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OKO Bank Plc (31VN)

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Friday 29 June, 2007

OKO Bank Plc

Dispute/Pohjola share price

29 June 2007

OKO Bank plc                     COMPANY RELEASE: Company Announcement
                                 29 June 2007

OKO Bank Plc Settles Dispute over Pohjola Share Redemption Price with Several
Significant Minority Shareholders

OKO Bank Plc and several former Pohjola Group plc's (Pohjola) minority
shareholders (eg Uccellone Enhancement Fund Ky, Juha Mikkonen and Peter
Fagernas) have agreed that the arbitral award issued by the Arbitral Tribunal
on 2 May 2007, regarding the redemption price of Pohjola shares, will remain
final between the parties involved and that the parties will not present claims
against one another in the district court. This agreement applies to an
approximate total of 62.4% of all of the disputed Pohjola shares held by
minority shareholders.

The pre-share redemption price of EUR 14.35, based on the Tribunal's decision,
is one (1) euro higher than the EUR 13.35 previously bid by OKO Bank.

Certain other minority shareholders have notified OKO Bank of their intention of
appealing the arbitral award. For this reason, OKO Bank has also decided to
appeal the arbitral award, in respect of matters other than agreed, and demand
that the district court confirm the per-share redemption price at EUR 13.35.

Owing to the appeal, OKO Bank will pay the amounts of the arbitral award, plus
interest, only to minority shareholders who will notify OKO Bank of accepting
the arbitral award. By 13 July 2007, OKO Bank will separately notify every
minority shareholder in writing of the related procedure.

OKO Bank plc

Markku Koponen
Senior Vice President

Helsinki Stock Exchange
Major media

FOR MORE INFORMATION, please contact
Mr Mikael Silvennoinen, President and CEO, tel. +358 10 252 2549
Mr Timo Ritakallio, Deputy CEO, tel. +358 10 252 4322

                      This information is provided by RNS
            The company news service from the London Stock Exchange