Pohjola Pankki Oyj - Changes board/management/auditors

Changes in Pohjola's management responsibilities as of 1 October 2014

Pohjola Bank plc
STOCK EXCHANGE RELEASE
24 April 2014, at 2.15 pm

Changes in Pohjola's management responsibilities as of 1 October 2014



Based  on  a  decision  by  the  Supervisory  Board  of OP-Pohjola Group Central
Cooperative  on 24 April 2014, Jouko Pölönen, President  and CEO of Pohjola, has
been  appointed  a  member  of  the  Executive Board of OP-Pohjola Group Central
Cooperative and Senior Executive Vice President of OP-Pohjola Group's Banking as
of 1 October 2014.

According to the plan, Jouko Pölönen will also act as Managing Director of the
major bank in the Helsinki Metropolitan Area consisting of Pohjola Banking and
Helsinki OP Bank Plc. According to the plan, Olli Lehtilä, Managing Director of
Helsinki OP Bank Plc, will take up his duties as President of Pohjola Insurance
Ltd on 1 October 2014.

This change represents a continuation of the public voluntary bid announced last
February for all Pohjola Bank shares and of the decision to delist the shares.
On 6 February 2014, OP-Pohjola Group Central Cooperative announced that it would
make a public bid for all Pohjola Bank plc shares. According to information
received by Pohjola, all of the conditions for executing the bid have been
fulfilled based on the preliminary results announced in early April and OP-
Pohjola Group Central Cooperative has decided to execute the bid according to
its terms and conditions.

As long as Pohjola Bank plc Series A shares are listed on NASDAQ OMX Helsinki,
the existing responsibilities and reporting relationships of Pohjola's Executive
Committee will remain unchanged.



OP-Pohjola  will  issue  a  separate  press  release  relating to changes in the
management system.





Pohjola Bank plc

Carina Geber-Teir
Chief Communications Officer


For any requests for interviews, please call: OP-Pohjola Communications, tel.
+358 (0)50 523 9904


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


Pohjola is a Finnish financial services group which provides its customers with
banking, non-life insurance and asset management services. Pohjola's mission is
to promote the prosperity, security and wellbeing of its customers. Key targets
include profitable growth and increasing the company's value. Pohjola Group
serves corporate customers in Finland and abroad by providing an extensive range
of financial, investment, cash management and non-life insurance services. For
private customers, the Group provides non-life insurance and private banking
services. Pohjola Series A shares have been listed on the Large Cap List of the
NASDAQ OMX Helsinki since 1989. Pohjola's consolidated earnings before tax
amounted 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




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