OP-Pohjola Group and Pohjola Bank plc

OP-Pohjola Group and Pohjola Bank plc (formerly OKO Bank)

OP-Pohjola Group Issuing entities Pohjola Bank plc and OP Mortgage Bank 2 Leading financial services provider in Finland Number one in Deposits, Loans, Non-life Insurance and Life Insurance One of the strongest capital bases in the Nordic area OP-Pohjola Tier 1 12.3% The strongest funding base in the Nordic area Deposits cover 65% of loans Liquidity buffer to cover 24 months ahead Finnish risk exposure Baltic exposure limited - EUR 113m

Finnish Economy

8 % Change in GDP volume 4 6 4 United States 2-2 -4-6 Finland Euro Area -8 9 91 92 93 94 95 96 97 98 99 1 2 3 4 5 6 7 8 9f 1f Sources: Reuters EcoWin, forecasts OP-Pohjola Group, August 29

GDP and demand components GDP shares in 28 in brackets 5 16 Index 15 14 13 Investment (2.6%) Exports (47.%) 12 Private consumption (51.7%) GDP 11 1 1 2 3 4 5 6 7 8 9f 1f Sources: Statistics Finland, OP-Pohjola-Group Government consumption (22.3%)

6 Finnish goods exports Machinery, equipment and transport equipment change -41.6% Electric and electronics industry products change -36.3% By product groups Share of total exports and annual change Other products change -9.8% Source: National Board of Customs 2.8% 11.6% 1-7/29 18.4% 16.6% 22.1% 1.5% Forest industry products change -31.9% Chemical industry products change -33.5% Metals and metal products change -51.2% Total exports 25.6 EUR Billion (change, -36.%) Other countries 39% Poland 3% Italy 3% By countries 1-7/29 France 4% Source: National Board of Customs China 5% Germany 1% Sweden 1% Russia 9% US 6% Netherlands 6% United Kingdom 5%

7 Unemployment rate in Finland 18 % 16 14 12 1 8 6 4 2 Seasonally adjusted 89 91 93 95 97 99 1 3 5 7 9 1 Source: Statistics Finland

12 1 % Consumer price index by commodity group Annual change 8 8 6 4 2 Housing Food -2-4 Transport CPI -6 26 27 28 29 21 Sources: Statistics Finland, OP-Pohjola Group

Average house prices 9 45 4 35 Index 1996=1 Ireland 3 25 United Kingdom 2 15 Finland Sweden 1 Spain 5 96 97 98 99 1 2 3 4 5 6 7 8 9 Source: Reuters EcoWin

1 35 3 25 2 15 1 5 %, of disposable income Households' debt ratio Norway Denmark Sweden Finland 98 99 1 2 3 4 5 6 7 8 Sources: Central Banks, Statistics Finland

11 Corporate debt low in international comparison 16 14 12 1 8 6 4 2 % of GDP Year 28 Finland Norway Denmark Sweden Corporate loans* Debt securities** Source: Eurostat, Consolidated Financial Accounts * Excl. loans between Finnish companies ** Commercial papers, corporate bonds and financial derivatives

12 Finnish companies are currently better prepared than in the 199s to confront a recession Early 199s Finnish interest rates (12- month Helibor) at 15% (199) Devaluation of Finnish markka by 14% in 1991 and by 27% in 1992 Corporate financing in foreign currencies in many cases Finnish companies equity ratio relatively poor Current account deficit accumulating during a decade preceding the economic slump ( 5% of GDP in 199) Impairments increased Now Interest rates (12-month Euribor) at 1 2% Finland is part of the eurozone Corporate financing mostly in euros Finnish companies equity ratio relatively good Current account surpluses accumulating over 15 years (+2% of GDP in 28) Corporate creditworthiness is expected to deteriorate and impairments to increase Sources: Statistics Finland, Bank of Finland, Pohjola Equity Research

13 Fiscal balance as % of GDP -3-6 -9 Luxembourg Fiscal balance and government debt Finland Netherlands Austria Germany France Belgium Euro Area Portugal Italy -12-15 29 21 Spain Ireland Greece 2 4 6 8 1 12 Debt as % of GDP Source: European Commission, Autumn Forecast 29

OP-Pohjola Group

15 Structure of OP-Pohjola and Roles of Group Entities

16 Joint Responsibility within OP-Pohjola Group Joint responsibility within OP-Pohjola Group is based on the Cooperative Banks Act. OP-Pohjola Group Central Cooperative and its member credit institutions are liable for each other's debts and commitments in accordance with the Act. On the basis of this joint responsibility, the Central Cooperative and the member credit institutions are jointly and severally responsible for the debts of the central institution or a member credit institution which is in liquidation or in bankruptcy in the event that these debts cannot be paid from its funds. The liability is apportioned among the Central Cooperative and the member credit institutions in proportion to the total assets in the most recently adopted balance sheets. OP-Pohjola Group's insurance companies do not fall within the scope of joint responsibility.

