Pohjola Pankki Oyj - Company Announcement

Pohjola Bank plc to Redeem Lower Tier 2 Subordinated Notes of EUR 70 Million

Pohjola Bank plc
COMPANY RELEASE
Release category: Company Announcement
28 October 2010 at 15.00 pm

Pohjola Bank plc to Redeem Lower Tier 2 Subordinated Notes of EUR 70 Million

Pohjola Bank plc will redeem Lower Tier 2 subordinated notes of EUR 70 million.

Pohjola Bank plc issued the notes in November 2004. According to the terms and
conditions, the notes will mature in 2015 but with the Finnish Financial
Supervisory Authority's permission the issuer has the right to call in the notes
prematurely in November 2010. The notes are quoted on the London Stock Exchange.

This redemption will have no effect on Pohjola's Tier 1 ratio but will reduce
the capital adequacy ratio by 0.5 percentage points. On 30 June, Pohjola Bank
plc's capital adequacy ratio stood at 13.4% and Tier 1 ratio at 12.0%.


Pohjola Bank plc

Carina Geber-Teir
Chief Communications Officer

For more information, please contact:
Jouko Pölönen, CFO, tel. +358 (0)10 252 3405
Hanno Hirvinen, Executive Vice President, tel. +358 (0)10 252 2221
Tarja Ollilainen, SVP, Investor Relations, tel. +358 (0)10 252 4494


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





[HUG#1456591]