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Conversion of Pohjola Bank Series K shares into Series A shares

April 10, 2012 - London

Pohjola Bank plc
10 April 2012, at 10.00 am (EEST)

Conversion of Pohjola Bank Series K shares into Series A shares

A total of 773,028 Pohjola Bank Series K shares owned by the cooperative banks have been converted into Series A shares. The conversions were entered in the Trade Register on 10 April 2012.

The number of Series K shares fell from 68,381,645 to 67,608,617, and the number of Series A shares listed on NASDAQ OMX Helsinki grew from 251,169,770  to 251,942,798. The conversions do not affect the total number of shares, which is 319,551,415. Following the conversion, the shares correspond to 589,985,883 votes.

Trading in the now converted Series A shares will commence on NASDAQ OMX Helsinki on 11 April 2012.

Pohjola Bank plc

Carina Geber-Teir
Senior Vice President, Corporate Communications

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Niina Pullinen, Senior Vice President, Investor Relations, tel. +358 (0)10 252 4494

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 corporate 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 34,000. Pohjola's consolidated earnings before tax came to 258 million euros in 2011 and the balance sheet total amounted to 41 billion euros on 31 December 2011. Pohjola is part of OP-Pohjola Group, the leading financial services group in Finland with over four million customers.

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Source: Pohjola Pankki Oyj via Thomson Reuters ONE



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