Pohjola Pankki Oyj - Company Announcement

Decisions by Regrouping Meeting of Pohjola's Board of Directors

Pohjola Bank plc
Stock exchange release
20 March 2014, 6.00 pm


Decisions by Regrouping Meeting of Pohjola's Board of Directors

At its regrouping meeting on 20 March 2014 held after the Annual General Meeting
of Pohjola Bank plc (Pohjola), the Board of Directors elected members to the
Board's committees. The Board of Directors has the following three committees:
Audit Committee, Risk Management Committee and Remuneration Committee.

The Audit Committee comprises Tom von Weymarn (Chairman); Marjo Partio, Managing
Director (Vice Chairman); and Mirja-Leena (Mirkku) Kullberg, Managing Director.

The Risk Management Committee comprises Tony Vepsäläinen (Chairman), Chief
Business Development Officer; Jukka Hulkkonen (Vice Chairman), Managing
Director; and Harri Sailas, President and CEO.

The Remuneration Committee comprises Reijo Karhinen, Executive Chairman and CEO
(Chairman); Tony Vepsäläinen (Vice Chairman), Chief Business Development
Officer; and Jukka Hienonen, President and CEO.

By virtue of law, Reijo Karhinen, Executive Chairman and CEO of OP-Pohjola Group
and Chairman of the Executive Board of OP-Pohjola Group Central Cooperative (OP-
Pohjola), acts as the Chairman of Pohjola Bank plc's Board of Directors and, in
accordance with the Articles of Association, Tony Vepsäläinen, Chief Business
Development Officer, acts as the Vice Chairman.

The Board of Directors assessed the independence of its members and concluded
that Jukka Hienonen, Mirkku Kullberg and Tom von Weymarn are non-executive
members independent of the Company and its major shareholders.

Based on the Board's assessment, the following members are executive members
dependent on the Company and its major shareholders: Reijo Karhinen, Tony
Vepsäläinen and Harri Sailas. Karhinen and Vepsäläinen sit on the Executive
Board of OP-Pohjola Group Central Cooperative, Pohjola's parent company, the
former acting as its Chairman and the latter as its Vice Chairman. Pohjola is an
OP-Pohjola subsidiary. Sailas is the President and CEO of Ilmarinen Mutual
Pension Insurance Company which is a major shareholder of Pohjola and also has a
significant customer relationship and partnership with Pohjola.

Furthermore, the following members are executive members dependent on the
Company: Jukka Hulkkonen and Marjo Partio. The former acts as Managing Director
of Lounaismaan Osuuspankki and the latter as Managing Director of Kymenlaakson
Osuuspankki. Both Kymenlaakson Osuuspankki and Lounaismaan Osuuspankki have a
significant customer relationship and partnership with Pohjola.

Pohjola Bank plc

Carina Geber-Teir
Chief Communications Officer

FOR MORE INFORMATION, PLEASE CONTACT:
Reijo Karhinen, Chairman of the Board of Directors, tel. +358 (0)10 252 4500

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

Pohjola 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 sustainable 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 private
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
32,000. Pohjola's consolidated earnings before tax came to 473 million euros in
2013 and the balance sheet total amounted to 44 billion euros on 31 December
2013. Pohjola is part of OP-Pohjola Group, the leading financial services group
in Finland with 4.3 million customers.

www.pohjola.com


[HUG#1770636]