4 % 35 3 25 2 15 1 5 OP- Pohjola Group OP-Pohjola The leading financial services provider in Finland Market share in deposits 31 December 28 Nordea Danske Bank Source: Federation of Finnish Financial Services 35 % 3 25 2 15 1 5 Aktia Local Ålandsbanken cooperative banks OP- Pohjola Group Nordea Savings banks Market share in loans 31 December 28 Danske Bank Source: Federation of Finnish Financial Services Savings banks Handelsbanken Handelsbanken Aktia Local Ålandsbanken cooperative banks Tapiola Bank 35 % 3 25 2 15 1 5 OP-Pohjola Group* Market share in non-life insurance premiums written 28 Domestic direct insurance If Tapiola** Fennia Local Others Insurance*** *Pohjola Non-Life, A-Insurance, Eurooppalainen, OVY **incl. Turva ***incl. Palonvara 35 % 3 25 2 15 1 5 OP-Pohjola Group * Mandatum Life and Kaleva Market share in life insurance Nordea Gross premiums written 28 Mandatum Life* Source: Federation of Finnish Financial Services Skandia Tapiola Others Source: Federation of Finnish Financial Services 17

18 OP-Pohjola Group and Pohjola Bank Key figures OP-Pohjola Group Pohjola Bank OP-Pohjola Group Pohjola Bank EUR million 1-9/9 1-9/9 28 28 Total assets 78 654 34 76 75 746 32 448 Receivables from customers 52 787 11 519 51 78 12 279 Deposits 34 297 3 67 34 533 3 58 Equity capital 6 42 2 26 5 215 1 64 Tier 1, % 12,3 11,3 12,6 9,4 Non-performing claims 28 5 23 35 Non-performing and zero-interest bearing receivables of loans and guarantees, %,5,36,4,3 Loan and guarantee portfolio, EUR bn 55,4 13,6 53,9 14,1 Impairments of receivables, EUR m 127 95 58 28 Impairments of receivables / loan and guarantee portfolio, % *,23,7,11,2 Personnel 12 528 2 955 12 752 2 986 * OP-Pohjola Group shows this figure as an annualised one. The figure presented in the table is the actual figure reported for the period.

19 OP-Pohjola Group and Pohjola Bank Income Statement OP-Pohjola Group Pohjola Bank OP-Pohjola Group Pohjola Bank EUR million 1-9/9 1-9/9 28 28 Net interest income 825 177 1 189 174 Impairments of receivables 127 95 58 28 Net interest income after impairments 697 83 1 131 146 Net income from non-life insurance 32 37 345 353 Net income from life insurance -89-139 Net commissions and fees 371 12 433 122 Other income 153 85-6 -33 Total net income 1 434 576 1 764 589 Personnel costs 468 142 598 178 Other expenses 451 224 64 293 Total expenses 92 366 1 238 47 Returns to owner-members and OP-bonus customers Earnings before tax 121 393 211 154 372 119 Change in fair value reserve 546 213-737 -252 Earnings/loss before tax at fair value 939 424-365 -133

2 OP-Pohjola Group and Pohjola Bank Ratios OP-Pohjola Group Pohjola Bank OP-Pohjola Group Pohjola Bank 1-9/9 1-9/9 28 28 Net interest margin, % 1,5* 1,21** 1,7*,94** Cost/ income ratio, Banking, % 52 34 *** 54 46 *** Return on equity (ROE) at fair value, % 16,4 21,8-6, -5,6 Return on assets (ROE) at fair value, % 1,2 1,3 -,5 -,3 Non-life Insurance, Solvency ratio, % 89 89 66 66 Life Insurance, Solvency ratio, % 12,4 6,2 * Net interest income as a % of average total assets ** Pohjola Bank plc, Average margin of corporate loan portfolio *** Pohjola Bank plc, Cost /income ratio, Banking

