Nordea Appoints Head of Group Support and Procurement


STOCKHOLM, Sweden, Oct. 21, 2002 (PRIMEZONE) -- Gert Aage Nielsen (48) has been appointed Head of Group Support and Procurement in Nordea (Other OTC:NRDAF) and will assume his new responsibilities immediately.

The new common support and procurement organization is established within Group Staffs. The unit will consolidate general support services and procurement on Group level, not primarily related to business activities, to increase benefits of scale and efficiency.

Gert Aage Nielsen has held several management positions in Nordea, most recently CFO in Nordea Securities. He holds a Ph.D in Economics from the University of Copenhagen.

For further information:
Peter Schutze, Head of Group Staffs, +45 33 33 42 00
Erik Evren, Head of Group Media Relations, +46 8 614 86 11

Nordea is the leading financial services group in the Nordic and BalticSea region and operates through three business areas: Retail Banking,Corporate and Institutional Banking and Asset Management & Life. TheNordea Group has more than 10 million customers and 1,245 bank branches.Nordea is present in 24 countries. The Nordea Group is a world leader inInternet banking, with 3.1 million e-customers. The Nordea share islisted in Stockholm, Helsinki and Copenhagen.

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