Nordea Bank AB (publ.) - Pörssitiedote

Clarification of quote in media

Nordea's CEO Christian Clausen was today quoted in Bloomberg saying that Nordea
will reduce the number of employees by ten percent over a couple of years' time.
The ten percent are the total in the adaptation programme to new regulation that
Nordea launched fifteen months ago. Out of the mentioned ten percent, more than
seven percent has already been achieved by the reduction of employees by 2,500
people since the second quarter in 2011.

The remaining reduction will be gradually achieved the coming years following
the increased efficiency that new technology and changed customer behavior make
possible. The ambition is to manage most of this reduction via natural turn
-over, including retirements.



For further information:
Jan Larsson, Head of Group Identity & Communications, +46 8 614 7916 (or +46 70
593 34 12)

Attachments:

12071548.pdf