OP-Pohjola Group The amalgamation of the cooperative banks Capital resources and capital adequacy 21 6 6, million 5 24 24% 2 4 3 12,4 12,6 12,1 12, 12,3 16 12 Subordinated loans 2 8 Tier 1 capital resources excl. subordinated loans 1 4 Sept. 28 Dec. 28 March 29 June 29 Sept. 29 Capital adequacy ratio, % Since 3/28 In accordance with Basel II Standard approach in retail exposure

15.1% Core Tier 1 Compared with Peers Core Tier 1 ratio of Western European and Nordic banks under Basel II, including transitional rules Pohjola has not used any Government support packages during current financial crisis. Pohjola has neighter used any special arrangements or structures to decrease its risk-weighted assets (such as securitisation or sale of assets, credit risk hedges etc.). 22 Julius Bear OP-Pohjola UBS Sydbank Credit Suisse Jyskebank SEB Spar Nord Nordea Pohjola Société Générale Popular Standard Chartered Danske Bank Deutche Bank BBVA Santander Banco Sabadell Swedbank Banesto DnB NOR Erste Bank 11.8% 11.5% 11.1% 1.9% 1.9% 1.9% 9.6% 9.4% 9.2% 8.6% 8.6% 8.4% 8.2% 8.1% 8.% 7.7% 7.7% 7.7% 7.5% 6.8% 6.5% Source: Company data. Note Capital ratios calculated under Basel 2 exl. transitional rules. Ratios are based on Q2/9 Reported figures. Core Tier 1 capital is defined as tier 1 capital less hybrid capital.

OP-Pohjola Group s and Pohjola s Loan and funding structure Q3/29 23 1. 8. % 52.4 bn 11.2 bn Other sectors 3.2 Corporate 29.4 Long-term 16.2 Short-term 17.8 Other sectors 13.1 Long-term 39.1 6. 4. Household 67.4 Deposits 66. Corporate 79.6 Short-term 51.9 2.. OP-Pohjola loans OP-Pohjola funding Household 7.3 Pohjola loans Deposits 9. Pohjola funding

24 OP-Pohjola Group Corporate exposure by sector Q3/29 1 Renting and operation of residential real estate 16.2 % 2 Wholesale and retail trade 1.3 % 3 Other renting and operating of real estate 8.9 % 4 Manufacture of machinery and and equipment (incl. services) 7.7 % 5 Construction 7.5 % 6 Services 7. % 7 Transportation and storage 5.7 % 8 Forest Industry 5.2 % 9 Metal Industry 4.1 % 1 Buying and selling of ow n real estate 4.1 % 11 Chemical Industry 3.7 % 12 Energy 3.5 % 13 Financial and insurance services 3.4 % 14 Food Industry 3.3 % 15 Other manufacturing 3.1 % 16 Agriculture, forestry and fishing 2.5 % 17 Information and communication 2.4 % 18 Water supply, sew erage and w aste management.6 % 19 Mining and quarrying.6 % 2 Other industries.2 % 1% 4 3 5 3 2 5 2 1 5 1 5 million OP-Pohjola Group Corporate exposure by sector a total of EUR 24.5 billion Q3/29 31 Dec. 28 3 Sept. 29 1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 17 18 19 2

OP-Pohjola Group Corporate exposure by credit rating category 25 6 5 4 3 % 48,3 47, 44,7 43,9 27,3 27, 25,2 28,1 Rating category Moody's Fitch S&P 1, - 2, Aaa - Aa1 AAA - AA+ AAA - AA+ 2,5-5, Aa2 - Baa3 AA - BBB- AA - BBB- 5,5-7, Ba1 - Ba3 BB+ - BB- BB+ - BB - 7,5-9, B1 - B3 B+ - B- B+ - B- 9,5-1, Caa1 - C CCC+ - C CCC+ - C 11, - 12, D D D 2 14,7 15,2 16,8 14,9 1 3, 3, 3,5 3, 1,7 1,6 1,9 1,8 1,3 1,4 1,8 1,6 3,8 4,8 6,2 6,8 1-2 3-5 6-7 8-9 1 11-12 Non-rated 28 Q1/29 Q2/29 Q3/29

26 OP-Pohjola Group Impairments of receivables / Loan and guarantee portfolio Q1-Q3/9.23% 8 million 6 4 2-2 Q1 Q2 Q3 Q4/8 Q1 Q2 Q3 Q4/9 Gross impairment losses* Reversals Net impairment losses * Includes group-specific net impairment losses

