Non-Life Insurance Company's offices in Helsinki        
(Lapinmäentie 1).                                                               

The Board of Directors of OKO Bank has decided to propose to the General Meeting
that the Company's business name be changed and Articles 1 and 2 of the Articles
of Association amended. According to the proposal, the Company's new business   
name will be Pohjola Pankki Oyj in Finnish, Pohjola Bank Abp in Swedish and     
Pohjola Bank plc in English. It is proposed that in Article 2 of the Articles of
Association "OP Bank Group" be changed to "OP-Pohjola Group".                   
                                                                                
The intention is that the amendment to the Articles of Association be registered
in the Trade Register with the Company's new business name becoming effective on
1 March 2008.                                                                   

OKO Bank plc                                                                    


Markku Koponen                                                                  
Senior Vice President                                                           

DISTRIBUTION                                                                    
OMX Nordic Exchange Helsinki                                                    
Major media                                                                     
London Stock Exchange                                                           
SWX Swiss Exchange                                                              
www.oko.fi                                                                      

FOR MORE INFORMATION, please contact                                            
Mikael Silvennoinen, President and CEO, OKO Bank plc, tel. +358 10 252 2549     
Markku Koponen, Senior Vice President (Corporate Communications),               
tel. +358 10 252 2648                                                           


ATTACHMENT                                                                      
Proposal by the Board of Directors of OKO Bank plc to change the Company's      
business name and to amend Articles 1 and 2 of the Articles of Association      

Articles 1 and 2 of the present Articles of Association                         

Articles of Association of OKO Bank plc                                         

Article 1: Business name and domicile                                           
The Company's business name is OKO Pankki Oyj in Finnish, OKO Bank Abp in       
Swedish and OKO Bank plc in English. The Company is domiciled in Helsinki.      

Article 2: Line of business                                                     
The company is the central financial institution of the cooperative banks and as
a commercial bank it engages in the business operations set forth in the Act on 
Credit Institutions. The special purpose of the Company is to promote, as a     
central financial institution, the activities of the cooperative and other      
institutions belonging to the OP Bank Group. The Company may own and control    
shares and other holdings in finance and insurance companies and other entities 
as well as engage in investment activities. The Company can offer investment    
services pursuant to Section 3 of the Act on Investment Firms as well as the    
custodian and asset management services set forth in Section 16, Paragraph 1,   
Subparagraph 5 of said Act.                                                     

Proposal for the amendment of Articles 1 and 2 of the Articles of Association   

Articles of Association of Pohjola Bank plc                                     

Article 1: Business name and domicile                                           
The Company's business name is Pohjola Pankki Oyj in Finnish, Pohjola Bank Abp  
in Swedish and Pohjola Bank plc in English. The Company is domiciled in         
Helsinki.                                                                       

Article 2: Line of business                                                     
The Company is the central financial institution of the cooperative banks and as
a commercial bank it engages in the business operations set forth in the Act on 
Credit Institutions. The special purpose of the Company is to promote, as a     
central financial institution, the activities of the cooperative and other      
institutions belonging to the OP-Pohjola Group. The Company may own and control 
shares and other holdings in finance and insurance companies and other entities 
as well as engage in investment activities. The Company can offer investment    
services pursuant to Section 3 of the Act on Investment Firms as well as the    
custodian and asset management services set forth in Section 16, Paragraph 1,   
Subparagraph 5 of said Act.