Pohjola Pankki Oyj - Company Announcement

Proposal for Members of Pohjola Bank plc's Board of Directors and Auditors and for their Remuneration

Pohjola Bank plc                                                                
COMPANY RELEASE, Category: Stock Exchange Release                               
2 March 2009 at 8.10 am Finnish time (GMT+2)                                    

Proposal for Members of Pohjola Bank plc's Board of Directors and Auditors and  
for their Remuneration                                                          

With around 57% of votes conferred by Pohjola Bank plc shares, OP-Pohjola Group 
Central Cooperative has announced that it will propose to Pohjola Bank plc's    
Annual General Meeting of 27 March 2009 that eight members be elected to the    
Company's Board of Directors. It proposes that the following current members be 
re-elected: Ms Merja Auvinen, Managing Director; Mr Simo Kauppi, Deputy Managing
Director; Ms Satu Lähteenmäki, Professor; Mr Tom von Weymarn; and Markku        
Vesterinen, President and CEO. It further proposes that Jukka Hienonen, M.Sc.   
(Econ. & Bus. Adm.), President and CEO of Finnair Plc, be elected a new Board   
member.                                                                         

On the basis of their duties as per the Articles of Association, the following  
persons are members of Pohjola Bank plc's Board of Directors: Mr Reijo Karhinen,
Chairman of the Executive Board of OP-Pohjola Group Central Cooperative and     
Executive Chairman of OP-Pohjola Group, as Chairman of the Board of Directors;  
and Mr Tony Vepsäläinen, Vice Chairman of the Executive Board of OP-Pohjola     
Group Central Cooperative and President of the Central Cooperative, as Vice     
Chairman of the Board of Directors.                                             

The proposed, unchanged monthly Board emoluments are as follows: EUR 7,000 paid 
to the Chairman, EUR 5,000 to the Vice Chairman and EUR 4,000 to other Board    
members. In addition, the proposed attendance allowance per meeting is EUR 500. 
An attendance allowance also applies to the meetings of Board Committees. These 
monthly Board emoluments are treated as pensionable salary, in accordance with  
the proposal. OP-Pohjola Group Central Cooperative proposes that auditors'      
remuneration be based on a reasonable invoiced amount.                          

OP-Pohjola Group Central Cooperative has announced that it will propose that    
KPMG Oy Ab, a firm of authorised public accountants, be re-elected the Company's
auditor.                                                                        

Pohjola Bank plc's Board of Directors will incorporate these proposals into     
Notice of Annual General Meeting to be published separately.                    

The proposed new Board member, Jukka Hienonen, has acted as Finnair Plc's       
President and CEO since 1 January 2006. Previously, he was employed by Stockmann
plc eg as Director, Department Store Division, International Operations between 
1995 and 2000, Director of Department Store Division between 2001 and 2005 and  
Executive Vice President between 2003 and 2005. He was also previously employed 
by Kesko Corporation, Timberjack Oy and Kaukomarkkinat Oy, among others.        

Pohjola Bank plc                                                                

Markku Koponen, Senior Vice President, Corporate Communications                 

FOR FURTHER INFORMATION, PLEASE CONTACT:                                        
Reijo Karhinen, Chairman of Pohjola Bank plc's Board of Directors and OP-Pohjola
Group's Executive Chairman, tel. +358 (0)10 252 4500                            

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