Nordea Bank AB (publ)
Change of Registered Office

COPENHAGEN, DENMARK — (Marketwired) — 09/06/17 — The Nordea Bank
AB (publ) (EURONEXT PARIS: TEMP) (EURONEXT PARIS: XHFT) Board of
Directors initiates a re-domiciliation of the parent company to
Finland – operations in all Nordic home markets remain unchanged

At the Board meeting held on 6 September 2017, the Nordea Bank AB
(publ) Board of Directors decided to initiate a re-domiciliation of
the parent company from Sweden to Finland. All operations in the
Nordic home markets will remain unchanged and there will be no change
in our day-to-day operations from a customer perspective. Only a
limited number of employees are expected to be affected and Nordea
will continue to be a major tax payer in all four home markets.

Nordea’s unique pan-Nordic and international structure has meant that
existing national regulatory frameworks do not fully accommodate
Nordea’s operating model and recent strategic developments.
Domiciling in a country that is participating in the banking union
will mean that Nordea will be subject to the same regulatory
framework as our European peers, with greater consistency of
application and therefore more of a level playing field.

– The Board’s decision to initiate the re-domiciliation of the parent
company to Finland is the outcome of six months of careful study and
analysis of the competitive conditions and challenges facing Nordea.
We see the move as an important strategic step in positioning Nordea
on a par with its European peers. The level playing field and
predictable regulatory environment offered by the banking union are,
we believe, in the best interest of Nordea’s customers, shareholders
and employees, says Bjoern Wahlroos, chairman of the Board of
Directors, Nordea Bank AB (publ).

– We will continue to deliver value for all customers, as we will
keep on working with the Nordic operating model in the same way as we
do today. We remain relentlessly committed to all of our four home
markets and look forward to continuing to create strong products and
solutions for our customers and contribute to the Nordic societies
and economies, says Casper von Koskull, President and Chief Executive
Officer, Nordea Bank AB (publ).

The resolution and deposit guarantee fees for 2018 are expected to
increase by approximately EUR 60-200m compared to 2017 and for 2019
the fees are expected to be approximately EUR 60-150m higher compared
to 2017. The final outcome is, among other things, depending on the
exact timing of the re-domiciliation. Nordea expects that the net
present value of resolution fees, deposit guarantees and other
transitional effects will be positive by approximately EUR
1,000-1,100m.

On the capital side, it is noted that there are different regulatory
regimes as of now, but it is too early to have a view of how the
total capital requirements for the Nordea Group will be affected by a
re-domiciliation.

Nordea intends to maintain its capital and dividend policy.

The focus on maintaining Nordea’s business model and AA rating will
not be impacted.

The Nordea share will remain listed on the stock exchanges of
Stockholm, Helsinki and Copenhagen.

The re-domiciliation is intended to be carried out by way of a
downstream cross-border merger through which Nordea Bank AB (publ)
will be merged into a newly established Finnish subsidiary. The
merger is planned to be effected during the second half of 2018 and
will be subject to e.g. the necessary regulatory approvals and the
shareholders’ approval at a general meeting.

On the back of this decision Nordea will host a short telephone press
briefing today Wednesday 6 September 2017 at 17.00-17.30 CET. Dial-in
number: + 46 200 125 783. Meeting: ID 83570624. A press conference
will be held on 7 September at 8.00 CET/9.00 EET in Helsinki at
Nordea Campus, Aleksis Kiven katu 7. Registration starts at 7.30
CET/8:30 EET. For security reasons, a valid identity card will be
required.

To attend the press conference, please e-mail:
kati.tommiska@nordea.com.
Webcast URL: http://edge.media-server.com/m/p/2bxm7j3o

Conference call:
Participants dial in on:
Confirmation Code: 5199007
UK: +44(0)20 3427 1903
Sweden: +46(0)8 5065 3936
Denmark: +45 32 71 16 59
Finland: +358(0)9 6937 9590
Norway: +472350 0486

Nordea would also like to invite analysts and investors to a
breakfast meeting in London on 7 September.

Time: 9.00 CET/8.00 GMT
Place: London Hilton on Park Lane, 22 Park Lane, London W1K 1BE,
Argyll Suite.

Heikki Ilkka, Group CFO, and Rodney Alfven, Head of Investor
Relations, will participate. The breakfast meeting including a Q&A
session is expected to last approximately one hour.

To attend please contact: Carolina Brikho via e-mail:
carolina.brikho@nordea.com.

Dial-in options: +44(0) 20 3427 1913 or +46(0)8 5065 3937 or +1646
254 3365 or +4532 71 16 58 or +358(0)9 6937 9543, confirmation code
7667705, no later than 8.50 CET/7.50 GMT.

After the conference an indexed on-demand replay will be available on
www.nordea.com. A replay will also be available until 14 September by
dialling +44(0) 20 7660 0134 or +46(0)8 5199 3077, access code
7667705.

For further information:
Rodney Alfven, Head of Investor Relations, +46 72 235 05 15
Claes Eliasson, Acting Head of Group External Communications, +46 72
141 67 12

This information is information that Nordea Bank AB (publ) is obliged
to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of the
contact person set out above, at 16.50 CET on 6 September 2017.