OKO Pankki Oyj - Company Announcement

Moody's downgrades OKO Bank's rating as part of rating revision

Moody's has, as part of the revision of its credit rating methods, downgraded   
OKO Bank's Long-Term Issuer Rating to Aa1 from the previous Aaa. Moody's        
affirmed OKO Bank's outlook at stable. OKO Bank's Bank Financial Strength Rating
remains at C+. The Bank Financial Strength Rating of the OP Bank Group remains  
at B.                                                                           

Last time, Moody's reformed its credit rating system on 26 February 2007. In    
that connection Moody's upgraded OKO Bank's rating to Aaa. Before the February  
reform, OKO Bank's Long-Term Issuer Rating was Aa2 and the outlook was negative.
                                                                                

OKO Bank plc                                                                    


Markku Koponen                                                                  
Senior Vice President                                                           

DISTRIBUTION                                                                    
Helsinki Stock Exchange                                                         
Principal media                                                                 
www.oko.fi                                                                      

FOR MORE INFORMATION, please contact                                            
Mr Timo Ritakallio, Deputy CEO, tel. +358 10 252 4322
Mr Hanno Hirvinen, Executive Vice President, tel. +358 10 252 2221