Pohjola Pankki Oyj - Company Announcement

Pohjola Bank plc and Pohjola Insurance Ltd to Issue Subordinated Bonds

Pohjola Bank plc 	Company Release	 	12 June 2008, 2.00 pm					Release category: 
Stock Exchange Release                                                          



Pohjola Bank plc and Pohjola Insurance Ltd to Issue Subordinated Bonds          

On 17 June 2008, Pohjola Bank plc will launch an issue of EUR 50 million in
Tier 
1 perpetual bond. With the Finnish Financial Supervision Authority's permission,
the issuer has the right to redeem the bond prematurely in June 2013.           

On 17 June 2008, Pohjola Insurance Ltd will launch an issue of EUR 50 million
in 
the capital bond included in upper Tier 2. With the Insurance Supervisory       
Authority's permission, the issuer has the right to redeem the bond prematurely 
in June 2013.                                                                   

Both bonds are perpetual and will be issued on a private placement basis and    
will not be applied for public quotation. The bonds are aimed at enhancing      
Pohjola Bank Group's capitalisation and supporting the business lines' growth.  

Pohjola Bank plc           
Markku Koponen                                                                  
Senior Vice President                                                           


FOR MORE INFORMATION, PLEASE CONTACT:                                           
Ilkka Salonen, CFO, tel. +358 (0)10 252                                         
3146                                                                            


DISTRIBUTION 
OMX Nordic Exchange Helsinki                                                    
London Stock Exchange                                                           
SWX Swiss Exchange 
Major media                                                                     
www.pohjola.fi