Okobank Osuuspank.

Conversion of Securities

Okobank Osuuspankkien Keskuspankki
9 June 2000


OKOBANK'S SERIES K SHARES CONVERTED INTO SERIES A SHARES

198 890 Series K shares of OKOBANK Osuuspankkien Keskuspankki Oyj, owned by the
member cooperative banks have been converted into Series A shares.  The changes
have been entered into the Trade Register on June 9, 2000.  The number of Series
K shares decreased from 12 138 778 to 11 939 888.  The number of Series A
shares, listed on the main list of the Helsinki Exchange increased from 34 566
222 to 34 765 112.  The conversion has no impact on the total amount of the
shares which is 46 705 000 or on the amount of the share capital which is EUR
196 427 688.44.

The converted shares will be quoted on Helsinki Exchanges as of June 12, 2000. 
Listing particulars are available at OKOBANK's headquarters, Teollisuuskatu 1 b,
Helsinki.

FURTHER INFORMATION

Mr Mikael Silvennoinen, Managing Director, tel. +358-9-404 2549
Mr Markku Koponen, Assistant Director, tel. +358-9-404 2648