Acquisition of Orgresbank completed

In November 2006 Nordea announced an agreement to purchase a
majority stake in Orgresbank for USD 313.7 million (EUR 246 million).
The remaining minority stake representing 24.99 per cent of the
shares will be split between the current management shareholders of
Orgresbank and the European Bank for Reconstruction and Development.

Orgresbank will capture the growth opportunities in the Russian
corporate and retail segments. It will also strengthen Nordea's
platform for servicing Nordic customers conducting business in
Russia, as well as create new opportunities for existing customers
and employees of Orgresbank.

Since signing of the agreement, Orgresbank has established an
International Division within Corporate Banking in order to support
the business of Nordea's customers and other international
corporations in Russia.

For further information:
Johan Ekwall, Head of Investor Relations, +46 8 614 78 52
Atte Palomäki, Group Identity and Communications, +358 9 165 42325 or
+358 40 547 6390
Igor Bulantsev, First Deputy Chairman, Management board, Orgresbank,
+7495 777 34 72
Esa Teräväinen, General Manager, Corporate Banking International at
Orgresbank, +7495 777 34 77