Nordea to divest its merchant acquiring business to Nets

Nordea has signed an agreement to divest its merchant acquiring business (“NMA”)
to Nets Holding A/S (“Nets”).

Merchant acquiring is a service provided to corporate customers, enabling them
to accept card payments at point-of-sale and online.

- The sale of the NMA business and the establishment of a partnership with Nets
will secure a long-term Merchant Acquiring offering to our corporate customers
on competitive terms. A changing regulatory environment and fast-paced
technological development in the sector require both larger scale and
substantial investments from providers of merchant acquiring services. Nets has
the requisite scale and will bring technological capabilities and the ability to
make necessary investments in the business going forward, says Lennart Jacobsen,
Head of Retail Banking.

The business is sold for a price of EUR 230 million on an enterprise value
basis. Nordea’s capital gain after tax on the transaction will be approximately
EUR 175 million to be recognised under Other operating income upon closing of
the transaction.

The transaction is subject to customary regulatory approval and is expected to
close in the fourth quarter of 2015.

For further information:
Rodney Alfvén, Head of Investor Relations, +46 72 235 05 15
Claus Christensen, Head of Group Communications, +45 25 24 89 93