Okobank Osuuspank.

Further re Agreement Signed

Okobank Osuuspankkien Keskuspankki
30 May 2000


In line with the preliminary agreement signed on May 16, 2000 the OKOBANK Group
Central Cooperative and OKOBANK Osuuspankkien Keskuspankki Oyj (buyers) have on
May 30, 2000 signed a contract of sale with Ilmarinen Mutual Pension Insurance
Company (seller) concerning Pohjola Group Insurance Corporation shares.

According to the contract the buyers purchase from the seller a total of 
1 178 705 Pohjola A-shares and 521 295 Pohjola B-shares at the price of EUR 92
per share.  These shares represent about 4.2 per cent of Pohjola's shares and
about 5.8 per cent of the voting rights.

OKOBANK Group Central Cooperative
OKOBANK Osuuspankkien Keskuspankki Oyj

Further information:

Mr Antti Tanskanen, Chairman & CEO of OKOBANK Group,  tel.  +358 9 404 2202
Mr Reijo Karhinen, Managing Director of OKOBANK Group Central Cooperative, 
tel. +358 9 404 4500
Mr Mikael Silvennoinen, Managing Director of OKOBANK Osuuspankkien Keskuspankki
Oyj, tel. +358 9 404 2549
Mr Markku Koponen, Assistant Director, tel. +358 9 404 2648