OKO Pankki Oyj - Company Announcement

Proposals for Members of Pohjola Bank plc Board of Directors and Auditors and for Their Remuneration

With around 57% of votes conferred by shares in OKO Bank plc (OKO Bank) (Pohjola
Bank plc as of 1 March 2008), OP Bank Group Central Cooperative has announced   
that it will propose to Pohjola Bank plc's Annual General Meeting of 27 March   
2008 that eight members be elected to the Company's Board of Directors. It      
proposes that the following members be re-elected: Ms Merja Auvinen, Managing   
Director; Mr Eino Halonen, rahoitusneuvos (Finnish honorary title); Mr Simo     
Kauppi, Deputy Managing Director; Ms Satu Lähteenmäki, Professor; and Mr Tom von
Weymarn. It further proposes that Markku Vesterinen (Lic. Phil.), President and 
CEO of Suomi Mutual, be elected a new Board member.                             

On the basis of their duties as per the Articles of Association, the following  
persons are members of OKO Bank's Board of Directors: Mr Reijo Karhinen,        
Chairman of the Executive Board of OP Bank Group Central Cooperative and        
Executive Chairman of OP-Pohjola Group, as Chairman of the Board of Directors;  
and Mr Tony Vepsäläinen, Vice Chairman of the Executive Board of OP Bank Group  
Central Cooperative and President of Central Cooperative, as Vice Chairman of   
the Board of Directors.                                                         

The proposed monthly Board emoluments are as follows: EUR 7,000 paid to the     
Chairman, EUR 5,000 to the Vice Chairman and EUR 4,000 to other Board members.  
In addition, the proposed attendance allowance per meeting is EUR 500. An       
attendance allowance also applies to the meetings of Board Committees. These    
monthly Board emoluments are treated as pensionable salary, in accordance with  
the proposal. OP Bank Group Central Cooperative proposes that auditors'         
remuneration be based on a reasonable invoiced amount.                          

OP Bank Group Central Cooperative has announced that it will propose that KPMG  
Oy Ab, a firm of authorised public accounts, and Raimo Saarikivi, APA, be       
re-elected the Company's auditors.                                

OKO Bank's Board of Directors will incorporate these proposals into Notice of   
Annual General Meeting to be published in due course.                           

The proposed new Board member, Markku Vesterinen, has acted as President and CEO
of Suomi Mutual since early 2008. Before his current position, he acted as      
Senior Executive Vice President of Suomi Mutual between 2001 and 2007, Director 
General of Insurance Supervisory Authority between 1999 and 2001 and occupied a 
variety of expert and managerial positions in the insurance sector from 1978.   


OKO Bank plc                                                                    
Markku Koponen                                                                  
Senior Vice President                                                           


FOR MORE INFORMATION, PLEASE CONTACT:                                           
Reijo Karhinen, Chairman of OKO Bank's Board of Directors and OP-Pohjola Group's
Executive Chairman, tel. +358 (0)10 252 4500                                    



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