Pohjola Pankki Oyj - Company Announcement

Pohjola Bank plc redeems Lower Tier 2 subordinated notes of EUR 150 million

Pohjola Bank plc
COMPANY RELEASE
Release category: Company Announcement
10 February 2011 at 3.30 pm

Pohjola Bank plc redeems Lower Tier 2 subordinated notes of EUR 150 million

Pohjola Bank plc will redeem Lower Tier 2 subordinated notes of EUR 150 million
which it issued in March 2006.

According to the terms and conditions, the notes will mature in 2016 but with
the Finnish Financial Supervisory Authority's permission the issuer has the
right to call in the notes prematurely in March 2011. The notes are quoted on
the London Stock Exchange.

This redemption will reduce Pohjola Group's capital adequacy ratio by 1.1
percentage points and the Tier 1 ratio by 0.3 percentage points. On 31 December
2010, Pohjola Group's capital adequacy ratio stood at 13.3% and Tier 1 ratio at
12.5%. On 31 December 2010, capital adequacy ratio as specified in the Act on
the Supervision of Financial and Insurance Conglomerates was 1.71, falling to
1.59 after the redemption.


Pohjola Bank plc


Carina Geber-Teir
Chief Communications Officer



FOR MORE INFORMATION
Deputy President and CEO Jouko Pölönen, tel. +358 (0)10 252 3405
Hanno Hirvinen, Executive Vice President, tel. +358 (0)10 252 2221
Tarja Ollilainen, SVP, Investor Relations, tel. +358 (0)10 252 4494



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


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