Pohjola Pankki Oyj - Changes board/management/auditors

Jouko Pölönen appointed President and CEO of Pohjola

Pohjola Bank plc
Stock exchange release
19 September, 2013, 12.40 pm

Jouko Pölönen appointed President and CEO of Pohjola
The Board of Directors of Pohjola Bank plc has appointed Jouko Pölönen to act as
Pohjola's President and CEO as of 15 November 2013. Pölönen, 43, is currently
acting as Pohjola Insurance Ltd's President and will also continue to do so.

Jouko Pölönen has been employed by Pohjola Group in various positions since
2001, such as Chief Financial Officer and Chief Risk Officer. He is Master of
Science in Economics and Business Administration and eMBA."Based on our succession plan, we examined a number of strong internal
candidates. Diversified experience and his extensive expertise in various fields
at Pohjola, such as in financial management, finances, risk management and non-
life insurance, were Mr Pölönen's key strengths", states Reijo Karhinen,
Chairman of Pohjola Bank plc's Board of Directors."I believe that Jouko has the appropriate combination of expertise, experience
and strong connections as required of Pohjola's President and CEO. He also knows
Pohjola Group well, which helps him take up his new duties and is a great
advantage in the years to come", continues Karhinen."It is great honour for me to have been appointed President and CEO. I am very
pleased. Pohjola is a renowned financial services provider with a long history.
I am looking forward to having the opportunity to continue Pohjola's success
together with our personnel as part of the strong OP-Pohjola Group", says Jouko
Pölönen.
Jouko Pölönen will succeed Mikael Silvennoinen who will take up a position as
partner and Board Chairman of his family business and will be ready to serve on
corporate boards.

Attached to the release are Mr Pölönen's remuneration statement and CV. The
photo of Mr Pölönen can be downloaded on Pohjola's website at www.pohjola.com >
Media > Photo Library > Pohjola's Executive Committee.


Carina Geber-Teir
Chief Communications Officer


FOR MORE INFORMATION, PLEASE CONTACT:
Reijo Karhinen, Chairman of the Board of Directors, tel. +358 (0)10 252 4500
OP-Pohjola Communications, media contacts, tel. +358 (0)50 523 99 04


DISTRIBUTION
NASDAQ OMX Helsinki
LSE London Stock Exchange
SIX Swiss Exchange
Major media
op.fi, pohjola.com

Pohjola is a Finnish financial services group which provides its customers with
banking, non-life insurance and asset management services. Our mission is to
promote the sustainable prosperity, security and wellbeing of our customers.
Profitable growth and an increase in company value form our key objectives.
Pohjola Group serves corporate customers in Finland and abroad by providing an
extensive range of financial, investment, cash-management and non-life insurance
services. We offer non-life insurance and private banking services to private
customers. Pohjola Series A shares have been listed on the Large Cap List of the
NASDAQ OMX Helsinki since 1989. The number of shareholders totals around
32,000. Pohjola's consolidated earnings before tax came to 374 million euros in
2012 and the balance sheet total amounted to 45 billion euros on 31 December
2012. Pohjola is part of OP-Pohjola Group, the leading financial services group
in Finland with over four million customers.

[HUG#1730138]

Attachments:

Jouko Pölönen CV.pdf

President and CEO Remuneration.pdf