Pohjola Pankki Oyj - Decisions of general meeting

Decisions by Pohjola Bank plc's Annual General Meeting

Pohjola Bank plc                                                                
Company Release                                                                 
Release category: Decisions by the Annual General Meeting                       
27 March 2009 at 5.00 pm   
Decisions by Pohjola Bank plc's Annual General Meeting  
Pohjola Bank plc's Annual General Meeting (AGM) of 27 March 2009 adopted the    
Financial Statements for 2008, discharged members of the Board of Directors and 
the President and CEO from liability and decided to distribute a dividend of EUR
0.23 per Series A share and EUR 0.20 per Series K share. The AGM confirmed the  
number of members of the Board of Directors at eight and approved the Board's   
revised proposal to authorise the Company's Board of Directors to decide on a   
share issue.  
AGM DECISIONS   
1. Adoption of the Financial Statements                                         
The AGM adopted the Parent Company Income Statement and Balance Sheet for 2008  
and the Consolidated Income Statement and Balance Sheet for 2008.  
2. Dividend distribution                                                        
The AGM decided to distribute a dividend of EUR 0.23 per Series A share and EUR 
0.20 per Series K shares. The dividend record date is 1 April 2009 and the      
payment date 9 April 2009.   
3. Discharge from liability                                                     
The AGM discharged the members of the Board of Directors and the President and  
CEO from liability for the financial year 2008. 
4. Board of Directors                                                           
The AGM confirmed the number of Board members at eight.                         
The AGM elected the following members to the Board of Directors until the       
closing of the next AGM: Merja Auvinen, Managing Director; Jukka Hienonen,      
President and CEO; Simo Kauppi, Deputy Managing Director; Satu Lähteenmäki,     
Professor; Markku Vesterinen, President and CEO; and Tom von Weymarn. Jukka     
Hienonen is a new Board member.                                                 
In addition to the abovementioned Board members, Reijo Karhinen, Chairman of the
Executive Board of OP-Pohjola Group Central Cooperative, the parent institution,
acts as the Chairman of the Board of Directors and Tony Vepsäläinen, President  
of OP-Pohjola Group Central Cooperative and Vice Chairman of the Executive Board
of OP-Pohjola Group Central Cooperative, as Vice Chairman, in accordance with   
the Articles of Association.                                                    
The monthly Board emoluments approved by the AGM are as follows: Chairman EUR   
7,000, Vice Chairman EUR 5,000 and other members EUR 4,000. In addition, all    
Board members receive an attendance allowance of EUR 500 per meeting. The       
emoluments are equivalent to those decided by the AGM in 2008. 
5. Auditor                                                                      
KPMG Oy Ab, Authorised Public Accountants, with Sixten Nyman, Authorised Public 
Accountant, (as reported by KPMG) acting as the chief auditor, was elected the  
Company's auditor.                                                              
The AGM decided that the auditor's remuneration be based on a reasonable        
invoiced amount.  
6. Authorisation given to the Board of Directors to decide on a share issue     
As proposed by the Board of Directors, the AGM decided to authorise the Board of
Directors to decide on a share issue. At its meeting held in the morning of 27  
March 2009, the Board of Directors revised its authorisation proposal to the    
AGM, as follows: the authorisation will include only one rights offering and the
total number of Series A shares offered for subscription may not exceed         
117,700,000 and that of Series K shares offered for subscription may not exceed 
32,300,000.  
Pohjola Bank plc                                                                
Markku Koponen                                                                  
Senior Vice President                                                           

FOR FURTHER INFORMATION, PLEASE CONTACT:                                        
Mikael Silvennoinen, President and CEO,                                         
tel. +358 (0)10 252 2549                                                        
Markku Koponen, Senior Vice President (Corporate                                
Communications), tel. +358 (0)10 252 2648                                       

Distribution     
NASDAQ OMX Helsinki                                                             
London Stock Exchange                                                           
SWX Swiss Exchange                                                              
Major media                                                                     
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