OP-prime down

On 21 April 2015, OP Cooperative's Executive Board decided to reduce OP Financial Group's reference rate from 0.75% to 0.60%, effective as of 5 May 2015. The decision is based on lower market interest rates. OP-prime was last changed in November 2014.

FOR MORE INFORMATION, PLEASE CONTACT:
Reijo Heiskanen, Chief Economist, tel. [phone]

OP Financial Group is Finland's leading financial services group providing a unique range of banking, wealth management and insurance services. OP's mission is to promote the sustainable prosperity, security and wellbeing of its customer-owners, customers and operating regions. Its objective is to offer the best and most versatile package of loyal customer benefits on the market. OP Financial Group consists of about 180 member cooperative banks, its central institution OP Cooperative, and the latter's subsidiaries and affiliates. The Group has a staff of 12,000. OP Financial Group has 4.3 million customers.

As laid down in the applicable law, OP Cooperative and its member credit institutions are ultimately jointly and severally liable for each other's debts and commitments. The joint liability in the OP Financial Group is prescribed by the Act on the Amalgamation of Deposit Banks. Pohjola Bank plc and OP Mortgage Bank are responsible for OP's funding operations on money and capital markets. www.op.fi

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Source: Pohjola Pankki Oyj via Globenewswire

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