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: Stock Exchange Release                                        
24 August 2010 at 10.45 am Finnish time (GMT+3)                                 

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

On 24 August 2010, Suomi Mutual Life Assurance Company notified Pohjola Bank plc
(Pohjola) that on 23 August 2010 its shareholding in Pohjola had fallen below   
one-tenth (1/10) of all Pohjola's registered shares and that the proportion of  
its holding had fallen below one-twentieth (1/20) of the votes conferred by all 
Pohjola shares.                                                                 

Post-transaction shareholding by Suomi Mutual Life Assurance Company, business  
ID 0201320-0:                                                                   

Company: Pohjola Bank plc, business ID 0199920-7                                

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| Share class     | No. of shares   | % of shares        | % of voting rights  |
--------------------------------------------------------------------------------
| Series A share  | 23,193,672      | 7.26               | 3.91                |
| ISIN:FI00090032 |                 |                    |                     |
| 22              |                 |                    |                     |
--------------------------------------------------------------------------------
| Series K share  | -               | -                  | -                   |
| ISIN:FI00090039 |                 |                    |                     |
| 25              |                 |                    |                     |
--------------------------------------------------------------------------------
| Total           | 23,193,672      | 7.26               | 3.91                |
--------------------------------------------------------------------------------

The number of Pohjola Bank plc shares totals 319,551,415, Series K shares and   
Series A shares accounting for 68,381,645 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                                                    

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

FOR MORE INFORMATION, PLEASE CONTACT:                                           
Jouko Pölönen, CFO, tel. +358 (0)10 252 3405                                    
Tarja Ollilainen, SVP, Investor Relations, tel. +358 (0)10 252 4494