The Nomination Committee's proposal to Nordea's Annual General Meeting 2007

The Nomination Committee for Nordea Bank AB (publ) was established by
decision of the Annual General Meeting 2006 and comprises Malin
Björkmo, the Swedish government's representative and the Nomination
Committee's chairman, Mogens Hugo Jørgensen, Nordea Danmark-fonden,
Staffan Grefbäck, Alecta, Christer Elmehagen, AMF Pension, Hans
Dalborg, chairman of the Board, and Juha Rantanen, co-opted member
appointed by the Nomination Committee. The Nomination Committee
announces today its proposals to the Annual General Meeting on 13
April 2007. The proposals will also be presented in the notice to
attend the Meeting.

Election of board members and the chairman of the board
The Nomination Committee proposes re-election until the end of the
next Annual General Meeting of Kjell Aamot, Harald Arnkværn, Hans
Dalborg, Birgitta Kantola, Claus Høeg Madsen, Lars G Nordström, Timo
Peltola and Björn Savén and also that Marie Ehrling, Tom Knutzen and
Ursula Ranin be elected as new board members for the same period. The
Nomination Committee proposes Hans Dalborg to be re-elected chairman
of the board.

Marie Ehrling, Tom Knutzen and Ursula Ranin are proposed as new board
members
Marie Ehrling is born 1955. She has a BSc from the Stockholm School
of Economics, Handelshögskolan. Marie Ehrling was CEO of TeliaSonera
Sverige AB 2003-2006. During the years 1982-2002 she worked for the
SAS group, among other things as deputy group CEO in SAS AB (publ)
and Head of SAS Scandinavian Airlines 2001-2002 and as Head of SAS
Ground Services 1997-2001. She served as information officer at the
Ministry of Finance 1980-1982 and the Ministry of Education 1979-1980
and served as financial analyst at Fourth Swedish National Pension
Fund 1977-1979. Marie Ehrling is a member of the board of Securitas
AB (publ), Centre for Advanced Studies of Leadership at
Handelshögskolan in Stockholm and World Child Foundation.

Tom Knutzen is born 1962. He has a MSc in Strategic Financial
Planning from the Copenhagen Business School. Tom Knutzen is CEO of
Danisco A/S since 2006. During the period 1996-2006 he worked in NKT
Holding A/S, as CEO 2000-2006 and as CFO 1996-2000. Previously, he
was employed at Niro A/S 1988-1996, as CFO 1994-1996. During the
period 1985-1988 he worked for the finance department at
Fællesbanken. Tom Knutzen is a board member of the Confederation of
Danish Industries (DI) in Copenhagen and in the Danish Academy of
Technical Sciences, ATV.

Ursula Ranin is born 1953. She has a MLL and a BSc from the Swedish
School of Economics in Helsinki. During the period 1984-2005 Ursula
Ranin worked at Nokia Oyj, as chief legal officer 1992-2005 and as
company lawyer 1984-1992. She served previously as a judge 1981-1984.
Ursula Ranin is a board member of Finnair Plc and UPM-Kymmene Oyj.

Independence according to Swedish code for corporate governance
All of the proposed board members are according to the nomination
committee to be considered as independent in relation to the
company's major shareholders. The outgoing President and CEO Lars G
Nordström is not considered independent in relation to the company
and the company's management.

Election of auditors
The Nomination Committee proposes re-election of KPMG Bohlins AB as
auditors until the Annual General Meeting 2011.

Fees to the members of the board and auditors
The Nomination Committee proposes that the Annual General Meeting
resolves on unchanged fees for the board of directors, amounting to
240,000 euro for the chairman, 93,000 euro for the deputy chairman
and 72,000 euro per member for the other members. In addition, fees
shall be payable for extra board meetings amounting to 1,750 euro per
meeting and, for committee meetings, 2,250 euro for the committee
chairman and 1,750 euro to the other members per meeting.
Remuneration is not paid to members who are employees of the Nordea
group.

Fees to the auditors are proposed to be payable as per invoice.

Establishment of nomination committee
It is proposed that a new nomination committee be established with
the task of presenting proposals regarding election of board of
directors, chairman of the board and auditors and also fees to the
board members and the auditors for the Annual General Meeting 2008.

Report on the Nomination Committee's work
A report regarding how the Nomination Committee has conducted its
work will be available on Nordea's home page at www.nordea.com from 9
March.

Pictures of the proposed new board members can be downloaded from
www.nordea.com/candidates.

For further information
Malin Björkmo, Chair of the Nomination Committee, +46 8 405 36 18
Hans Dalborg, Chair of the Board and member of the Nomination
Committee, +46 8 614 78 01