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2015-04-21

Pohjola Pankki Oyj: OP-prime down

On 21 April 2015, OP Cooperative's Executive Board decided to reduce OP
Financial Group's reference rate from 0.75% to 0.60%, effective as of 5 May
2015. The decision is based on lower market interest rates. OP-prime was last
changed in November 2014.

FOR MORE INFORMATION, PLEASE CONTACT:

Reijo Heiskanen, Chief Economist, tel. 010 252 8354

OP Financial Group is Finland's leading financial services group providing a
unique range of banking, wealth management and insurance services. OP's
mission is to promote the sustainable prosperity, security and wellbeing of
its customer-owners, customers and operating regions. Its objective is to
offer the best and most versatile package of loyal customer benefits on the
market. OP Financial Group consists of about 180 member cooperative banks,
its central institution OP Cooperative, and the latter's subsidiaries and
affiliates. The Group has a staff of 12,000. OP Financial Group has 4.3
million customers.

As laid down in the applicable law, OP Cooperative and its member credit
institutions are ultimately jointly and severally liable for each other's
debts and commitments. The joint liability in the OP Financial Group is
prescribed by the Act on the Amalgamation of Deposit Banks. Pohjola Bank plc
and OP Mortgage Bank are responsible for OP's funding operations on money and
capital markets. www.op.fi

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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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