NORDEA BANK FINLAND PLC STOCK EXCHANGE ANNOUNCEMENT 2 February 2007 NORDEA BANK FINLAND PLC: ANTICIPATED ADJUSTMENT TO THE TERMS OF FORTUM WARRANTS Nordea Bank Finland Plc will carry out an adjustment to the terms of its Fortum warrants on 29.3.2007 due to extra dividend, provided that the AGM of Fortum Plc approves the proposed extra dividend. The adjustment shall be executed in accordance with the rules of the OMX derivatives markets and the OMX Exchange notice 1/07. According to the rules of the OMX derivatives markets, the adjustment is executed as follows: The exercise price of the warrant is multiplied by the adjustment factor (decimals not rounded) and the multiplier of the warrant is divided by the adjustment factor (decimals not rounded). The resulting new exercise price and new multiplier are rounded to the nearest two decimals. The adjustment will be calculated in accordance with the adjustment factor provided by the Stock Exchange. The adjustment factor is notified on 28.3.2007 after 19.00 (CET). New exercise prices and multipliers will enter into force on 29.3.2007. New terms for the warrants are to be notified after the adjustment and the terms will be available in the Internet-site of Nordea Bank Finland Plc (www.nordea.fi/warrantit). Following example clarifies the calculation formula that the Fortum warrants may be subject to. Example: Warrant: 7FFUMEW220 Fortum extra dividend: 0,53 eur Fortum ordinary dividend: 0,73 eur Ex date of dividend: 29.3.2007 Average price on 28.3.2007: 21,5 eur Adjustment factor (21,5 - 0,73 - 0,53) / (21,5 - 0,73): 0,97448243 New exercise price 22 * 0,97448243: 21,44 (rounded to nearest 2 decimals) New multiplier 5 / 0,97448243: 5,13 (rounded to nearest 2 decimals) The calculation formula is defined in the OMX Derivatives Markets' Rules and regulations for derivatives, section 4.5.3.6.1. The anticipated adjustment will concern the following warrants: 7RFUMEW180 7FFUMEW200 7RFUMEW200 7FFUMEW220 7FFUMEW240 as well as any Fortum warrant issued between 1.2.2007-28.3.2007 that has the last trading date after the ex date of the dividend Helsinki, 2 February 2007 NORDEA BANK FINLAND PLC Tommi Saarnio For further information, please contact Tommi Saarnio p. +358-9-369 49354.
NORDEA BANK FINLAND PLC: ANTICIPATED ADJUSTMENT TO THE TERMS OF FORTUM WARRANTS
| Source: Nordea Bank AB