Pohjola Pankki Oyj - Company Announcement

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

Pohjola Bank plc
COMPANY RELEASE
Release category: Company Announcement
9 February 2011 at 8.45 am Finnish time (GMT+2)

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

With around 57% of the votes conferred by Pohjola Bank plc shares, OP-Pohjola
Group Central Cooperative (the Central Cooperative) has announced that it will
propose to Pohjola Bank plc's Annual General Meeting of 29 March 2011 that eight
members be elected to the Company's Board of Directors. It proposes that all the
current members be re-elected, that is, Ms Merja Auvinen, Managing Director; Mr
Jukka Hienonen, President and CEO; Mr Simo Kauppi, Managing Director; Ms Satu
Lähteenmäki, Director of the Turku School of Economics; Harri Sailas, President
and CEO; and Mr Tom von Weymarn.

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 the 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 the Central Cooperative, as
Vice Chairman of the Board of Directors.

The Central Cooperative has also announced that it will propose to the AGM that
monthly Board emoluments be as follows: EUR 7,000 payable to the Chairman, EUR
5,000 payable to the Vice Chairman and EUR 4,000 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 500. 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.

The 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. The
Central Cooperative proposes that auditors' remuneration be based on a
reasonable invoiced amount.

Pohjola Bank plc

Carina Geber-Teir
Chief Communications Officer

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

FOR MORE INFORMATION
Deputy President and CEO Jouko Pölönen, tel.+358 (0)10 253 2691
Tarja Ollilainen, Senior Vice President, Investor Relations, tel.+358 (0)10
252 4494

[HUG#1486455]