Pohjola Bank plc to redeem its 60-million euro hybrid bond

Pohjola Bank plc
Stock exchange release
11 January 2016 at 15.00 pm EET

Pohjola Bank plc to redeem its 60-million euro hybrid bond

Pohjola Bank plc will redeem its 60-million euro hybrid bond with perpetual maturity issued in November 2005. It will be redeemed early, according to the bond terms and conditions, on the interest payment date of 28 February 2016.

This redemption will have no effects on Pohjola Group's or OP Financial Group's capital adequacy.

Pohjola Bank plc
Carina Geber-Teir
Executive Vice President, Corporate Communications

For more information, please contact:
Harri Luhtala, CFO, tel. +358 (0)10 25 22433
Elina Ronkanen-Minogue, Head of Asset and Liability Management and Group Treasury, tel. +358 (0)10 25 28767
Lauri Iloniemi, Head of Group Funding, tel. +358 (0)10 25 23541

Distribution
NASDAQ Helsinki
LSE London Stock Exchange
SIX Swiss Exchange
Major media
op.fi and pohjola.fi

Pohjola is part of the leading Finnish customer-owned financial services group, OP Financial Group. It provides its customers with banking, non-life insurance and asset management services. Pohjola acts as OP's central bank and is responsible, together with OP Mortgage Bank, for OP's funding in money and capital markets. As laid down in the applicable law, Pohjola, its parent company OP Cooperative and other OP Financial Group member credit institutions are ultimately jointly and severally liable for each other's debts and commitments. The joint liability within OP Financial Group is based on the Finnish Act on the Amalgamation of Deposit Banks Act (Laki talletuspankkien yhteenliittymästä).
www.pohjola.com