OKO Pankki Oyj - Company Announcement

OKO Bank to Strengthen Its Capital Base with Upper Tier 2 Issue

On 28 June 2007, Oko Bank Plc will launch an issue of £100 million in Upper Tier
2 perpetual subordinated notes. An application will be made for the notes to be 
admitted to trading on the London Stock Exchange.                               

With the Finnish Financial Supervision Authority's permission, the issuer has   
the right to redeem the notes prematurely in December 2012.                     

OKO Bank Plc                                                                    


Markku Koponen                                                                  
Senior Vice President                                                           

DISTRIBUTION                                                                    
Helsinki Stock Exchange                                                         
Major media                                                                     
www.oko.fi                                                                      

FOR MORE INFORMATION, please contact                                            
Mr Hanno Hirvinen, Senior Vice President, tel. +358 10 252 2221