Pohjola Pankki Oyj - Company Announcement

Redemption Dispute over Pohjola shares Submitted to the Court of Appeal

Pohjola Bank plc		Company Release 4 November at 10.00 am                        
			Release category: Stock Exchange Release                                     

Redemption Dispute over Pohjola Group plc shares Submitted to the Court of      
Appeal                                                                          

The special representative of Pohjola Group plc's minority shareholders and some
individual minority shareholders have appealed against the Helsinki District    
Court's decision of 22 August 2008 on the redemption price of Pohjola Group plc 
shares. Based on the District Court's decision, the per-share redemption price  
of EUR 13.35 remained the same as previously bid by Pohjola Bank plc. The       
dispute applies to around 2.1% of the company's shares (about 3.4 million       
shares).                                                                        

Pohjola Bank plc has also appealed against this decision, pertaining to legal   
expenses sentenced to be paid by the adverse parties, interest confirmed on the 
redemption price and some matters related to legal proceedings.          

Pohjola Bank plc last informed of the redemption dispute through its release of 
22 August 2008.                                                                 

Pohjola Bank plc                                                                


Markku Koponen                                                                  
Senior Vice President                                                           

For more information, please contact                                            
Markku Koponen, Senior Vice President                                           
(Corporate Communications), tel. +358 (0)10 252 2648                            

Distribution                                                                    
NASDAQ OMX Helsinki Ltd                                                         
London Stock Exchange                                                           
SWX Swiss Exchange                                                              
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