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Kuntarahoitus Oyj: The ECB granted Municipality Finance permission to classify its shares as CET1 instruments

Municipality Finance Plc

Stock exchange release
4 May 2016 at 11.30 a.m. (EET)

The ECB granted Municipality Finance permission to classify its shares as CET1

The Annual General Meeting of Municipality Finance Plc ("MuniFin"), held on 22
March 2016, decided to amend the company's Articles of Association by
removing the company's right to redeem its own shares in order to meet the
requirements of Regulation (EU) No 575/2013 (Capital Requirements Regulation)
for Common Equity Tier 1 instruments. After the decision of the AGM, MuniFin
applied for an approval from the European Central Bank ("ECB") for inclusion
of the shares into the company's CET1 capital. On 3 May 2016, the ECB granted
MuniFin permission to classify all of its existing share capital instruments
as Common Equity Tier 1 instruments.


Mari Tyster
Executive Vice President, Administration and Legal Affairs
tel. +358 50 3686 860

MuniFin's (Municipality Finance Plc) mission is to ensure competitive
financial services for its customers in all market conditions. MuniFin's
balance sheet totals nearly EUR 34 billion, making it the third largest
credit institution in Finland and an integral part of the Finnish public

The company is owned by Finnish municipalities, the public sector pension fund
Keva and the Republic of Finland. Its customers are Finnish municipalities,
municipal federations, municipally controlled companies and non-profit
housing corporations. Importantly, a
significant portion of lending is used for socially responsible projects such
as building hospitals, healthcare centers, schools, day care centers and
homes for the elderly.

MuniFin's funding is primarily obtained through the international capital
markets. The funding is guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial
Advisory Services Inspira Ltd.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kuntarahoitus Oyj via Globenewswire


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