Pohjola Pankki Oyj - Major shareholder announcements

Ilmarinen accepts the bid for Pohjola shares

OP-Pohjola Group Central Cooperative
Stock exchange release
13 February 2014, 5.20 pm

Ilmarinen accepts the bid for Pohjola shares

At its meeting on 12 February 2014, the Board of Directors of Ilmarinen Mutual
Pension Insurance Company decided to accept the public voluntary bid for Pohjola
Bank plc shares launched by OP-Pohjola Group Central Cooperative on 6 February
2014. The consideration offered amounts to 16.80 euros in cash for each Series A
share. Ilmarinen holds 31,955,142 Pohjola Bank plc Series A shares, which
accounts for 10% for all outstanding shares and for 5.42% of the total votes
conferred by all the shares.

In addition, some Group member cooperative banks have undertaken to accept the
bid with respect to Pohjola Bank plc shares they hold.

Accordingly, the shares held by Ilmarinen and the Group cooperative banks would
increase the shareholding of OP-Pohjola Group Central Cooperative in Pohjola to
around 53.92% of all shares and the votes conferred by the shares to 71.86% of
the votes, if the bid were completed.


OP-Pohjola Group Central Cooperative

Carina Geber-Teir
Chief Communications Officer

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

FOR MORE INFORMATION, PLEASE CONTACT:
Harri Luhtala, CFO, tel. +358 (0) 252 2433
Carina Geber-Teir, tel. +358 (0) 40 502 4607


Pohjola is a Finnish financial services group which provides its customers with
banking, non-life insurance and asset management services. Our mission is to
promote the sustainable prosperity, security and well-being of our customers.
Profitable growth and an increase in company value form our key objectives.
Pohjola Group serves corporate customers in Finland and abroad by providing an
extensive range of financial, investment, cash- management and non-life
insurance services. We offer non-life insurance and private banking services to
private customers. Pohjola Series A shares have been listed on the Large Cap
List of the NASDAQ OMX Helsinki since 1989. The number of shareholders totals
around 32,000. Pohjola's consolidated earnings before tax came to 473 million
euros in 2013 and the balance sheet total amounted to 44 billion euros on 31
December 2013. Pohjola is part of OP-Pohjola Group, the leading financial
services group in Finland with 4.3 million customers.

www.pohjola.com


[HUG#1761827]