Nordea Bank AB (publ.) - Company Announcement

Nordea Bank AB (publ) issues 8 new index certificates bull series on 10 March 2010

Nordea Bank AB (publ) will launch 8 new index certificate bull series on 10
March 2010 under its warrant programme. The underlying asset of the index
certificate is a futures contract linked to Dow Jones Euro Stoxx 50 (Price)
Index, Dow Jones STOXX600 Sector Index, DAX Index or OMXH25 Index. The index
certificates are call certificates. The index certificates are redeemed by cash
payment. Upon expiry of a index certificate bull, the possible net value is paid
in cash to the holder of the certificate.

Index certificate bull specific terms and conditions

All index certificates are issued under the warrant programme of Nordea Bank AB
(publ) dated 6 October 2009. The base prospectus for the warrant programme and
the final terms for each warrant and certificate serie are available at the
issuer's website:www.nordea.fi/warrantit <http://www.nordea.fi/warrantit>. The
following terms only summarize the final terms and the base prospectus.

Please notice that the Final Terms of the issue are released only in English.


+------------------------------------+-----------------------------------------+
|Issuer                              |Nordea Bank AB (publ)                    |
+------------------------------------+-----------------------------------------+
|Instrument name                     |Index Certificate Bull (call)            |
+------------------------------------+-----------------------------------------+
|Underlying asset                    |A futures contract linked to Dow Jones   |
|                                    |STOXX600 Sector Index, DAX Index, or     |
|                                    |OMXH25 Index.                            |
+------------------------------------+-----------------------------------------+
|Cash SettlementAmount               |Accumulated value on the expiration date |
+------------------------------------+-----------------------------------------+
|Leverage Factor                     |Yes (See Final Terms)                    |
+------------------------------------+-----------------------------------------+
|Closing Price                       |Accumulated value on the expiration date,|
|                                    |if no early expiration event has occurred|
|                                    |(see final terms)                        |
+------------------------------------+-----------------------------------------+
|Closing Price Determination Date    |The earliest of the following dates:     |
|                                    | 1. Expiration Date: See Table 2;        |
|                                    | 2. The Date declared expiration date    |
|                                    |    according to Expiration Date         |
|                                    |    Determination Day; or                |
|                                    | 3. If the value of the underlying       |
|                                    |    contract falls 50% or more in one day|
|                                    |    it constitutes an early expiration   |
|                                    |    event.                               |
+------------------------------------+-----------------------------------------+
|Market place                        |Nasdaq OMX Helsinki                      |
+------------------------------------+-----------------------------------------+
|Barrier Level                       |50% of the Underlying contracts reference|
|                                    |price the previous trading day.          |
+------------------------------------+-----------------------------------------+
|Reference Source                    |Dow Jones Euro Stoxx 50 (Price) Index and|
|                                    |STOXX600 Sector Indices:                 |
|                                    |EUREX                                    |
|                                    |DAX Index:                               |
|                                    |Deutche Börse Group                      |
|                                    |OMXH25 Index:                            |
|                                    |Nasdaq OMX Helsinki Ltd.                 |
+------------------------------------+-----------------------------------------+
|Reference price determination method|Valuation time for underlying instrument |
|                                    |and currency is local time Helsinki      |
|                                    |19:00.                                   |
+------------------------------------+-----------------------------------------+
|Exercise procedure                  |The Bank carries out automatic cash      |
|                                    |settlement                               |
+------------------------------------+-----------------------------------------+
|Listing currency                    |EUR                                      |
+------------------------------------+-----------------------------------------+
