Nordea Bank Finland Plc

The Board of Directors of Nordea Bank Finland Plc has approved and signed a
demerger plan on 4 February 2016 according to which Nordea Bank Finland Plc will
demerge so that all assets, liabilities and reserves of the covered bond funding
business are transferred to a new acquiring company to be incorporated in
conjunction with the demerger. The demerger plan was approved by an
extraordinary general meeting of Nordea Bank Finland Plc on 3 March 2016 and is
conditional on the acquiring company obtaining a mortgage credit bank licence in
accordance with Section 5 of the Covered Bond Act (688/2010, as amended) as well
as an authorisation as a credit institution as referred to in Section 7 of the
Act on Credit Institutions (610/2014, as amended). According to the demerger
plan the planned registration date was 1 July 2016.
The Board of Directors of Nordea Bank Finland Plc believe that the conditions
for the registration of the demerger will not be met by 1 July 2016. As a
consequence thereof, now it is Nordea Bank Finland Plc’s intention to register
the demerger as soon as practically possible after the conditions for
registration of the demerger have been met. The current expectation is that
these conditions will be met during the third or the beginning of the fourth
quarter of 2016.
For further information, please contact:
Andreas Larsson, Senior Investor Relations Officer, Head of Debt IR and ratings
+46 709 70 75 55
or
Thomas Miller, Vice President, Retail Banking Finland
+358 40 864 4554

Stock Exchange Release

Helsinki, Finland 28 June 2016 at 5:00 p.m.