OKO Pankki Oyj - Company Announcement

OKO Bank lowers earnings estimate for 2007

OKO Bank lowers earnings estimate for 2007                                      

OKO Bank has decided to lower its 2007 earnings estimate. According to an       
estimate made after the third quarter on the basis of the January-September     
financial performance, the Group expected to have every prospect of improving   
earnings before tax at fair value by at least 10% in 2007, provided that no     
radical changes took place in equity and bond markets during the rest of the    
year. Owing to market developments in November and early December, OKO Bank has 
decided to lower its 2007 earnings estimate.                                    

On the basis of the January-November financial performance, the full-year       
earnings before tax at fair value are expected to fall below 2006 figures, the  
main reason being that changes in the capital markets in November weakened the  
fair value of liquidity reserves and non-life insurance investments.            

However, OKO Bank estimates that Group earnings before tax will be higher than  
last year, because the changes in value of non-life insurance investments will  
be charged to the fair value reserve instead of the income statement.           

OKO Bank's Financial Statements for 2007 will be published on 14 February 2008. 

OKO Bank plc                                                                    


Markku Koponen                                                                  
Senior Vice President                                                          


DISTRIBUTION                                                                    
OMX Nordic Exchange Helsinki                                                    
London Stock Exchange                                                           
SWX Swiss Exchange                                                              
Major media                                                                     


FOR MORE INFORMATION, PLEASE CONTACT:                                           
Mikael Silvennoinen, President and CEO, tel. +358 10 252 2549                   
Ilkka Salonen, CFO, tel. +358 (0)10 252 3146