Kuntarahoitus Oyj - Annual report/ annual accounts

CORRECTION: Positive Result for Municipality Finance Plc

Release                                                          
For publication March 9, 2009                                             



CORRECTION 2: 
Positive Result for Municipality Finance Plc 
Municipality Finance Plc published 5.3.2009 its Full Financial Statements. The  
related press release had a reference to Municipality Finance's Annual Report   
2008. The annual report has been corrected 9.3.2009. Corrections have been made 
to: Consolidated statement of cash flows (Municipality Finance group), Notes to 
balance sheet (Municipality Finance group) and Notes to Balance sheet (parent   
company). The corrected Annual Report 2008 is now available at www.munifin.fi.  

Corrections are specified below:                                                

Consolidated statement of cash flows (Municipality Finance group), page 29,     
missing text added.                                                             

Notes to balance sheet (Municipality Finance group), page 38, Debt securities,  
two missing lines from the table added.                                         

Notes to Balance sheet (parent company), page 53, Debt securities, missing text 
added.                                                                          


Municipality Finance Plc                                                        
Further information:                                                            
CEO Pekka Averio, tel. +358 (0)9 6803 6211, +358 (0)500 406 856                 
Executive Vice President Esa Kallio, tel. +358 (0)9 6803 6231, +358 (0)50 337   
7953                                                                            

















Municipality Finance Plc is a local government credit institution owned by      
Finnish municipalities and the Local Government Pensions Institution and is the 
parent company of the Municipal Finance Group. The company's mission is to      
ensure top-value financial services for the municipal sector, to be efficient   
and to grow profitably. The Group's balance sheet totalled EUR 12,512 million on
December 31, 2008. The company offers market-based funding to municipalities and
municipal federations, to municipality-controlled entities and non-profit       
housing corporations. The company's funding, which is guaranteed by the         
Municipal Guarantee Board, is obtained from international capital markets and   
domestic investors. Funding provided by the company goes into social and        
non-profit service projects, such as schools, housing and hospitals. The Group  
includes Financial Advisory Services Inspira Ltd, which offers financial        
advisory services for investments, financial and asset arrangements, asset      
management and various analysis services.

Attachments:

annual report 2008.pdf