Disclosure of shareholdings 24 March 2014

On 24 March 2014, Pohjola Bank plc received an announcement of disclosure of shareholdings under Chapter 9, Section 5 of the Securities Markets Act from OP-Pohjola Group Central Cooperative that its holding exceeds 50% of all Pohjola Bank plc shares. OP-Pohjola Group Central Cooperative alone holds 50.28% of Pohjola Bank plc shares and 68.38% of the votes conferred by the shares. Together with controlled corporations' holdings, OP-Pohjola Group Central Cooperative holds 50.34% of Pohjola Bank plc shares and 68.41% of the votes conferred by the shares.

In accordance with Chapter 9, Section 5 of the Securities Markets Act, OP-Pohjola Group Central Cooperative has furthermore announced that its proportion of the total votes conferred by Pohjola Bank plc shares would exceed 90%, if the bid were completed. The acceptances by those who have issued their acceptance of the bid by 21 March 2014 would increase the total shareholding of OP-Pohjola Group Central Cooperative in Pohjola to 82.07% of all Pohjola shares and the votes conferred by the shares to 90.29% of all the votes, if the bid were completed.

Offeror's existing shares and votes:
Number of shares: 160,663,987.
Proportion of all shares: 50.28%.
Number of votes: 403,228,511.
Proportion of votes: 68.38%.

Shareholdings and votes by the offeror and its controlled corporations:
Number of shares: 160,855,299.
Proportion of all shares: 50.34%.
Number of votes: 403,419,823.
Proportion of votes: 68.41%.

If the bid were completed, holdings and votes by those who have issued their acceptance in view of the acceptances would be as follows:
Number of shares: 262,266,336.
Proportion of all shares: 82.07%.
Number of votes: 532,432,532.
Proportion of votes: 90.29%.

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