Pohjola Bank to Issue Index-linked Bond in Equity Markets

On 21 December 2011, Pohjola Bank plc will issue an index-linked bond, Pohjola Kasvu-Osake XII/2011 (Pohjola Growth Equity XII/2011), 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 7 November 2011.

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: Fortum, Ericsson, Nordea, Metso, Nokia, Nokian Tyres, Stora Enso, TeliaSonera and UPM-Kymmene.

Pohjola 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 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 FURTHER INFORMATION, PLEASE CONTACT
Hanno Hirvinen, Executive Vice President, tel. +358 (0)10 252 2221


Pohjola Bank plc in brief
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 35,000. Pohjola's consolidated earnings before tax came to 308 million euros in 2010 and the balance sheet total amounted to 36 billion euros on 31 December 2010. Pohjola is part of OP-Pohjola Group, the leading financial services group in Finland with over four million customers.