Pohjola Pankki Oyj - Company Announcement

Addition to Stock Exchange Release: Pohjola Insurance Ltd and Pohjantähti Mutual Insurance Company Are Planning to Merge

Pohjola Bank plc
COMPANY RELEASE, Release Category: Stock Exchange Release
30 September 2010, at 3.10 pm

Addition to Stock Exchange Release: Pohjola Insurance Ltd and Pohjantähti Mutual
Insurance Company Are Planning to Merge

At 8.30 am on 29 September, Pohjola Bank plc (Pohjola) announced that Pohjola
Insurance Ltd and Pohjantähti Mutual Insurance Company (Pohjantähti) are
planning to merge. Pohjola supplements the release with Pohjantähti's financial
information as shown in the table below.

Pohjantähti Group key figures and ratios



MEUR                                                       2007  2008  2009
---------------------------------------------------------------------------
Insurance premium revenue                                  68.1  69.6  72.3

Balance on technical account                                4.6   5.8   7.3

Profit/loss for the financial year                          1.3  -4.8   6.7



Combined ratios**
excl. unwinding of discount                               93.2% 91.7% 89.8%

Solvency ratio                                            42.6% 36.6% 51.5%

Net investment return on capital invested (at fair value) 3.5 % -6.9%  6.2%



Total assets 31 Dec.                                      118.1 121.4 136.6


* Balance on technical account = insurance business operating result
**Combined ratio = ratio of claims incurred and operating expenses to insurance
premium revenue


Pohjola Bank plc



Carina Geber-Teir
Chief Communications Officer

For further information, please contact:

Jouko Pölönen, CFO, Pohjola, tel. +358 (0)10 252 3405
Petri Suni, Managing Director, Pohjantähti, tel. +358 (0)20 763 4069


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




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