Pohjola to Issue Index-linked Bond in Equity Market

4/12/2012, 9:01 AM (Source: GlobeNewswire)
Press release, 12 April 2012

On 6 June 2012, Pohjola Bank plc will issue an index-linked bond, Pohjola
Pohjoismaat VII/2012 (Pohjola Nordic Countries VII/2012), with a maximum nominal
volume of EUR 40 million. Targeted at retail investors, the bond with a maturity
of five years will be issued under Pohjola's domestic bond programme, with the
subscription period beginning on 23 April 2012.

The bond alternatives are Neutral and Plus with issue prices of 100% and 110%.
The index-linked yield is calculated by multiplying the return rate by the
relative positive change between the initial and final value of the equity
basket formed by quoted company shares.

The equity basket index comprises the following 9 companies with the same
weightings, selected by Pohjola Research: Carlsberg A/S (Denmark),
Telefonaktiebolaget LM Ericsson (Sweden), Fortum Oyj (Finland), Hennes&Mauritz
(Sweden), Nordea Bank AB (Sweden), Orkla ASA (Norway), Svenska Cellulosa
(Sweden), Sandvik AB (Sweden) and TeliaSonera AB (Sweden).

Pohjola Bank plc will act as the manager of the issue and the bond will be
listed on NASDAQ OMX Helsinki Ltd, provided that the volume issued is at least
the minimum as specified in the Rules and Regulations of NASDAQ OMX Helsinki.
The branches of OP-Pohjola Group member banks and op.fi/joukkolainat will serve
as subscription agents.

For more information, please contact: Mr Hanno Hirvinen, Executive Vice
President, tel. +358 (0)10 252 2221

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
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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