Nordea Bank AB (publ)
Nordea comment on media enquiry

COPENHAGEN, DENMARK — (Marketwired) — 08/15/17 — Nordea Bank AB
(publ)

Nordea comment on media enquiry about ongoing investigation by Danish
Prosecution Service

Last week Nordea in Denmark as expected received a visit from
representatives for the Danish Prosecution Service (the Danish Public
Prosecutor for Serious Economic and International Crime, SOIK) as
they have now formally opened an investigation.

We had expected the visit. It follows the criticism expressed by the
Danish Financial Supervisory Authority in June 2016 regarding
violations of anti-money laundering legislation by Nordea Bank
Danmark A/S. Back then the case was — in accordance with Danish
administrative practice — handed over to the Prosecution Service for
further investigation, says Julie Galbo, Chief Risk Officer at Nordea
Bank AB.

In June 2015 the Danish Financial Supervisory Authority (DFSA)
investigated how Nordea in Denmark had followed the regulations
regarding anti-money laundering (AML). The outcome was that the DFSA
expressed criticism and on 17 June 2016 the case was in accordance
with Danish administrative practice handed over to the Prosecution
Service for further investigation.

Our focus is to fully cooperate with the Prosecution Service and we
are committed to ensuring access to all relevant information, says
Julie Galbo and continues:

This case dates back to the summer of 2015, and we are pleased to see
that the natural next step in the process is now taking place. We
hope to be able to close the case in cooperation with the Danish
Prosecution Service as soon as possible.

Nordea initiated an Anti-Money Laundering Programme in June 2015. The
programme focuses on ensuring robust groupwide standards and
processes. As part of this we consolidated the majority of all
anti-money laundering activities relating to ‘know your customer’,
sanctions screening and transaction monitoring in one central unit.
Further, we are strengthening the functions and processes dedicated
to regulatory compliance. A total of 1,500 full-time employees are
today focusing on these tasks. Resolving the investigation in
question goes hand in hand with these efforts.