OKO Pankki Oyj - Changes board/management/auditors

Resolutions of the organising meeting of OKO Bank Board of Directors

The Board of Directors of OKO Bank plc (OKO Bank) held its organising meeting   
after the Annual General Meeting on 27 March 2007. At the meeting, the members  
of the Board committees were elected.                                           

The members of the Audit Committee are Mr Tom von Weymarn (chairman), Ms Merja  
Auvinen, Managing Director, Mr Erkki Böös, Senior Executive Vice President and  
Mr Harri Nummela, Executive Vice President.                                     

The members of the Risk Management Committee are Mr Tony Vepsäläinen, President,
(chairman), Mr Eino Halonen, President and CEO, Mr Simo Kauppi, Deputy Managing 
Director and Mr Heikki Vitie, Deputy to the President.                          

The members of the Compensation Committee are Mr Reijo Karhinen, Executive      
Chairman (chairman), Mr Tony Vepsäläinen, President, and Professor Satu         
Lähteenmäki.                                                                    

In accordance with the Company's Articles of Association, the Chairman of the   
Executive Board of OP Bank Group Central Cooperative, Mr Reijo Karhinen,        
Executive Chairman, acts as the Chairman of the Board of Directors and the Vice 
Chairman of the Executive Board of the Central Cooperative, Mr Tony Vepsäläinen,
President, acts as the Vice Chairman of the Board of Directors.                 

The Board of Directors has evaluated the independence of its members and        
concluded that Ms Satu Lähteenmäki and Mr Tom von Weymarn are independent of the
Company and its major shareholders.                                             

OKO Bank plc                                                                    



Markku Koponen                                                                  
Senior Vice President                                                           

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Principal media                                                                 
www.oko.fi                                                                      

For more information, please contact                                            
Mr Reijo Karhinen, Chairman of the Board of Directors, tel. +358 10 252 4500    
Mr Markku Koponen, Senior Vice President, Corporate Communications,             
tel. +358 10 252 2648