Pohjola Pankki Oyj - Company Announcement

Completed Transactions Related to Pohjola Asset Management's Private Equity Investment Business

Pohjola Bank plc
COMPANY RELEASE
Release category: Company Announcement
16 December 2010 at 3.00 pm Finnish time (GMT+2)

Completed Transactions Related to Pohjola Asset Management's Private Equity
Investment Business

Transactions related to Pohjola Asset Management's private equity investment
business have been completed. As announced earlier, Pohjola Bank plc (Pohjola)
bought a 40% shareholding in Access Capital Partners Group SA (Access Capital),
a manager and advisor of private equity funds of funds, for EUR 28 million. At
the same time, Pohjola sold Pohjola Private Equity Funds Ltd to Access Capital
for EUR 16 million.

Following the required regulatory approval, the transactions communicated in the
company announcement of 17 November 2010 were completed on 16 December 2010.
Accordingly, Access Capital is a Pohjola associated company whose financial
results will be included in those of Asset Management and Pohjola in proportion
to the shareholding.

In addition, all of the share capital of Pohjola Capital Partners Ltd, which
makes direct equity investments in unlisted Finnish companies, has been bought
by the company's existing management and the company has been renamed Vaaka
Partners Ltd. Communicated in the company announcement of 27 September 2010,
this management buyout has been completed according to the original plan.

Pohjola Bank plc

Carina Geber-Teir
Chief Communications Officer

For more information, please contact:
Mikko Koskimies, Executive Vice President, Pohjola Asset Management Ltd, tel.
+358 (0)10 252 2295


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


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