Pohjola Pankki Oyj - Company Announcement

OP-Pohjola Group Central Cooperative Buys All Pohjola Bank plc Series A Shares Held by Suomi Mutual

OP-Pohjola Group Central Cooperative
COMPANY RELEASE, Release category: Company Announcement
6 May 2011, 8.00 am


OP-Pohjola Group Central Cooperative Buys All Pohjola Bank plc Series A Shares
Held by Suomi Mutual

OP-Pohjola Group Central Cooperative (OP-Pohjola) has bought all Pohjola Bank
plc (Pohjola) Series A shares held by Suomi Mutual Life Assurance Company, these
shares accounting for 7.26 per cent of all Pohjola shares and 3.91 per cent of
all votes conferred by the shares.

As a result of this transaction, holding by OP-Pohjola, the central institution
of OP-Pohjola Group, in Pohjola shares has increased from 29.98 per cent to
37.24 per cent and votes conferred by the shares from 57.05 per cent to 60.96
per cent. The corresponding figures were 39,4 per cent of shares and 56,3 per
cent of votes on 31 December 2004, before Pohjola Bank plc decided to acquire
Pohjola Group plc in 2005.

This transaction will decrease OP-Pohjola Group's Tier 1 ratio by around 0.5
percentage points and capital adequacy ratio under the Act on the Supervision of
Financial and Insurance Conglomerates by 0.05. On 31 March 2011, the Group's
Tier 1 ratio stood at 12.7 per cent and capital adequacy ratio under the Act on
the Supervision of Financial and Insurance Conglomerates at 1.67.



OP-Pohjola Group Central Cooperative
Executive Board



FOR MORE INFORMATION, PLEASE CONTACT:
Harri Luhtala, member of the Executive Board and CFO, OP-Pohjola, tel. +358
(0)10 252 2433


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

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