OP Yrityspankki Oyj - Company Announcement

OP Cooperative to investigate a possibility to buy a subordinated loan of 40 million euros on the market issued by OP Corporate Bank plc

OP Corporate Bank plc
OP Cooperative
Stock exchange release
14 September 2016 at 4.30 pm EEST

OP Cooperative to investigate a possibility to buy a subordinated loan of 40
million euros on the market issued by OP Corporate Bank plc

OP Cooperative is investigating a possibility to buy a perpetual subordinated
loan of 40 million euros (ISIN: XS0237073498) on the market issued by OP
Corporate Bank plc on 30 November 2005, in part or in full.

As  a result of possible purchases, the purchased amount will be removed from OP
Financial   Group's   balance  sheet  and  capital  base  under  the  prudential
requirements.  The  possible  purchases  will  have  only  a  minor effect on OP
Financial  Group's  capital  adequacy  and  will  not affect OP Corporate Bank's
capital  adequacy.  The  possible  purchases  form  part of OP Financial Group's
capital management and funding structure optimisation.

OP  Cooperative  (buyer)  and  OP  Corporate  Bank  plc  (issuer)  belong to the
amalgamation  of  deposit  banks  formed  by  OP Financial Group's member credit
institutions  and the central cooperative and fall within the scope of joint and
several liability. This amalgamation is supervised on a consolidated basis.

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

For more information, please contact:
Harri Luhtala, CFO, tel. +358 (0)10 25 22433

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

OP Financial Group is Finland's largest financial services group whose mission
is to create sustainable prosperity, security and wellbeing for its owner-
customers and in its operating region by means of its strong capital base and
efficiency. OP Financial Group consists of about 180 member cooperative banks,
its central cooperative OP Cooperative, and the latter's subsidiaries and
affiliates. The Group has a staff of 12,000 and 1.7 million owner-customers and
4.3 million customers. www.op.fi

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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