Pohjola Pankki Oyj - Company Announcement

Management buyout of Pohjola Capital Partners Ltd

Pohjola Bank plc
COMPANY RELEASE
Release category: Stock Exchange Release
27 September 2010 at 2.00 pm

Management buyout of Pohjola Capital Partners Ltd

The existing management of Pohjola Capital Partners Ltd and its present majority
shareholder, Pohjola Bank plc, have agreed on a management buyout whereby
Pohjola Capital Partners Ltd's management acquires all of the company's shares.

Pohjola Capital Partners Ltd will continue its investments as before but it will
be renamed Vaaka Partners after the transaction which should be finalised in
December 2010.

Direct equity investments in unlisted Finnish companies are not part of
Pohjola's core business and the private equity firm's exit from Pohjola is in
line with current market practices. Pohjola and Vaaka Partners will continue
their cooperation and Pohjola will also remain an investor in Vaaka Partner's
next buyout fund in 2010.

This management buyout will have no major effect on Pohjola Bank plc's financial
results.

Pohjola Bank plc

Carina Geber-Teir
Chief Communications Officer

For more information, please contact:

Mikko Koskimies, Managing Director, Pohjola Asset Management Ltd, tel. +358
(0)10 252 2295
Juha Peltola, Managing Director, Vaaka Partners, tel. +358 (0)50 514 8401,
www.vaakapartners.fi



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