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2014-04-24

Pohjola Pankki Oyj: Changes in Pohjola's management responsibilities as of 1 October 2014

Pohjola Bank plc

STOCK EXCHANGE RELEASE
24 April 2014, at 2.15 pmChanges in Pohjola's management responsibilities as of 1 October 2014
Based on a decision by the Supervisory Board of OP-Pohjola Group Central
Cooperative on 24 April 2014,Jouko Pölönen
, President and CEO of Pohjola, has been appointed a member of the Executive
Board of OP-Pohjola Group Central Cooperative and Senior Executive Vice
President of OP-Pohjola Group's Banking as of 1 October 2014.

According to the plan, Jouko Pölönen will also act as Managing Director of the
major bank in the Helsinki Metropolitan Area consisting of Pohjola Banking
and Helsinki OP Bank Plc. According to the plan,Olli Lehtilä
, Managing Director of Helsinki OP Bank Plc, will take up his duties as
President of Pohjola Insurance Ltd on 1 October 2014.

This change represents a continuation of the public voluntary bid announced
last February for all Pohjola Bank shares and of the decision to delist the
shares. On 6 February 2014, OP-Pohjola Group Central Cooperative announced
that it would make a public bid for all Pohjola Bank plc shares. According to
information received by Pohjola, all of the conditions for executing the bid
have been fulfilled based on the preliminary results announced in early April
and OP-Pohjola Group Central Cooperative has decided to execute the bid
according to its terms and conditions.

As long as Pohjola Bank plc Series A shares are listed on NASDAQ OMX Helsinki,
the existing responsibilities and reporting relationships of Pohjola's
Executive Committee will remain unchanged.

OP-Pohjola will issue a separate press release relating to changes in the
management system.

Pohjola Bank plc

Carina Geber-Teir
Chief Communications Officer

For any requests for interviews, please call: OP-Pohjola Communications, tel.
+358 (0)50 523 9904

DISTRIBUTION
NASDAQ OMX Helsinki
LSE London Stock Exchange
SIX Swiss Exchange
Major media
pohjola.com, op.fi
Pohjola is a Finnish financial services group which provides its customers
with banking, non-life insurance and asset management services.
Pohjola's mission is to promote the prosperity, security and wellbeing of its
customers.
Key targets include profitable growth and increasing the company's value.
Pohjola Group serves corporate customers in Finland and abroad by providing an
extensive range of financial, investment, cash management and non-life
insurance services.
For private customers, the Group provides non-life insurance and private
banking services.
Pohjola Series A shares have been listed on the Large Cap List of the NASDAQ
OMX Helsinki since 1989. Pohjola's consolidated earnings before tax amounted
to 473 million euros in 2013 and the balance sheet total amounted to 44
billion euros on 31 December 2013. Pohjola is part of OP-Pohjola Group, the
leading financial services group in Finland
with 4.3 million customers.
www.pohjola.com

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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: Pohjola Pankki Oyj via Globenewswire

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