|Total number of certificates        |1 000 000 (see Table 2 below)            |
+------------------------------------+-----------------------------------------+
|Trading lot                         |1 certificate                            |
+------------------------------------+-----------------------------------------+
|Market Maker                        |Nordea Bank operates as the Market Maker.|
|                                    |Market  Maker  undertakes  to provide bid|
|                                    |and  ask  quotation  for the Certificates|
|                                    |during  the time Certificates are subject|
|                                    |to   trading   on   a  regulated  market,|
|                                    |multilateral  trading  facility  or other|
|                                    |market place. The undertaking is valid in|
|                                    |the  continuous trading  of the regulated|
|                                    |market,  multilateral trading facility or|
|                                    |other marketplace.                       |
|                                    |The   difference   between  bid  and  ask|
|                                    |quotation is at most (maximum spread):   |
|                                    |Four (4) percent or                      |
|                                    |0,10 EUR, if ask price is < 2 EUR        |
|                                    |Quotations  concern  a  minimum amount of|
|                                    |five   hundred   Certificates.   No   bid|
|                                    |quotation  is given for Certificates that|
|                                    |have  a market  value less  than ten (10)|
|                                    |cents. Market Maker is entitled to define|
|                                    |the  values  of  the parameters affecting|
|                                    |the market making quotation. Market Maker|
|                                    |is  not liable to  maintain its duties as|
|                                    |Market   Maker,   if   trading  with  the|
|                                    |underlying asset has ceased.             |
|                                    |Market   Maker   reserves  the  right  to|
|                                    |temporarily  decline  to  quoting bid and|
|                                    |ask  prices during a  period in which the|
|                                    |Market  Maker hedges its  own position in|
|                                    |an  Underlying Assets and at such time as|
|                                    |the Market Maker believes there are to be|
|                                    |significant  difficulties in  quoting bid|
|                                    |and ask prices due to technical reasons. |
|                                    |In  conjunction  with  such limitation of|
|                                    |the  Market  Maker's  obligation to quote|
|                                    |bid  and  ask  prices,  the  Market Maker|
|                                    |shall   notify   parties  on  the  market|
|                                    |regarding the limitation through a notice|
|                                    |via   the  regulated  market/multilateral|
|                                    |trading facility/marketplace.            |
+------------------------------------+-----------------------------------------+
|Additional information on the       |Additional information on the company and|
|underlying asset and underlying     |the development of the value of the      |
|company                             |underlying asset is available on the     |
|                                    |website of the OMX Nordic Exchange       |
|                                    |Helsinkihttp://omxgroup.com/nordicexchang|
|                                    |e and www.nasdaqomx.com, www.stoxx.com   |
|                                    |<http://www.stoxx.com/> and              |
|                                    |www.deutsche-boerse.com                  |
|                                    |<http://www.deutsche-boerse.com/>.       |
|                                    |                                         |
|                                    |Additional information on the volatility |
|                                    |of the underlying asset is available from|
|                                    |the issuer, tel.+358 9 369 49134.        |
|                                    |                                         |
|                                    |The investors should analyse information |
|                                    |on the company issuing the index before  |
|                                    |making decisions on certificates.        |
+------------------------------------+-----------------------------------------+
Theindex certificates bull to be issued:

