Pohjola Pankki Oyj - Company Announcement

Correction: Pohjola Bank plc to Issue Lower Tier 2 Subordinated Notes of CHF 100 million

Pohjola Bank plc
Company Release
Release category: Company Announcement
28 June 2011, 3.00 pm

Pohjola Bank plc to Issue Lower Tier 2 Subordinated Notes of CHF 100 million

Pohjola Bank plc will issue Lower Tier 2 subordinated notes of CHF 100 million
with a maturity of 10 years on or about 14 July 2011. An application will be
made for the notes to be admitted to trading on the SIX Swiss Exchange. The
terms and conditions do not allow any early redemption of the notes.

The notes will increase Pohjola Group's capital adequacy ratio (pro forma) by
0.6 percentage points, Tier 1 ratio by 0.2 percentage points and capital
adequacy under the Act on the Supervision of Financial and Insurance
Conglomerates by 0.06.

On 31 March 2011, Pohjola Group's capital adequacy ratio stood at 12.2%, Tier 1
ratio at 12.2% and capital adequacy under the Act on the Supervision of
Financial and Insurance Conglomerates at 1.58.

Carina Geber-Teir
Chief Communications Officer

FOR MORE INFORMATION, PLEASE CONTACT:
Vesa Aho, CFO, tel. +358 (0)10 252 2336
Hanno Hirvinen, Executive Vice President, tel. +358 (0)10 252 2221

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

[HUG#1526629]