Nordea Bank Finland Plc will launch 11 new warrant series on 31 May 2007 under its warrant programme. The underlying asset of the warrants is Nokia share (NOK1V). The warrants are European call and put warrants. In all warrants five (5) warrants refer to one (1) underlying share. The warrants are redeemed by cash payment. Upon expiry of a warrant, the possible net value is paid in cash to the holder of the warrant. WARRANT-SPECIFIC TERMS AND CONDITIONS The warrant-specific terms and conditions of all warrants now issued are part of the prospectus of Nordea Bank Finland Plc dated 9 October 2006 concerning the bank's warrant programme. The terms and conditions of issue of these warrants are included in the above mentioned prospectus. These warrant specific conditions are to be applied in a conflict situation. +-------------------------------------------------------------------+ | Issuer | Nordea Bank Finland Plc | |------------------+------------------------------------------------| | Underlying asset | Nokia (NOK1V) | |------------------+------------------------------------------------| | Warrant price at | Market based | | the time of | | | issue | | |------------------+------------------------------------------------| | Multiplier | 1/5 | | | Five warrants refer to one share | |------------------+------------------------------------------------| | Warrant lot | 1 warrant | |------------------+------------------------------------------------| | Currency | EUR | |------------------+------------------------------------------------| | Calculation of | The official closing price of the underlying | | expiration value | asset published by the Helsinki Stock Exchange | | | on the last trading date of the warrant. | |------------------+------------------------------------------------| | Number of | Minimum 100,000 and maximum 30,000,000 based | | warrants | on demand in respect each underlying asset. | | | (Nordea Bank Finland Plc is entitled to | | | increase the number to exceed the above | | | mentioned). | |------------------+------------------------------------------------| | Market maker | Nordea Bank Finland Plc | | | | | | Nordea Bank Finland Plc undertakes to provide | | | bid and ask quotation for the warrants during | | | the time the warrant is subject to public | | | trading. The undertaking is valid in the | | | continuous trading of the stock exchange. | | | | | | Quotations concern a minimum of one thousand | | | warrants. The difference between bid and ask | | | quotation is at the most: | | | | | | 10 cent, if the bid quotation is less than EUR | | | 2.00 | | | 20 cent, if the bid quotation is more than or | | | equal to EUR 2.00 | | | | | | No bid quotation is given for warrants the | | | market value of which is less than one (1) | | | cent. | | | | | | The market maker reserves right for temporary | | | disruptions in market making undertaking when | | | hedging its own position or during a technical | | | error. If the disruption will be prolonged, | | | the market maker will inform about this in the | | | market place. | | | | | | The market maker is entitled to define the | | | values of the parameters affecting the market | | | making quotation. | | | | | | Nordea Bank Finland Plc is not liable to | | | maintain the market making undertaking if | | | trading with the underlying shares has ceased. | |------------------+------------------------------------------------| | Collateral | No collateral | |------------------+------------------------------------------------| | Compulsory claim | No | | for redemption | | |------------------+------------------------------------------------| | Redemption | Cash payment of the net value | |------------------+------------------------------------------------| | Redemption fee | 1.5% of net value | |------------------+------------------------------------------------| | Settlement of | Normal trading: as in equity trading: T + 3 | | the warrant | banking days | | | | | | Redemption: T+3 from the reconciliation date | |------------------+------------------------------------------------| | Additional | Additional information on the company and the | | information on | development of the value of the underlying | | the underlying | company is available on the website of the | | asset and | Helsinki Stock Exchange: | | underlying | http://omxgroup.com/nordicexchange/ and on | | company | the website of the underlying company: | | | www.nokia.com. Additional information on the | | | volatility of the underlying asset is | | | available from the issuer, tel. +358 9 369 | | | 49134. | | | | | | The investors should analyse information on | | | the company issuing the share before making | | | decisions on warrants. | +-------------------------------------------------------------------+ The warrants to be issued Under Name ISIN code Type of Exer Issue Last Reconciliation Payment lying warrant cise date trading date of net share price date value Nokia 7SNOKEW190 FI0009638662 Put-E 19 31.5.2007 20.7.2007 27.7.2007 1.8.2007 Nokia 7GNOKEW210 FI0009638670 Call-E 21 31.5.2007 20.7.2007 27.7.2007 1.8.2007 Nokia 7GNOKEW220 FI0009638688 Call-E 22 31.5.2007 20.7.2007 27.7.2007 1.8.2007 Nokia 7GNOKEW230 FI0009638696 Call-E 23 31.5.2007 20.7.2007 27.7.2007 1.8.2007 Nokia 7TNO1EW190 FI0009638704 Put-E 19 31.5.2007 17.8.2007 24.8.2007 29.8.2007 Nokia 7TNO1EW200 FI0009638712 Put-E 20 31.5.2007 17.8.2007 24.8.2007 29.8.2007 Nokia 7HNO1EW210 FI0009638720 Call-E 21 31.5.2007 17.8.2007 24.8.2007 29.8.2007 Nokia 7HNO1EW220 FI0009638738 Call-E 22 31.5.2007 17.8.2007 24.8.2007 29.8.2007 Nokia 7HNOKEW230 FI0009638746 Call-E 23 31.5.2007 17.8.2007 24.8.2007 29.8.2007 Nokia 7UNO2EW190 FI0009638753 Put-E 19 31.5.2007 21.9.2007 28.9.2007 3.10.2007 Nokia 7INO3EW220 FI0009638761 Call-E 22 31.5.2007 21.9.2007 28.9.2007 3.10.2007 Nokia 7SNOKEW190 FI0009638662 Put-E 19 31.5.2007 20.7.2007 27.7.2007 1.8.2007 Helsinki, 29 May 2007 NORDEA BANK FINLAND PLC Tommi Saarnio For further information, please contact Tommi Saarnio p. +358-9-369 49354.
NORDEA BANK FINLAND ISSUES 11 NEW WARRANT SERIES
| Source: Nordea Pankki Suomi Oyj