Exercise of a Call Option

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RNS Number:7850Y
Oko Osuuspankkien Keskuspankki OYJ
18 May 2004







OKO BANK


Stock Exchange Announcement

May 18, 2004



EXERCISE OF A CALL OPTION


In accordance with the terms and conditions of the OKO Osuuspankkien
Keskuspankki Oyj (OKO Bank) Euro 50,300,000 Step-Up Coupon Floating Rate Notes due
2009, ISIN: XS0098487548, OKO Bank will exercise its Call Option value June 15,
2004.




OKO Bank



Markku Koponen
Senior Vice President





FURTHER INFORMATION:
Mr. Markku Koponen, Tel. +358 9 404 2648














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