OP-Pohjola Group 27 Issued Senior Debt by Maturity million 4 5 Pohjola OP- Mortgage Bank 4 3 5 3 2 5 2 1 5 1 5 29 21 211 212 213 214 215 216

28 Pohjola Bank Liquidity portfolio Financial assets included in liquidity reserve EUR million by maturity and credit rating on 3 September 29 Year 1 1 3 3 5 5 7 7 1 1 Total % AAA 1 91 1 777 1 62 47 286 12 5 346 56 % AA 1 26 562 558 68 3 22 2 51 26 % A 173 544 196 8 7 11 1 11 11 % BBB 35 57 48 17 18 174 2 % BB+ or lower 15 1 25 % rated 14 155 137 3 1 48 4 % Total 2 663 3 95 2 575 648 351 135 9 467 1 %

Pohjola Bank Non-life Insurance - Allocation of investment portfolio 29 % 1 2 482 M 2 57 M 2 415 M 2 831 M 3 % 2 % 6 % 12 % 8 3% 2% 11% 15% Money market 6 72% 72 % 69% 69 % 7% 7 % 68% 73 % Bonds and bond funds Private Equity 4 Equities 2 5% 13% 3% 4% 4 % 4% 5 % 2 % 14% 13 % 4% 4 % 3% 13 % 8 % 4% 4 % 4% 7% 7 % 5% 5 % 4% 6 % 4 % 4% 6% 6% 3 % 4 % 6 % 5 % 26 27 28 1-9/9 Alternative investments Real estate

Pohjola Bank Non-life Insurance Net investment income and change in fair value reserve million 15 3 1 5-5 -1 Q3/7 Q4/7 Q1/8 Q2/8 Q3/8 Q4/8 Q1/9 Q2/9 Q3/9 Net investment income on income statement Change in fair value reserve Net investment income at fair value

OP Life Assurance Allocation of investment portfolio 31 3 938 M 3 854 M 3 923 M 3 955 M 4 114 M 1 % 9 % 8 % 8 % 8 % 8 % 7 % 8 % 7 % 6 % 5 % 4 % 3 % 2 % 1 % % 15 % 12 % 13 % 14 % 13 % 4 % 8 % 14 % 5 % 14 % 4 % 5 % 8 % 14 % 14 % 15 % 19 % 14 % 6 % 2 % Q3 28 Q4 28 Q1 29 Q2 29* Q3 29 Real estate Alternative investments Equities Bond investments Money market investments

OP Life Assurance Net investment income and change in fair value reserve 32 6 milj. 4 2-2 -4-6 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28 Q1 / 29 Q2 / 29 Q3 / 29 Net investment income on income statement Change in fair value reserve Net investment income at fair value

Credit Ratings*) Moody's Investors Standard Fitch Service & Poor s Ratings Pohjola Bank Aa2**) AA- AA-**) Handelsbanken Aa2 AA- AA- Nordea Aa2 AA- AA- DnB NOR Aa3 AA-**) A+ Danske Bank Aa3 A+**) A+ SEB A1**) A**) A+ Swedbank A2**) A**) - OP Mortgage Bank ****) Aaa AAA Pohjola Insurance***) A2 A+ - If ***) A2 A - 33 Finnish sovereign Aaa AAA AAA *) long-term debt **) with negative outlook ***) insurer financial strength ****) covered bond rating Target for rating: AA rating issued by at least two credit rating agencies

Pohjola Bank plc in Brief

35 Pohjola Bank in Brief Pohjola Group provides banking, asset management and non-life insurance services. It ranks among the leading players in the Finnish financial sector. Serving businesses, institutions and private individuals, the Group provides an extensive package of banking and insurance services which are convenient for customers while supporting corporate customers' business. With over 35, shareholders, Pohjola Bank plc Series A shares are quoted on the NASDAQ OMX Helsinki. Pohjola aims to grow through all of its business divisions and strengthen its market position further. The company places a strong emphasis on profitability throughout its operations and is also committed to strong capitalisation and a shareholder-friendly dividend policy. Pohjola is part of OP-Pohjola Group, the leading financial services group in Finland with over four million customers.

