Pohjola Pankki Oyj - Changes board/management/auditors

Pohjola Bank plc changes Articles of Association and appoints new Board members

Pohjola Bank plc
Stock Exchange Release
8 October 2014 at 12 am

Pohjola Bank plc changes Articles of Association and appoints new Board members

OP-Pohjola Group Central Cooperative has been entered as the only shareholder in
Pohjola Bank plc's shareholder register on 7 October 2014. OP-Pohjola Group
Central Cooperative has today made a unanimous decision, as referred to in
Chapter 5, Subsection 1(2) of the Limited Liability Companies Act, to change
Pohjola Bank plc's Articles of Association so that the Board's Chairman will be
the Chairman of the Board of the amalgamation's central organisation, with at
least two but no more than three other members appointed by the Annual General
Meeting. Pohjola Bank plc's Chairman of the Board is OP-Pohjola Group's
Executive Chairman Reijo Karhinen, and OP-Pohjola Group's Executive Vice
President of Operations Tony Vepsäläinen, OP-Pohjola's Chief Financial Officer
Harri Luhtala and OP-Pohjola's Chief Risk Officer Erik Palmén were appointed as
Board members.
OP-Pohjola Group Central Cooperative has completed its public voluntary bid
announced in February 2014 and gained ownership of all Pohjola Bank plc shares
by decision of the Arbitral Tribunal in accordance with Chapter 18, Section 6 of
the Finnish Limited Liability Companies Act.  The Series A shares in Pohjola
Bank plc have been delisted from the Official List of the Helsinki Stock
Exchange on 30 September 2014.

Pohjola Bank plc
Carina Geber-Teir
Chief Communications Officer

For more information, please contact:
OP-Pohjola Communications, media contacts, tel. +358 (0)50 523 9904

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

Pohjola is a Finnish financial services group that offers its customers banking,
non-life insurance and asset management services. Pohjola's mission is to
promote the prosperity, security and wellbeing of its customers. Key targets
include profitable growth and increasing the company's value. Pohjola serves
corporate customers in Finland and abroad by providing an extensive range of
financial, investment, cash management and non-life insurance services. For
private customers, the Group provides non-life insurance and private banking
services. Pohjola Bank Group's earnings before tax were EUR 473 million in
2013, and the balance sheet total was EUR 44 billion on 31 December 2013.
Pohjola is part of OP-Pohjola Group, the leading financial services group in
Finland The group has 4.3 million customers.


[HUG#1861475]