OKO Pankki Oyj - Tender offer

OKO Bank to Become New Owner of K-Rahoitus - Deal Confirmed

The share capital of K-Finance was transferred today to the ownership of OKO    
Bank plc (Pohjola Bank plc as of 1 March 2008). OKO Bank and Kesko signed the   
agreement on 21 December 2007.                                                  

The preliminary purchase price paid today is EUR 30 million, of which goodwill  
accounts for EUR 12 million. The final purchase price will be determined on the 
basis of the equity and the fixed goodwill effective on 31 January.             

K-Rahoitus offers financing services to corporate customers, mainly to          
professional customers of Kesko Agro and Konekesko and agricultural retailers in
Finland, Estonia, Latvia and Lithuania. The company's loan portfolio stood at   
about EUR 260 million on 30 September 2007.                                     

The acquisition of K-Rahoitus strengthens OKO Bank's position as a provider of
lease finance services in Finland. The Group's banking operations will also     
expand in the Baltic countries.                                                 

The acquisition will have no major effect on OKO Bank Group's 2008 earnings.    

OKO Bank issued a company release on the deal on 21 December 2007.              

OKO Bank plc                                                                    


Markku Koponen                                                                  
Senior Vice President                                                           

DISTRIBUTION                                                                    
OMX Nordic Exchange Helsinki                                                    
Major media                                                                     
www.oko.fi                                                                      
FOR MORE INFORMATION, PLEASE CONTACT:                                           
Timo Ritakallio, Deputy CEO of OKO Bank, tel. +358 (0)500 536 346               


OKO Bank plc is a Finnish financial services company providing banking,         
investment and non-life insurance services, and ranks among Finland's leading   
commercial banks and non-life insurance companies. OKO Bank Series A shares have
been quoted on the Helsinki Stock Exchange since 1989.  The bank has some 33,000
shareholders. As of 1 March 2008, OKO Bank plc will be known as Pohjola Bank plc
(www.oko.fi).                                                                   

K-Rahoitus Oy offers financing services to corporate customers, mainly to       
professional customers of Kesko Agro and Konekesko and agricultural retailers in
Finland, Estonia, Latvia and Lithuania. The company employs 7 employees in      
Finland and 15 in the Baltic countries. The entire staff will move to work under
OKO Bank Group.                                                                 

Kesko (www.kesko.fi) is a Finnish retail specialist whose stores offer quality  
to the daily lives of consumers through valued products and services at         
competitive prices. The Kesko chain consists of about 2,000 stores in the Nordic
and Baltic countries and Russia.