Pohjola Bank Business Structure 36 Pohjola Bank plc Banking Asset Management Non-life Insurance Group Functions Corporate Banking Markets Baltic Banking Institutional Customers Private Customers Corporate Customers Private Customers Baltic States Finance incl. Group treasury Risk management HR services Corporate communications

Pohjola Bank s competitive of business model has been demonstrated across business areas 37 Banking Margins and market share in corporate loans have developed favourably Currently ranking number two with a market share of 19.7 per cent 1) 1) Share of corporate lending in Euros in Finland Deposit banks' corporate loan portfolio until Dec. 22 The proportion as of Jan. 23 based on a new statistical basis of the Bank of Finland Non-life Non-Life Insurance Leading non-life insurer in Finland for second consecutive year, market share 27.5 per cent 2) Strong underwriting profitability (operating combined ratio of 86.7 per cent in 1-9/9) 2) Market share of domestic direct premiums written. 28 based on preliminary data as of March 29 Asset Management Leading position in asset management for institutions based on AUM (asset management and mutual funds) 3) 3) % of total amount of funds under external management (excluding insurance companies) 25 figures include only former OKO Bank asset management (not then-pohjola Group s asset management activities % 25 2 15 1 5 Source: 9/ Bank 9/1of 9/2 Finland9/3 9/4 9/5 9/6 9/7 9/8 9/9 % 4 35 3 25 2 15 1 5 3 25 2 15 1 5 21 22 23 24 25 26 27 28 Pohjola If/Sampo Tapiola Fennia Lähivakuutus Others Source: Federation of Finnish Insurance Companies Pohjola Company2 Company1 Company3 25 26 27 28 Source: SFR. Based on interviews and answers by institutional investors with disclosed investment size 99 19.7% 28 27.5% 28 24.%

Pohjola Bank Consolidated Earnings 38 rolling 12Mo 28 million 7-9/9 7-9/8 1-9/9 1-9/8 Net interest income 58 45 177 12 231 174 Impairments 41 11 95 8 115 28 Net interest income after impairments 17 34 83 113 116 146 Net income from Non-life Insurance 114 98 37 28 38 353 Net commissions and fees 36 28 12 91 133 122 Net trading income 27-26 6-72 51-81 Net investment income 1-8 9-11 6 Other operating income 11 1 33 3 45 42 Total income 26 145 576 45 715 589 Total expenses 119 12 366 337 499 47 Earnings before tax 87 43 211 114 216 119 Change in fair value reserve 19-82 213-181 142-252 Earnings/loss before tax at fair value 196-39 424-67 358-133 Earnings per share,,2,12,54,33,57,36

Pohjola Bank Financial Targets over the economic cycle 39 million Target 1-9/9 1-9/8 Group Return on equity at fair value, % 13 21.8-3.9 Tier 1 ratio, % > 9.5 11.3 9.9 Banking Operating cost/income ratio, % < 4 34 45 Asset Management Operating cost/income ratio, % < 5 6 6 Non-life Insurance Operating combined ratio, % 92 86.7 9. Operating expense ratio, % < 2 21.7 2.6 Solvency ratio, % 7 89 65 Dividend policy: We aim to distribute a minimum of 5% of earnings per share in dividends, provided that Tier 1 stands at a minimum of 9.5% Target for rating AA rating issued by at least two credit rating agencies

OP Mortgage Bank in Brief

41 The Finnish Housing Market an Overview Ownership ratio of households around 65%. Average size of dwellings 79 m². Floor space per occupant 38,3m² Typical maturity in new loans 18-25 years. Variable interest rates: over 95% of all loans. Average annual housing starts around 3,. 28 % interest relief in taxation (limited). Capital gains exempt after 2 years.

Mortgage Market and House Price Growth 42 The lending volume in the Finnish mortgage market has increased a lot over the past years, which has driven up the nominal house prices. In real terms, house price development has been more muted and as per the average net income the increase in house prices have been very stable over a long period of time. Mortgage lending volyme EUR bn 8 7 6 5 4 3 2 1 96 97 98 99 1 2 3 4 5 6 7 8 9 Finnish banks total OP-Pohjola Group Index 4 35 3 25 2 15 1 5 Housing price development 1983=1 83 85 87 89 91 93 95 97 99 1 3 5 7 9 Nominal prices Real prices As per average net income of households

