Year-end Report 2007

Strong result - based on growth strategy and prudent risk management
* Income EUR 7,886m (EUR 7,365m), up 8% on a comparable basis*
* Gap between income and cost growth of 2.0 %-points*
* Risk-adjusted profit EUR 2,417m (EUR 2,107m), up 15%
* Profit before loan losses EUR 3,820m (EUR 3,543m), up 11%*
* Positive net loan losses EUR 60m (positive EUR 257m)
* Net profit EUR 3,130m (EUR 3,153m), up 3% on a comparable basis*
* Return on equity 19.7% including non-recurring items (22.9%)
* Earnings per share EUR 1.20 including non-recurring items (EUR
  1.21)
* Proposed dividend per share EUR 0.50, (EUR 0.49), corresponding to
  a dividend payment of EUR 1,297m

*) The growth figures are calculated on a comparable basis, excluding
the income of EUR 120m from the deposit guarantee refund in Finland
in 2007 and the income of EUR 199m from the divestment of
International Moscow Bank (IMB) in 2006

Continued strong volume growth despite increasing uncertainty
* Total lending up 14%
* Corporate lending up 17%
* Total deposits up 12%, of which volumes in savings accounts up 21%
* Number of gold customers up 7%, number of Private Banking customers
  up 16%
* Successful execution of organic growth strategy in New European
  Markets
* Strong increase in capital market business with corporate segment"I am very pleased with our very strong performance in 2007. As a
result of a good team work, we continue to deliver on our growth
strategy. We have invested significant amounts in our growth
initiatives and at the same time delivered a record operating profit.
This has been achieved through a balance between focus on growth and
strict risk and cost management. Market turmoil in the second half of
the year had only limited impact on Nordea, due to our prudent risk
management culture and stable funding base.

Uncertainty has increased and 2008 looks more challenging. The growth
outlook for the Nordic region is still relatively strong and we
therefore continue with our planned investments in growth areas both
in the Nordic region and in our New European Markets. If, however,
the economic growth slows down more than anticipated, we will review
the level of growth investments. I am confident that we also going
forward will manage to combine growth with unchanged focus on risk
and cost management", says Christian Clausen, President and Group CEO
of Nordea.

The complete report including tables can be downloaded from the
attached link. The report is also available on the Internet at
www.nordea.com.

For further information:

Christian Clausen, President and   +46 8 614 7804
Group CEO
Arne Liljedahl, Group CFO/EVP      +46 8 614 7996
Johan Ekwall, Head of Investor     +46 8 614 7852   (or +46 70 607 92
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Atte Palomäki, Group Chief Press   +358 9 165 42325 (or +358 40 547
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