Nordea Bank AB (publ.) - Company Announcement

Nordea Bank AB (publ) issues 1 new index certificates bull serie on 21 December 2009

Nordea Bank AB (publ) stock exchange release  18 December 2009

Nordea Bank AB (publ) will launch 1 new index certificate bull serie on 21
December 2009 under its warrant programme. The underlying asset of the index
certificates is Dow Jones Euro Stoxx 50 (Price) 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.


+----------------------------+-------------------------------------------------+
|Issuer                      |Nordea Bank AB (publ)                            |
+----------------------------+-------------------------------------------------+
|Instrument name             |Index Certificate Bull (call)                    |
+----------------------------+-------------------------------------------------+
|Underlying asset            |Dow Jones Euro Stoxx 50 (Price) Index            |
+----------------------------+-------------------------------------------------+
|Cash Settlement Amount      |(Closing Price - Strike Price) x Multiplier      |
+----------------------------+-------------------------------------------------+
|Closing Price               |Official Closing Price on Closing Price          |
|                            |Determination Date                               |
+----------------------------+-------------------------------------------------+
|Closing Price Determination |Final Settlement Price provided by EUREX         |
|Date                        |                                                 |
+----------------------------+-------------------------------------------------+
|Market place                |Nasdaq OMX Helsinki                              |
+----------------------------+-------------------------------------------------+
|Reference Source            |EUREX                                            |
+----------------------------+-------------------------------------------------+
|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 certificates|1 000 000 (see Table 2 below)                    |
+----------------------------+-------------------------------------------------+
|Trading lot                 |1 certificate                                    |
+----------------------------+-------------------------------------------------+
|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):                        |
|                            |                                                 |
|                            |Two (2) percent or                               |
|                            |0,10 EUR, if ask price is < 2 EUR                |
|                            |                                                 |
|                            |No bid quotation is given for Certificates that  |
|                            |have a market value less than ten (10) cents.    |
|                            |Quotations concern a minimum amount of five      |
|                            |hundred Certificates. 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, www.stoxx.com|
|                            |<http://www.stoxx.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.                                 |
+----------------------------+-------------------------------------------------+

The index certificates bull to be issued:

Table 1


 Certificate Certificate  Underlying    Underlying   Underlying Additional
 Trading     ISIN         instrument    instrument   instrument Information
 code        code                       ISIN         currency   on the
                                        code                    underlying

 4LESX.NDS   FI4000008255 Dow Jones     EU0009658145 EUR        www.stoxx.com
                          Euro Stoxx 50


Table 2


 Certifi-  Strike Type Multi- Total        Issue      Expiration Settle-ment
 cate      Price       plier  number       date       Date       Date
 Trading                      of
 code                         certificates

 4LESX.NDS 0      C    0,01   1 000 000    21.12.2009 19.12.2014 31.12.2014


Helsinki, 18 December 2009

NORDEA BANK AB (publ)


Tommi Saarnio


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


[HUG#1364547]