OP Yrityspankki Oyj - Company Announcement

Correction: OP Corporate Bank plc's financial targets updated

OP Corporate Bank plc
Stock exchange release
14 December 2016 at 10.20 am

Correction: OP Corporate Bank plc's financial targets updated

OP Corporate Bank plc's release published on 13 December 2016 at 6.25 pm
regarding OP Corporate Bank plc's financial targets includes incorrect
information in respect of the target related to the dividend payout ratio. In
the release, the target was "50 (provided that the CET1 ratio is > 15%,
otherwise less than 50)". The correct target is 50% with no preconditions set.

The table below shows the corrected table in its entirety. Only the dividend
payout ratio target has been corrected; other information has remained
unchanged.

+------------------------------------------+-----------------------------------+
|Indicator                                 |Target                             |
+------------------------------------------+-----------------------------------+
|CET1 ratio, %                             |15                                 |
+------------------------------------------+-----------------------------------+
|Return on economic capital, %             |22                                 |
+------------------------------------------+-----------------------------------+
|Expenses of present-day business, EUR     |Expenses in 2019 lower than in 2015|
|million                                   |                                   |
+------------------------------------------+-----------------------------------+
|Dividend payout ratio, %                  |50                                 |
+------------------------------------------+-----------------------------------+
|Customer experience, NPS (-100-+100)      |70, over time 90                   |
+------------------------------------------+-----------------------------------+

OP Corporate Bank plc
Carina Geber-Teir
Executive Vice President, Corporate Communications

For more information:
OP Communications, tel. +358 (0)50 523 9904, viestinta@op.fi
Distribution

Nasdaq Helsinki
LSE London Stock Exchange
SIX Swiss Exchange
Major media
op.fi and pohjola.com

OP Corporate Bank plc is part of the leading Finnish customer-owned financial
services group, OP Financial Group. OP Corporate Bank and OP Mortgage Bank are
responsible for OP's funding in money and capital markets. As laid down in the
applicable law, OP Corporate Bank, OP Mortgage Bank and their parent company OP
Cooperative and other OP Financial Group member credit institutions are
ultimately jointly and severally liable for each other's debts and commitments.
OP Corporate Bank acts as OP's central bank.

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