Nordea Bank AB (publ.) - Company Announcement

Nordea Bank AB (publ) issues 1 new warrant serie on 8 January 2010

Nordea  Bank AB (publ)  will launch 1 new  warrant serie on 8 January 2010 under
its  warrant programme. The underlying asset of the warrant is OMXH25 index. The
warrants  are  put  warrants.  The  warrants  are redeemed by cash payment. Upon
expiry of a warrant, the possible net value is paid in cash to the holder of the
warrant.

Warrant specific terms and conditions

All Warrants 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 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.


+----------------------------+-------------------------------------------------+
|Issuer                      |Nordea Bank AB (publ)                            |
+----------------------------+-------------------------------------------------+
|Instrument name             |Warrant (put)                                    |
+----------------------------+-------------------------------------------------+
|Underlying asset            |OMXH25 index                                     |
+----------------------------+-------------------------------------------------+
|Cash Settlement Amount      |Put Warrant:                                     |
|                            |(Strike Price - Closing Price) x Multiplier      |
|                            |If the Closing Price is equal to or higher than  |
|                            |the Strike Price, no Cash Settlement Amount is   |
|                            |paid out.                                        |
+----------------------------+-------------------------------------------------+
|Closing Price               |Reference Price on Closing Price Determination   |
|                            |Date.                                            |
+----------------------------+-------------------------------------------------+
|Closing Price Determination |Value of the index, based on Nasdaq OMX Helsinki |
|Date                        |Ltd weighted average prices of the OMXH25        |
|                            |component shares from 09:40 until 18:30 EET on   |
|                            |Expiration Date/Final Trading Day.               |
+----------------------------+-------------------------------------------------+
|Market place                |Nasdaq OMX Helsinki Ltd                          |
+----------------------------+-------------------------------------------------+
|Reference Source            |Nasdaq OMX Helsinki Ltd                          |
+----------------------------+-------------------------------------------------+
|Reference price             |Closing Price on Closing Price Determination Date|
|determination method        |                                                 |
+----------------------------+-------------------------------------------------+
|Exercise procedure          |The Bank carries out automatic cash settlement   |
+----------------------------+-------------------------------------------------+
|Listing currency            |EUR                                              |
+----------------------------+-------------------------------------------------+
|Total number of warrants    |3 000 000                                        |
+----------------------------+-------------------------------------------------+
|Trading lot                 |1 warrant                                        |
+----------------------------+-------------------------------------------------+
|Market maker                |Nordea Bank Finland Plc operates as the Market   |
|                            |Maker.                                           |
|                            |                                                 |
|                            |Market Maker undertakes to provide bid and ask   |
|                            |quotation for the Warrants during the time       |
|                            |Warrants are subject to trading on a regulated   |
|                            |market, multilateral trading facility or other   |
|                            |marketplace. 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):                        |
|                            |                                                 |
|                            |0,10 EUR, if ask price is < 2 EUR                |
|                            |0,20 EUR, if ask price is > 2 EUR                |
|                            |                                                 |
|                            |Quotations concern a minimum amount of one       |
|                            |thousand warrants. No bid quotation is given for |
|                            |Warrants that have a market value of less than   |
|                            |one (1) cent or corresponding value in other     |
|                            |currency. 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   |Additional information on the company and the    |
|the underlying asset and    |development of the value of the underlying asset |
|underlying company          |is available on the website of the OMX Nordic    |
|                            |Exchange Helsinki:                               |
|                            |http://omxgroup.com/nordicexchange/              |
|                            |<http://omxgroup.com/nordicexchange/> and on the |
|                            |websites of the company:                         |
|                            |www.omxnordicexchanges.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 share before making decisions|
|                            |on warrants.                                     |
+----------------------------+-------------------------------------------------+


The warrants to be issued:

Table 1


+----------+------------+----------+------------+----------+-------------------+
|Warrant   |Warrant     |          |Underlying  |          |Additional         |
|Trading   |ISIN        |Underlying|instrument  |Underlying|Information        |
|code      |code        |instrument|ISIN code   |Currency  |on the             |
|          |            |          |            |          |underlying         |
+----------+------------+----------+------------+----------+-------------------+
|          |            |          |            |          |http://www.omxnordi|
|          |            |          |            |          |c                  |
|0OH25EW200|FI4000008529|OMXH25    |FI0008900212|EUR       |<http://www.omxnord|
|          |            |          |            |          |ic/>               |
|          |            |          |            |          |exchange.com/      |
+----------+------------+----------+------------+----------+-------------------+

Table 2

+-----------+-------+----+----------+----------+---------+----------+----------+
|Warrant    |Strike |    |          |  Total   |  Issue  |Expiration|Settlement|
|Trading    | price |Type|Multiplier|number of |  date   |   Date   |   Date   |
|code       |       |    |          | warrants |         |          |          |
+-----------+-------+----+----------+----------+---------+----------+----------+
|0OH25EW200 | 2 000 | P  |   0,01   |3 000 000 |8.1.2010 |19.3.2010 |26.3.2010 |
+-----------+-------+----+----------+----------+---------+----------+----------+


Helsinki, 7 January 2010

NORDEA BANK AB (publ)

Tommi Saarnio

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


[HUG#1370466]