Disclosure of shareholdings 10 April 2014

On 9 April 2014, Pohjola Bank plc received an announcement, in accordance with Chapter 9, Section 5 of the Securities Markets Act, from Ilmarinen Mutual Pension Insurance Company that Ilmarinen's ownership of Pohjola Bank plc after the execution of the trades on 8 April based on the Bid is below the threshold of 10% and 5% of the total number of Pohjola Bank plc shares and the threshold of 5% of the total votes conferred by the shares. As a result of the execution of trades based on the Bid, Ilmarinen Mutual Pension Insurance Company holds no Pohjola Bank plc shares.

Ilmarinen Pension Insurance Company's ownership of Pohjola Bank plc before the execution of trades on 8 April 2014 based on the Bid was as follows:
Number of shares: 31,955,142.
Proportion of all shares: 10.0%.
Number of votes: 31,955,142.
Proportion of votes: 5.42%.

Existing Pohjola Bank plc shares held by Ilmarinen Pension Insurance Company and votes conferred by the shares:
Number of shares: 0.
Proportion of all shares: 0%.
Number of votes: 0.
Proportion of votes: 0%.

The number of Pohjola Bank plc's registered shares totals 319,551,415 which represent a total of 589,717,611 votes.