Pohjola Pankki Oyj - Company Announcement

Decisions by Organising Meeting of Pohjola's Board of Directors

Pohjola Bank plc
COMPANY RELEASE, Release Category: Company Announcement
29 March 2011, at 5.15 pm

Decisions by Organising Meeting of Pohjola's Board of Directors

At its organising meeting on 29 March 2011 held after the Annual General
Meeting, the Board of Directors of Pohjola Bank plc (Pohjola) elected members to
the Board's committees.

The Remuneration Committee comprises Reijo Karhinen, Executive Chairman
(Chairman); Tony Vepsäläinen (Vice Chairman), Chief Business Development
Officer; and Satu Lähteenmäki, Director of the Turku School of Economics.

The Risk Management Committee comprises Tony Vepsäläinen (Chairman), Chief
Business Development Officer; Simo Kauppi, Managing Director (Vice Chairman);
and Harri Sailas, President and CEO.

The Audit Committee comprises Tom von Weymarn (Chairman); Merja Auvinen,
Managing Director (Vice Chairman); and Jukka Hienonen, President and CEO.

In accordance with the Articles of Association, Reijo Karhinen, Executive
Chairman of OP-Pohjola Group and Chairman of the Executive Board of OP-Pohjola
Group Central Cooperative, acts as the Chairman of Pohjola's Board of Directors
and Tony Vepsäläinen, Chief Business Development Officer, acts as the Vice
Chairman.

The Board of Directors assessed the independence of its members and concluded
that Jukka Hienonen, Satu Lähteenmäki and Tom von Weymarn are non-executive
members independent of the Company and its major shareholders.

Based on the Board's assessment, the following members are executive members
dependent on the Company and its major shareholders: Reijo Karhinen, Tony
Vepsäläinen and Harri Sailas. Karhinen and Vepsäläinen sit on the Executive
Board of OP-Pohjola Group Central Cooperative, Pohjola's parent company, the
former acting as its Chairman and the latter as its Vice Chairman. Pohjola is an
OP-Pohjola subsidiary. Sailas is the President and CEO of Ilmarinen Mutual
Pension Insurance Company which is a major shareholder of Pohjola and also has a
significant customer relationship and partnership with Pohjola.

Furthermore, the following members are executive members dependent on the
Company: Merja Auvinen and Simo Kauppi. While the former is the Managing
Director of Savonlinnan Osuuspankki, the latter acts as the Managing Director of
Länsi-Suomen Osuuspankki. Both Savonlinnan Osuuspankki and Länsi-Suomen
Osuuspankki have a significant customer relationship and partnership with
Pohjola.



Pohjola Bank plc
Carina Geber-Teir
Chief Communications Officer



FOR MORE INFORMATION, PLEASE CONTACT
Reijo Karhinen, Chairman of the Board of Directors, tel. +358 (0)10 252 4500

DISTRIBUTION
NASDAQ OMX Helsinki
London Stock Exchange
Major media
www.pohjola.fi, www.op.fi



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