REDUCTION OF BANK OF ÅLAND PLC'S PRIME R

0520Bank of Åland Plc STOCK EXCHANGE ANNOUNCEMENT December 10, 2002, at 16.00 hrs REDUCTION OF BANK OF ÅLAND PLC'S PRIME RATE The Board of Management of Bank of Åland Plc has today decided to lower Bank of Åland's Prime Rate from 3.50 percent to 3.20 percent. The reduction will come into force from January 1, 2003. BANK OF ÅLAND PLC For further information contact Director Bengt Lundberg, Capital Markets Division, tel. +358 204 291188