Pohjola Pankki Oyj - Changes board/management/auditors

Proposals for Members of Pohjola Bank plc's Board of Directors and Auditors and Their Remuneration

Pohjola Bank plc
STOCK EXCHANGE RELEASE
8 February 2012, 8.45 am EET

Proposals for Members of Pohjola Bank plc's Board of Directors and Auditors and
Their Remuneration

With around 61% of the votes conferred by Pohjola Bank plc shares, OP-Pohjola
Group Central Cooperative has announced that it will propose to Pohjola Bank
plc's Annual General Meeting (AGM) of 27 March 2012 that eight members be
elected to the Company's Board of Directors. It proposes that the following
current members be re-elected: Ms Merja Auvinen, Deputy Managing Director; Mr
Jukka Hienonen, President and CEO; Mr Harri Sailas, President and CEO; and Mr
Tom von Weymarn. Simo Kauppi, Managing Director, and Satu Lähteenmäki, Director
of the Turku School of Economics, have announced that they will not stand for
re-election to the Board of Directors. Accordingly, OP-Pohjola Group Central
Cooperative proposes that Mr Jukka Hulkkonen (56), Managing Director of Salon
Osuuspankki, and Ms Mirja-Leena (Mirkku) Kullberg (49), Managing Director of
Artek oy ab, be elected to replace Mr Kauppi and Ms Lähteenmäki.

On the basis of their duties as per the Articles of Association, the following
persons are members of Pohjola Bank plc's Board of Directors: Mr Reijo Karhinen,
Chairman of the Executive Board of OP-Pohjola Group Central Cooperative and
Executive Chairman of OP-Pohjola Group, as Chairman of the Board of Directors;
and Mr Tony Vepsäläinen, Vice Chairman of the Executive Board of OP-Pohjola
Group Central Cooperative, Chief Business Development Officer, as Vice Chairman
of the Board of Directors.

OP-Pohjola Group Central Cooperative has also announced that it will propose to
the AGM that monthly Board emoluments be as follows:  EUR 8,000 payable to the
Chairman, EUR 5,500 payable to the Vice Chairman and EUR 4,500 payable to other
Board members. An additional monthly emolument of EUR 1,000 will be paid to such
Board committee chairs who are not the Chairman or Vice Chairman of the Board.
In addition, the proposed attendance allowance per meeting is EUR 550. An
attendance allowance also applies to the meetings of Board Committees. These
monthly Board emoluments are treated as pensionable salary, in accordance with
the proposal.

OP-Pohjola Group Central Cooperative has announced that it will propose that
KPMG Oy Ab, a firm of authorised public accountants, be re-elected the Company's
auditor, based on competitive tendering completed. OP-Pohjola Group Central
Cooperative proposes that auditor's remuneration be based on a reasonable
invoiced amount.

The proposed new Board member, Jukka Hulkkonen, kauppaneuvos (Finnish honorary
title), M.Sc. (Forestry), eMBA, has acted as Managing Director of Salon
Osuuspankki and its predecessor since 1997. Before that, he acted as Bank
Manager of Joensuun Osuuspankki and Area Manager of Kainuun Osuuspankki, among
other things. Mr Hulkkonen joined the then OP Bank Group in 1982. He also sat on
OP-Pohjola Group Central Cooperative's Supervisory Board from 2003 until 2011,
acting as its Chairman during 2006-11. He has also chaired the Board of
Directors of SSP Yhtiöt Oy, based in Salo, since 2012.

The proposed new Board member, Mirkku Kullberg, Diploma in Business and
Administration, IDBM Pro, has acted as Managing Director of Artek oy ab since
2005. Before that she acted as Brand Director of Nanso Oy and Managing Director
of Grünstein Product Oy. Ms Kullberg has also sat on KSF Media Ab's Board of
Directors since 2012, Helsinki OP Bank Plc's Board of Directors since 2011 and
Saga Furs Oyj's Board of Directors since 2012.

Pohjola Bank plc

Carina Geber-Teir
Chief Communications Officer

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

FOR MORE INFORMATION, PLEASE CONTACT
Niina Pullinen, SVP, Investor Relations, tel. +358 (0)10 252 4494
Carina Geber-Teir, Chief Communications Officer, tel. +358 (0)10 252 8394


Pohjola Bank plc 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 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 corporate
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
34,000. Pohjola's consolidated earnings before tax came to 258 million euros in
2011 and the balance sheet total amounted to 41 billion euros on 31 December
2011. Pohjola is part of OP-Pohjola Group, the leading financial services group
in Finland with over four million customers.

www.pohjola.com


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