Table 1

+------------+------------+-----------+-------------+-------+------------------+
|Certificate |Certificate |Underlying |Underlying   |Under- |Additional        |
|Trading     |ISIN code   |index      |ISIN         |lying  |Information       |
|code        |            |           |code         |instru-|on the underlying |
|            |            |           |             |ment   |                  |
|            |            |           |             |curren-|                  |
|            |            |           |             |cy     |                  |
+------------+------------+-----------+-------------+-------+------------------+
|BULL        |FI4000009899|OMXH25     |FI0008900212 |EUR    |www.nasdaqomx.com |
|OMXH25X2 NF |            |INDEX      |             |       |                  |
+------------+------------+-----------+-------------+-------+------------------+
|BULL DAX X2 |FI4000009907|           |DE0008469008 |EUR    |www.deutsche-     |
|NF          |            |DAX INDEX  |             |       |boerse.com        |
+------------+------------+-----------+-------------+-------+------------------+
|            |            |           |             |       |                  |
|BULL ESX50  |FI4000009915|DJ EURO    |EU0009658145 |EUR    |www.stoxx.com     |
|X2 NF       |            |STOXX 50   |             |       |                  |
|            |            |INDEX      |             |       |                  |
+------------+------------+-----------+-------------+-------+------------------+
|BULL BANKS  |            |DJ STOXX   |             |       |                  |
|X2          |FI4000009923|600        |EU0009658806 |EUR    |www.stoxx.com     |
|NF          |            |BANKS      |             |       |                  |
+------------+------------+-----------+-------------+-------+------------------+
|BULL BARES  |            |DJ STOXX   |             |       |                  |
|X2          |FI4000009931|600        |EU0009658624 |EUR    |www.stoxx.com     |
|NF          |            |BASIC      |             |       |                  |
|            |            |RESOURCES  |             |       |                  |
+------------+------------+-----------+-------------+-------+------------------+
|BULL OILG X2|            |DJ STOXX   |             |       |                  |
|NF          |FI4000009949|600        |EU0009658780 |EUR    |www.stoxx.com     |
|            |            |OIL&GAS    |             |       |                  |
+------------+------------+-----------+-------------+-------+------------------+
|            |            |DJ STOXX   |             |       |                  |
|BULL TEL X2 |FI4000009956|600        |EU0009658947 |EUR    |www.stoxx.com     |
|NF          |            |TELECOMUNI |             |       |                  |
|            |            |CATIONS    |             |       |                  |
+------------+------------+-----------+-------------+-------+------------------+
|BULL HCAR X2|            |DJ STOXX   |             |       |                  |
|NF          |FI4000009964|600        |EU0009658723 |EUR    |www.stoxx.com     |
|            |            |HEATHCARE  |             |       |                  |
+------------+------------+-----------+-------------+-------+------------------+

Table 2

+------------+-------+----+--------------------+---------+----------+----------+
|Certificate |Initial|Type|Manage- Total       |Issue    |Expiration|Settlement|
|Trading     | Price |    | ment   number of   |date     |Date      |Date      |
|code        |       |    |  Fee   certificates|         |          |          |
+------------+-------+----+--------------------+---------+----------+----------+
|BULL        |       |    |                    |         |          |          |
|OMXH25X2    |25     |C   |0,6%    1 000 000   |10.3.2010|10.2.2015 |17.2.2015 |
|NF          |       |    |                    |         |          |          |
+------------+-------+----+--------------------+---------+----------+----------+
|BULL DAX X2 |25     |C   |0,6%    1 000 000   |10.3.2010|10.2.2015 |17.2.2015 |
|NF          |       |    |                    |         |          |          |
+------------+-------+----+--------------------+---------+----------+----------+
|BULL ESX50  |25     |C   |0,6%    1 000 000   |10.3.2010|10.2.2015 |17.2.2015 |
|X2 NF       |       |    |                    |         |          |          |
+------------+-------+----+--------------------+---------+----------+----------+
|BULL BANKS  |       |    |                    |         |          |          |
|X2          |25     |C   |0,8%    1 000 000   |10.3.2010|10.2.2015 |17.2.2015 |
|NF          |       |    |                    |         |          |          |
+------------+-------+----+--------------------+---------+----------+----------+
|BULL BARES  |       |    |                    |         |          |          |
|X2          |25     |C   |0,8%    1 000 000   |10.3.2010|10.2.2015 |17.2.2015 |
|NF          |       |    |                    |         |          |          |
+------------+-------+----+--------------------+---------+----------+----------+
|BULL OILG X2|25     |C   |0,8%    1 000 000   |10.3.2010|10.2.2015 |17.2.2015 |
|NF          |       |    |                    |         |          |          |
+------------+-------+----+--------------------+---------+----------+----------+
|BULL TEL X2 |25     |C   |0,8%    1 000 000   |10.3.2010|10.2.2015 |17.2.2015 |
|NF          |       |    |                    |         |          |          |
+------------+-------+----+--------------------+---------+----------+----------+
|BULL HCAR X2|25     |C   |0,8%    1 000 000   |10.3.2010|10.2.2015 |17.2.2015 |
|NF          |       |    |                    |         |          |          |
+------------+-------+----+--------------------+---------+----------+----------+

Helsinki, 9 March 2010

NORDEA BANK AB (publ)


Tommi Saarnio

For further information, please contact Tommi Saarnio +358 9 369 49354.



[HUG#1392053]