Implementation of the merger between Bank of Ã…land Plc and Ã…landsbanken Asset Management Ab and the issuance of Series B shares

Bank of Ã…land Plc

Stock exchange release

May 26, 2015, 9.00 a.m.

The Board of Directors of the Bank of Ã…land Plc (Ã…landsbanken Abp) has decided that the merger process initiated between the Bank of Ã…land Plc and Ã…landsbanken Asset Management Ab shall be completed and the merger shall thereby be implemented. The plan is to carry out the merger on June 1, 2015.

In connection with the merger, a targeted issue of 762,912 Series B shares will be carried out as part of the payment of the merger consideration. In addition, a cash amount equivalent to 10 per cent of the value of the newly issued shares will be paid.

Bank of Ã…land Plc

For further information, please contact:

Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel +358 40 512 7505