New President to Pohjola Asset Management Limited

POHJOLA BANK PLC

STOCK EXCHANGE RELEASE

10 February 2012, 9.30 am EET



New President to Pohjola Asset Management Limited



Pohjola Asset Management Limited, a subsidiary of Pohjola Bank plc, is appointing a new President: Mr Karri Alameri (48), Chief Investment Officer at OP Life Assurance Company Ltd, will begin on 10 February 2012.

Pohjola Asset Management Limited's Board has relieved Mr Mikko Koskimies, the current President, of his duties. At the same time, Pohjola Bank plc's Board has also relieved him of his Group Executive Committee membership, replacing him with Mr Alameri.



Mr Alameri's previous positions include Deputy Managing Director of Danske Capital and Deputy Managing Director of Mandatum Asset Management Ltd.



"Mr Alameri's expertise and vision and his long and wide experience in the financial sector are perfectly suited to Pohjola's and OP-Pohjola Group's desire to develop their asset management business. He knows OP-Pohjola Group well and has been in charge of investment operations for many years," says Mikael Silvennoinen, President and CEO of Pohjola Bank plc.



At this juncture, Pohjola Bank plc's Board of Directors has also decided to bring down the incentive schemes based on ownership in Pohjola Asset Management Limited and Pohjola Corporate Finance Ltd already in 2012 instead of 2013 as previously announced.



Pohjola Bank plc



Carina Geber-Teir

Chief Communications Officer



DISTRIBUTION

NASDAQ OMX Helsinki

LSE London Stock Exchange

SIX Swiss Exchange

Major media

pohjola.fi, op.fi



FOR MORE INFORMATION, PLEASE CONTACT

Mikael Silvennoinen, President and CEO, tel. 010 252 2549

Carina Geber-Teir, Chief Communications Officer, tel. 010 252 8394





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 2010. Pohjola is part of OP-Pohjola Group, the leading financial services group in Finland, which has over four million customers.

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