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Pohjola Pankki Oyj : Pohjola Bank plc to redeem Lower Tier 2 subordinated note of EUR 170 million



Pohjola Pankki Oyj : Pohjola Bank plc to redeem Lower Tier 2 subordinated note
                              of EUR 170 million

Pohjola Bank plc
Stock Exchange Release
15 February 2013, 11.35 am

Pohjola Bank plc to redeem Lower Tier 2 subordinated note of EUR 170 million

Pohjola Bank plc (Pohjola) will redeem Lower Tier 2 subordinated note of EUR
170 million, which it issued in March 2008. According to the terms and
conditions, the note was to mature in 25 March 2018 but with the Finnish
Financial Supervisory Authority's permission the issuer has the right to call
in the note early in March 2013.

The note is listed on the London Stock Exchange.

On 31 December 2012, Pohjola Group's capital adequacy ratio under the Act on
Credit Institutions stood at 13.1%, Tier 1 ratio at 12.4%, Core Tier 1 ratio
at 10.6% and the capital adequacy ratio under the Act on the Supervision of
Financial and Insurance Conglomerates was 1.70.

The abovementioned redemption will reduce Pohjola Group's capital adequacy
ratio under the Act on Credit Institutions by 1.1 percentage points, Tier 1
ratio by 0.4 percentage points and the capital adequacy ratio under the Act on
the Supervision of Financial and Insurance Conglomerates by 0.03 (pro forma).
The redemption will not change the Core Tier 1 ratio.

Pohjola Group is part of OP-Pohjola Group. On 31 December 2012, OP-Pohjola
Group's Core Tier 1 ratio was 14.1%. Excluding the effect of transitional
provisions limiting the benefit of risk-based measurement methods, the above
ratio was 14.8%. On 31 December 2012, the Tier 1 ratio and the capital
adequacy ratio under the Act on Credit Institutions were at the same level as
the Core Tier 1 ratio. On the same date, OP-Pohjola Group's capital adequacy
ratio under the Act on the Supervision of Financial and Insurance
Conglomerates stood at 1.90.

The abovementioned redemption will reduce OP-Pohjola Group's Core Tier 1 Ratio
by 0.5 percentage points (pro forma). The other ratios above will also be
affected in the same way. The redemption will reduce OP-Pohjola Group's
capital adequacy ratio under the Act on the Supervision of Financial and
Insurance Conglomerates by 0.05 (pro forma).

Pohjola Bank plc

Carina Geber-Teir
Chief Communications Officer

For more information, please contact:
Vesa Aho, CFO, tel. +358 (0)10 252 2336
Hanno Hirvinen, Executive Vice President, tel. +358 (0)10 252 2221
Niina Pullinen, Senior Vice President, Investor Relations, tel. +358 (0)10 252
4494

Distribution
NASDAQ OMX Helsinki Ltd
LSE London Stock Exchange
SIX Swiss Exchange
Major media
op.fi and pohjola.com

Pohjola Bank plc is a Finnish financial services group which provides its
customers with banking, non-life insurance and asset management services. Our
mission is to promote the prosperity, security and wellbeing of our customers.
Profitable growth and an increase in company value form our key objectives.
Pohjola Group serves corporate customers in Finland and abroad by providing an
extensive range of financial, investment, cash-management and non-life
insurance services. We offer non-life insurance and private banking services
to private customers. Pohjola Series A shares have been listed on the Large
Cap List of the NASDAQ OMX Helsinki since 1989. The number of shareholders
totals around 32,000. Pohjola's consolidated earnings before tax came to 374
million euros in 2012 and the balance sheet total amounted to 45 billion euros
on 31 December 2012. Pohjola is part of OP-Pohjola Group, the leading
financial services group in Finland with over four million customers.

www.pohjola.com

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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Pohjola Pankki Oyj via Thomson Reuters ONE
HUG#1678590
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