POHJOLA BK'A' 
By Press Release, 23 January 2012
The Finnish Competition Authority has approved OP-Pohjola Group Central Cooperative's acquisition of Skandia Life Finland's business. This regulatory approval is a major step forward in the implementation of the acquisition although its completion will require other regulatory approvals too.
The seller is Skandia Life Assurance Company Ltd, a subsidiary of Old Mutual plc, and the acquisition will be completed on or about 30 June 2012.
The acquisition will involve the transfer to OP-Pohjola of some 100,000 customers' unit-linked life and pension policies with total assets of around 1.3 billion euros (unaudited) as of 30 September 2011. The acquisition will require no action on Skandia Life customers' part
For more information, please contact:
Jarmo Kuisma, Managing Director, OP Life Assurance Company Ltd, tel. +358 (0)10 252 7891
Karri Alameri, OP Life Assurance Company Ltd, tel. +358 (0)10 252 8384
About OP-Pohjola Group
OP-Pohjola Group is Finland's leading financial services group providing a unique range of banking, investment and insurance services. The Group has the mission of promoting the sustainable prosperity, well-being and security of its owner-members, customers and operating regions through its local presence. Its objective is to offer the best and most versatile package of loyal customer benefits on the market. OP-Pohjola Group consists of some 200 Group member banks and the Group's central institution OP-Pohjola Group Central Cooperative with its subsidiaries and closely related companies, the largest of which is the listed company Pohjola Bank plc.
About Old Mutual plc
Old Mutual is an international long-term savings, protection and investment Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 15 million customers in Europe, the Americas, Africa and Asia. Old Mutual is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others. In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had 309 billion pounds of funds under management from core operations, and shareholders' equity of 9.0 billion pounds.
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Source: Pohjola Pankki Oyj via Thomson Reuters ONE
