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Okobank Osuuspank. (09IA)

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Friday 11 February, 2000

Okobank Osuuspank.

Conversion of Shares

Okobank Osuuspankkien Keskuspankki
11 February 2000

                    OKOBANK'S NEW SERIES A SHARES REGISTERED

A total of 15 614 502 OKOBANK's new Series A shares were entered into the Trade
Register on February 11, 2000. The new shares are former Series K shares that
have been converted into Series A shares. OKOBANK's Executive Board accepted the
conversions on January 24, 2000.

159 OKOBANK Group member banks and the OKOBANK Group Central Cooperative made
the conversion requests. Of the total amount of shares now being converted, the
member banks' share is 4 614 502 shares and the OKOBANK Group Central
Cooperative's share is 11 000 000 shares.

The new shares will be quoted on Helsinki Exchanges as of February 14, 2000. 
Listing particulars are available at OKOBANK's headquarters, Teollisuuskatu 
1 b, Helsinki, Finland.



FURTHER INFORMATION:
Ms Marja Huhta, Assistant Director, Tel. +358-9-404 2037

                                                                            

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