Nordea (CPH:NDA) To Acquire The Remaining Outstanding Shares In JSB Orgresbank

Nordea (CPH:NDA) Nordea has signed an agreement to acquire the remaining 17.70 per cent of JSB Orgresbank from the two management shareholders and the European Bank for Reconstruction and Development. Nordea has agreed with the minority shareholders to exercise its existing right to acquire the remaining shares. The transaction with the European Bank for Reconstruction and Development is subject to regulatory approvals and is expected to be completed in the first quarter of 2009.

Nordea will subsequently increase the equity capital of JSB Orgresbank through a new issue of approximately EUR 100 million.

Following the transaction Nordea owns 100 per cent of JSB Orgresbank, of which Nordea has been a majority owner since 29 March 2007.

For further information: Ari Kaperi, Head of Institutional & International Banking, +358 9 165 42254 Igor Kogan, Chief Executive Officer, Orgresbank, +7 495 777 34 77 extension 1046 Johan Ekwall, Head of Investor Relations, +46 8 614 78 52 Anders Edlund, Communication Partner, +46 702 29 16 91

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



LINK: http://hugin.info/1151/R/1278700/285343.pdf

Nordea

http://www.nordea.com

ISIN: SE0000427361

Stock Identifier: XOME.NDA