OKO Pankki Oyj - Company Announcement

Nooa Savings Bank shares held by OKO Bank acquired by savings banks

The 24 savings banks which have a majority shareholding in Nooa Savings Bank Ltd
today acquired the shareholding of OKO Bank in Nooa Savings Bank at a redemption
price of EUR 6.3 million. OKO Bank had a 25% shareholding in Nooa Savings Bank. 

OKO Bank obtained possession of Nooa Savings Bank shares at the end of 2006 once
the earlier holder of the shares, Pohjola Group plc, had been merged with OKO   
Bank. In accordance with the Articles of Association of Nooa Savings Bank, the  
other shareholders of the company, in that connection, became entitled to redeem
the shares transferred to OKO Bank.                                             

The redemption does not have any impact on the OKO Bank Group earnings.         

OKO Bank plc                                                                    


Markku Koponen                                                                  
Senior Vice President                                                           

DISTRIBUTION                                                                    
Helsinki Stock Exchange                                                         
Principal media                                                                 
www.oko.fi                                                                      

FOR MORE INFORMATION, please contact                                            
Mr Ilkka Salonen, CFO, tel. +358 10 252 3146