Pohjola Pankki Oyj - Company Announcement

Disclosure of Shareholdings Pursuant to Chapter 2, Section 10 of the Securities Markets Act

Pohjola Bank plc
Company Release
Release category: Company Announcement
6 May 2011, 8.00 am

Disclosure of Shareholdings Pursuant to Chapter 2, Section 10 of the Securities
Markets Act

On 5 May 2011, Suomi Mutual Life Assurance Company (Suomi Mutual) and OP-Pohjola
Group Central Cooperative (OP-Pohjola) notified Pohjola Bank plc (Pohjola) of a
share transaction, whereby Suomi Mutual had sold OP-Pohjola all of its Pohjola
Series A shares on 5 May 2011, accounting for 7.26 per cent of all shares and
3.91 per cent of all votes conferred by the shares. As a result of this
transaction, Suomi Mutual's shareholding has decreased below one-twentieth
(1/20) and OP-Pohjola's shareholding has increased to over three-tenth (3/10).

Post-transaction shareholding by OP-Pohjola Group Central Cooperative, business
ID 0242522-1:
Company: Pohjola Bank plc, business ID 0199920-7




Share class       No. of shares % of shares % of voting rights

Series A share      58,351,020  18.26         9.84
ISIN:FI0009003222

Series K share      60,641,131  18.98       51.12
ISIN:FI0009003925

Total             118,992,151   37.24       60.96


Post-transaction holdings in Pohjola Bank plc shares by OP-Pohjola Group Central
Cooperative and its related parties referred to in section 2, subsection 9,
paragraph 2 of the Securities Markets Act are as follows:




                                    No. of shares % of shares % of voting rights

OP-Pohjola Group Central            118,992,151   37.24       60.96
Cooperative,
business ID 0242522-1

OP Bank Group Pension Foundation,   2,328,568     0.73        0.39
business ID 0201804-4

OP Life Assurance Company Ltd,      825,241       0.26        0.14
business ID 1030059-2

OP-Pohjola Group Research           173,244       0.05        0.03
Foundation,
business ID 0215251-8

Kyösti Haataja Foundation,          27,568        0.01        0.00
business ID 0116778-5

Funds managed by OP Fund Management
Company,
business ID 0743962-2:

OP-Delta,                           1,500,000     0.47        0.25
business ID 1102395-3

OP-Finland Value,                   1,100,000     0.34        0.19
business ID 1878493-1

OP-Europe Small Firm Fund,          188,726       0.06        0.03
business ID 1540201-0

TOTAL                               125,135,498   39.16       62.00




The number of Pohjola Bank plc shares totals 319,551,415, Series K shares and
Series A shares accounting for 68,381,654 and 251,169,770, respectively. At a
general meeting of shareholders, each Series K share entitles its holder to five
(5) votes and each Series A share to one (1) vote, i.e. the total number of
votes conferred by all Pohjola shares amounts to 593,077,995.


Pohjola Bank plc

Carina Geber-Teir
Chief Communications Officer




FOR MORE INFORMATION, PLEASE CONTACT:
Vesa Aho, CFO, tel. +358 (0)10 252 2336
Tarja Ollilainen, SVP, Investor Relations, tel. +358 (0)10 252 4494


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

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