Deutsche Bank appointed financial advisor to Pohjola Group plc Board of Directors

10/4/2005, 7:32 AM (Source: GlobeNewswire)

OKO Bank (OKO) announced in their stock exchange release of 12
September 2005 that they had acquired the majority of the shares in
Pohjola Group plc. At the same time, OKO announced that they will
make a public tender offer for the remaining Pohjola shares by
approximately the end of October.

The Pohjola Board of Directors will issue a statement in due course
on the planned tender offer of OKO, in accordance with prevailing
practice. The Board has appointed investment bank Deutsche Bank as a
financial advisor to assist the Board in the evaluation of OKO's
offer. Merilampi Marttila Laitasalo Attorneys at Law Ltd will act as
the legal advisor.

POHJOLA GROUP PLC
Board of Directors


Ilkka Salonen Olavi Nieminen
Chief Financial Officer General Counsel


FOR MORE INFORMATION, please contact
Mr Martin Granholm, Deputy Chairman of the Board, tel. +358 10 559
6771


DISTRIBUTION
Helsinki Stock Exchange
Finnish Financial Supervision Authority
Main news media
www.pohjola.com
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