Pohjola Pankki Oyj - Company Announcement

Proposals for Members of Pohjola Bank plc's Board of Directors and Auditors and Their Remuneration

Pohjola Bank plc                                                                
COMPANY RELEASE 11 FEBRUARY, 8.30 am                                            
Release category: Stock Exchange Release                                        

Proposals for Members of Pohjola Bank plc's Board of Directors and Auditors and 
Their Remuneration                                                              

With around 57% of the votes conferred by Pohjola Bank plc shares, OP-Pohjola   
Group Central Cooperative (the Central Cooperative) has announced that it will  
propose to Pohjola Bank plc's Annual General Meeting of 26 March 2010 that eight
members be elected to the Company's Board of Directors. It proposes that the    
following current members be re-elected: Ms Merja Auvinen, Managing Director; Mr
Jukka Hienonen, President and CEO; Mr Simo Kauppi, Managing Director; Ms Satu   
Lähteenmäki, Director of the Turku School of Economics; and Mr Tom von Weymarn. 
Markku Vesterinen, President and CEO, has announced that he will not stand for  
re-election to the Board of Directors. Accordingly, the Central Cooperative     
proposes that Mr Harri Sailas (58), M.Sc. (Econ. & Bus. Adm.), President and CEO
of Ilmarinen Mutual Pension Insurance Company, be elected to replace Mr         
Vesterinen.                                                                     

On the basis of their duties as per the Articles of Association, the following  
persons are members of Pohjola Bank plc's Board of Directors: Mr Reijo Karhinen,
Chairman of the Executive Board of OP-Pohjola Group Central Cooperative and     
Executive Chairman of OP-Pohjola Group, as Chairman of the Board of Directors;  
and Mr Tony Vepsäläinen, Vice Chairman of the Executive Board of OP-Pohjola     
Group Central Cooperative and President of the Central Cooperative, as Vice     
Chairman of the Board of Directors.                                             

The proposed, unchanged monthly Board emoluments are as follows: EUR 7,000 paid 
to the Chairman, EUR 5,000 to the Vice Chairman and EUR 4,000 to other Board    
members. In addition, the proposed attendance allowance per meeting is EUR 500. 
An attendance allowance also applies to the meetings of Board Committees. These 
monthly Board emoluments are treated as pensionable salary, in accordance with  
the proposal. The Central Cooperative proposes that auditors' remuneration be   
based on a reasonable invoiced amount.                                          

OP-Pohjola Group Central Cooperative has announced that it will propose that    
KPMG Oy Ab, a firm of authorised public accountants, be re-elected the Company's
auditor.                                                                        

Pohjola Bank plc's Board of Directors will incorporate these proposals into     
Notice of Annual General Meeting to be published separately.                    

The proposed new Board member, Harri Sailas, has acted as Ilmarinen Mutual      
Pension Insurance Company's President and CEO since 2007. Previously, he        
occupied various managerial positions at Nordea Bank Finland, Merita Bank and   
Kansallis-Osake-Pankki between 1975 and 2006. His other relevant positions      
include acting as Chairman of the Board of Directors of the Helsinki Region     
Chamber of Commerce, the Finnish Pension Alliance TELA and the Aalto University 
Properties Ltd, Chairman of the Economic Policy Committee of the Central Chamber
of Commerce and member of OP-Pohjola Group Central Cooperative's Supervisory    
Board.                                                                          
Sailas is also a nominee to Finnair Corporation's Board of Directors at the     
company's Annual General Meeting of spring 2010.                                

Pohjola Bank plc                                                                

Carina Geber-Teir                                                               
Senior Vice President, Corporate Communications                                 

DISTRIBUTION                                                                    
NASDAQ OMX Helsinki                                                             
London Stock Exchange                                                           
Major media                                                                     
pohjola.fi, op.fi                                                               

FOR FURTHER INFORMATION, PLEASE CONTACT:                                        
Carina Geber-Teir, Senior Vice President, Corporate Communications, tel. +358   
(0)10 252 8394