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Okobank Osuuspank. (09IA)

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Friday 10 December, 1999

Okobank Osuuspank.

Listing of New Shares

Okobank Osuuspankkien Keskuspankki
10 December 1999

OKOBANK'S NEW SERIES A SHARES LISTED ON DECEMBER 13, 1999

The Executive Board of OKOBANK Osuuspankkien Keskuspankki Oyj has approved a
request, which is in accordance with the Bank's Articles of Association, to
convert 35,480 of the Bank's Series K shares into a similar amount of Series A
shares. The conversion was entered into the Trade Register on December 10, 1999.

According to OKOBANK's Articles of Association, the Bank's shares are divided
into Series A and Series K. Series K share can be converted into Serie A share
based on the request of the shareholder within the limits of the minimum and
maximum amounts of the series defined in the Articles of Association.

The new Series A shares will be listed on the main list of the Helsinki
Exchanges on December 13, 1999. They carry the same rights as the shares listed
previously.  The number of listed Series A Shares will rise to 18 951 720.

OKOBANK Osuuspankkien Keskuspankki

Markku Koponen
Assistant Director

DISTRIBUTION
Helsinki Exchanges
Principal media

FURTHER INFORMATION
Mr Mikael Silvennoinen, Managing Director, tel. +358-9-404 2549
Mr Markku Koponen, Assistant Director,tel. +358-50-555 5151




             

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