Comment on the SFSA’s approval of Nordea’s merger plans

We welcome the Swedish Financial Supervisory Authority’s (SFSA) approval of the
merger plans between Nordea and its subsidiary banks Nordea Bank Danmark, Nordea
Bank Finland and Nordea Bank Norge, respectively. This is an important step in
our work to simplify our legal structure, with the aim to change the Norwegian,
Danish and Finnish banks to branches of the Swedish parent company. A branch
structure will make it possible for us to better operate as One Nordea. It will
strengthen governance and is part of the simplification of processes. It leaves
the bank with a more efficient and straightforward structure and decreases
administrative complexity. It will contribute to making Nordea more competitive
to the benefit of customers.

The executions of the mergers are still subject to approvals and other decisions
by relevant authorities in Denmark, Finland and Norway, respectively, and that
the mergers are not prohibited or, in the opinion of Nordea’s Board of
Directors, impeded by any reason deemed significant by Nordea’s Board of
Directors. The mergers are planned to take place early 2017.

For further information:
Emma Rheborg, Head of Group External Communications, +46 733 80 22 63

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).