43 Highlights of the Act on Mortgage Credit Banks Special Banking principle. Segregation of assets in Cover Register. Tight LTV restriction on eligible assets at 6%. OC protected by law* Continuity of Cover Pool and Covered Bonds at issuer default. Regulated by Finnish FSA. *Overcollateralisation

44 OP Mortgage Bank in Brief OP Mortgage Bank is a special purpose bank operating under the Act on Mortgage Credit Banks The sole purpose of the bank is to raise funds for the member banks of the OP-Pohjola Group by issuing covered bonds with mortgage collateral The outstanding covered bonds of OP Mortgage Bank are rated AAA by S&P and Aaa by Moody s OP Mortgage Bank is a 1% owned subsidiary of the OP- Pohjola Group Central Cooperative OP Mortgage Bank fully benefits from the joint and several liability based on the Cooperative Bank Act. However since assets in its Cover Asset Pool are ring-fenced the noteholders have a right to receive what is due to them before all other debtors

45 OPMB Operational Model OPMB is a funding vehicle for the Member Banks: Subject to strict eligibility criteria: Existing loans may be transferred from member banks into OPMB. Origination can be done directly into OPMB where the Member Cooperative Bank will act as a broker agent. OPMB utilises the current structure of the cooperative and outsource inter alias: Origination and servicing of assets to the Member Cooperative Banks. Risk management, IT-services, accounting etc. to Central Cooperative. Interest rate risk management to Pohjola Bank.

46 Mortgage Borrower Operational Model and Roles Central Cooperative - Accounting -IT - Administrative. Legal issues etc - Collection Member Cooperative Banks - Loan origination - Servicing Loans are sold into OPMB OP Mortgage Bank - Lending criteria* - Pool management and analyses - Investor reporting - Bond issuing Issues under the program Pohjola Bank - Swap counterparty - Short term funding provider - Legal Issues/Capital Markets Investors *Basic lending criteria for the group are set by Central Cooperative. OP Mortgage Bank can set additional limits

47 Main Features of OP Mortgage Bank cover asset pool as of September 29 Collateralized by first ranking Finnish mortgages. Current balance EUR 2,4 billion. Weighted Average unindexed LTV of 51 % Average loan size of approximately EUR 6. No loans over 9 days in arrears ongoing Variable interest rates: over 95 % of all loans Hedging agreements in place in order to mitigate interest rate risk. Total amount of Covered Bonds issued EUR 2. billion.

OPMB Asset pool characteristics - loans by size 48 6 12 5 1 Balance (EUR m) 4 3 2 8 6 4 Loan Count 1 2-25 25-5 5-75 75-1 1-125 125-15 15-175 175-2 2-225 225-25 25-275 275-3 3- Loan Size (EUR t) Loan Current Balance Loan Count

OPMB Asset pool characteristics - loans by LTV 49 12 18 1 15 Balance (EUR m) 8 6 4 2 12 9 6 3 Loan Count -1 1-2 2-3 3-4 4-5 5-6 OC (* Effective LTV Loan Current Balance Loan Count *) the black portion of the OC presents the parts of loans in the LTV range of 6-85

OPMB Asset pool characteristics - loans by origination year 5 Balance (EUR m) 8 7 6 5 4 3 2 1 8. 7. 6. 5. 4. 3. 2. 1. Loan Count <1997 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 Origination Year Loan Current Balance Loan Count

25 2 OPMB Asset pool characteristics - loans by maturity 15 1 5 25 2 15 1 5 51 >239 239 238 237 236 235 234 233 232 231 23 229 228 227 226 225 224 223 222 221 22 219 218 217 216 215 214 213 212 Maturity Year 211 21 29 Balance (EUR m) Loan Count Loan Current Balance Loan Count

52 OPMB Asset pool charactiristics -Geographical distributions 2 % 1 Southern Finland 2 Western Finland 3 Eastern Finland 4 Oulu region 5 Lapland 6 Åland 35 % 12 % 5 % % 46 %

53 Investor Relations Contacts CFO Mr Jouko Pölönen Tel. +358 1 252 345 jouko.polonen@pohjola.com SVP, Investor Relations Ms Tarja Ollilainen Tel. +358 1 252 4494 tarja.ollilainen@pohjola.com Head of Group Treasury Mr Hanno Hirvinen Tel. +358 1 252 2221 hanno.hirvinen@pohjola.com Head of Group Funding Mr Lauri Iloniemi Tel. +358 1 252 3541 lauri.iloniemi@pohjola.com

Thank you for your attention