Pohjola Pankki Oyj - Changes board/management/auditors

New President to Pohjola Asset Management Limited

Pohjola Bank plc
STOCK EXCHANGE RELEASE
10 February 2012, 9.30 am EET

New President to Pohjola Asset Management Limited

Pohjola Asset Management Limited, a subsidiary of Pohjola Bank plc, is
appointing a new President: Mr Karri Alameri (48), Chief Investment Officer at
OP Life Assurance Company Ltd, will begin on 10 February 2012.

Pohjola Asset Management Limited's Board has relieved Mr Mikko Koskimies, the
current President, of his duties. At the same time, Pohjola Bank plc's Board has
also relieved him of his Group Executive Committee membership, replacing him
with Mr Alameri.

Mr Alameri's previous positions include Deputy Managing Director of Danske
Capital and Deputy Managing Director of Mandatum Asset Management Ltd."Mr Alameri's expertise and vision and his long and wide experience in the
financial sector are perfectly suited to Pohjola's and OP-Pohjola Group's desire
to develop their asset management business. He knows OP-Pohjola Group well and
has been in charge of investment operations for many years," says Mikael
Silvennoinen, President and CEO of Pohjola Bank plc.

At this juncture, Pohjola Bank plc's Board of Directors has also decided to
bring down the incentive schemes based on ownership in Pohjola Asset Management
Limited and Pohjola Corporate Finance Ltd already in 2012 instead of 2013 as
previously announced.

Pohjola Bank plc

Carina Geber-Teir
Chief Communications Officer

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

FOR MORE INFORMATION, PLEASE CONTACT
Mikael Silvennoinen, President and CEO, tel. 010 252 2549
Carina Geber-Teir, Chief Communications Officer, tel. 010 252 8394


Pohjola Bank plc 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 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 corporate
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
34,000. Pohjola's consolidated earnings before tax came to 258 million euros in
2011 and the balance sheet total amounted to 41 billion euros on 31 December
2010. Pohjola is part of OP-Pohjola Group, the leading financial services group
in Finland, which has over four million customers.

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