Pohjola Pankki Oyj - Company Announcement

District Court sets redemption price of Pohjola Group plc's shares held by minority shareholders at EUR 13.35

Pohjola Bank plc	COMPANY RELEASE 22 August 2008 at 10.00 am  			
Release category: Company Announcement                                       

District Court sets redemption price of Pohjola Group plc's shares held by      
minority shareholders at EUR 13.35                                              

Helsinki District Court has today issued its verdict in the redemption dispute  
concerning Pohjola Bank plc's (hereinafter Bank) and Pohjola Group plc's        
minority shareholders, setting the redemption price at EUR 13.35. This concerned
some 2.1 per cent of the company's shares (about 3.4 million shares).           

The legal process began with an Arbitral Tribunal in 2006 once the Bank had     
acquired over 90 per cent of Pohjola Group plc's shares. The redemption price   
offered by the Bank for Pohjola Group plc's shares held by minority shareholders
was EUR 13.35. In May 2007, the Arbitral Tribunal set the redemption price at   
EUR 14.35,  after which the case - following appeals by the parties - has been  
processed in the District Court.                                                

The parties involved may appeal the District Court's decision to the Helsinki   
Court of Appeal.                                                                

The District Court ruling has no material effect on Pohjola Bank Group's 2008   
earnings or equity.                                                             

Previous releases on this matter are dated 16 August, 29 June and 2 May 2007.   

Pohjola Bank plc                                                                



Markku Koponen                                                                  
Senior Vice President                                                           

DISTRIBUTION                                                                    
OMX Nordic Exchange Helsinki                                                    
London Stock Exchange                                                           
SWX Swiss Exchange                                                              
Major media                                                                     

FOR MORE INFORMATION, PLEASE CALL                                               
Markku Koponen, Senior Vice President, Communications, tel. +358 (0)10 252 2648