123 Group cooperative banks accept the bid for Pohjola shares

| Source: OP Yrityspankki Oyj
OP-Pohjola Group Central Cooperative
Stock exchange release
20 February 2014, 5:00 pm

123 Group cooperative banks accept the bid for Pohjola shares

By 19 February 2014, a total of 123 OP-Pohjola Group cooperative banks undertook
to accept the public voluntary bid launched by OP-Pohjola Group Central
Cooperative on 6 February 2014 for Pohjola Bank plc's outstanding shares. The
consideration being offered amounts to 16.80 euros in cash for each Series A

In accordance with Chapter 9, Section 5 of the Securities Markets Act, OP-
Pohjola Group Central Cooperative hereby announces that its shareholding would
exceed 2/3 of the total number of Pohjola Bank plc shares, if the bid were
completed. Undertakings given by the cooperative banks would increase the
shareholding of OP-Pohjola Group Central Cooperative in Pohjola to around
67.08% of all shares and the votes conferred by the shares to 81.32% of the
votes, if the bid were completed.

OP-Pohjola Group Central Cooperative

Carina Geber-Teir
Chief Communications Officer

London Stock Exchange
Major media
pohjola.com, op.fi

Harri Luhtala, CFO, tel. +358 (0)10 252 2433
Carina Geber-Teir, tel. +358 (0)40 502 4607

OP-Pohjola Group is Finland's leading financial services group providing a
unique range of banking, investment and insurance services. The Group has the
mission of promoting the sustainable prosperity, well-being and security of its
owner-members, customers and operating regions through its local presence. Its
objective is to offer the best and most versatile package of loyal customer
benefits on the market. OP-Pohjola Group consists of some 180 member cooperative
banks and the Group's central institution, OP-Pohjola Group Central Cooperative,
with its subsidiaries and closely-related companies, the largest of which is the
listed company Pohjola Bank plc. With a staff of 12,000 OP-Pohjola Group posted
consolidated earnings of 705 million euros before tax in 2013 and had total
assets of 101 billion euros on 31 December 2013. The group has 4.3 million