Nordea’s annual report published today

Today Nordea publishes its annual report on nordea.com with information about
the development of the Group and management remuneration.
The report describes Nordea’s continued journey towards the future relationship
bank. In 2014 Nordea welcomed 90,000 new Gold, Premium and Private Banking
customers to the bank and now has 3.2 million relationship customers. Nordea was
also ranked as the leading bank for large corporates in the Nordics by Greenwich
and took a big step towards solidifying its position as the largest asset
management services provider in the region. Assets under management increased to
an all-time high of EUR 262bn.

The swift transformation of the customers’ behaviour continued during the year,
with digitalisation as a main driver for change in the banking sector. In the
autumn Nordea launched a programme that will enable the bank to develop even
more personalised and convenient customer solutions. As part of the programme,
which is presented in the annual report, IT investments are increased by 30-35
per cent over the coming years and new core banking and payment platforms are
built.

The annual report also presents the remuneration of the Group Executive
Management for 2014. The total remuneration of the Group CEO in 2014 was EUR
2.4m, compared to EUR 2.2m in 2013. The increase is due to higher fulfilment of
the set targets for the variable remuneration related for instance to customer
satisfaction and financial results.

- Nordea aims at having competitive but not market leading remuneration of all
employees including the CEO and Group Executive Management. As in previous years
the remuneration levels reflect the fact that Nordea is among the largest banks
in Europe and one of the largest companies in the Nordics, says Marie Ehrling,
Chairman of the Board Remuneration Committee and Vice Chairman of the Board.

The annual report can be downloaded on www.nordea.com/ir. The Corporate Social
Responsibility (CSR) Report 2014 and Capital and Risk Management (Pillar III)
Report 2014 will also be available for download on the website today.

For further information:
Claus Christensen, Head of Group Communications, + 45 25 24 89 93


The information provided in this press release is such that Nordea is required
to disclose pursuant to the Swedish Financial Instruments Trading Act (1991:980)
and/or the Swedish Securities Markets Act (2007:528).