Nordea Bank AB (publ.) - Company Announcement

Nordea Bank AB (publ) issues 22 new turbo warrant series on 13 June 2011

Nordea Bank AB (publ) will issue 22 new turbo warrant series on 13 June 2011
under its warrant programme. The underlying assets of the turbo warrants are
Fortum Oyj (FUM1V), Metso Oyj (MEO1V), Nordea Bank AB (publ) (NDA1V), Nokian
Renkaat Oyj (NRE1V), Stora Enso Oyj (STERV), UPM Kymmene Oyj (UPM1V) and
Wärtsilä Oyj (WRT1V) shares and Dow Jones Euro Stoxx 50 index. The warrants are
call and put turbo warrants. The turbo warrants are redeemed by cash payment.
Upon expiry of a turbo warrant, the possible net value is paid in cash to the
holder of the warrant.

Warrant specific terms and conditions

All turbo warrants are issued under the warrant programme of Nordea Bank AB
(publ) dated 6 October 2010.  The base prospectus for the warrant programme and
the final terms for each turbo warrant serie are available at the issuer's
website: www.nordea.fi/warrantit. The following terms only summarize the final
terms and the base prospectus.

+-----------------------------------+------------------------------------------+
|Issuer                             |Nordea Bank AB (publ)                     |
+-----------------------------------+------------------------------------------+
|Instrument name                    |Turbo Warrant (call / put)                |
+-----------------------------------+------------------------------------------+
|Underlying asset                   |Fortum Oyj (FUM1V), Metso Oyj (MEO1V),    |
|                                   |Nordea Bank AB (publ) (NDA1V), Nokian     |
|                                   |Renkaat Oyj (NRE1V), Stora Enso Oyj       |
|                                   |(STERV), UPM Kymmene Oyj (UPM1V) and      |
|                                   |Wärtsilä Oyj (WRT1V) shares and Dow Jones |
|                                   |Euro Stoxx 50 index                       |
+-----------------------------------+------------------------------------------+
|Barrier Reference Price            |Most recent transaction prices during     |
|                                   |continuous trading quoted on a Reference  |
|                                   |Source commencing from the Listing Date up|
|                                   |to and including the Closing Date. The    |
|                                   |Bank reserves the right to determine      |
|                                   |whether a level is reasonable and may     |
|                                   |thereby constitute a Barrier Reference    |
|                                   |Price.                                    |
+-----------------------------------+------------------------------------------+
|Cash Settlement amount             |For Turbo Call Warrants:                  |
|                                   |(Closing Price - Strike Price) x          |
|                                   |Multiplier                                |
|                                   |If the Closing Price is equal or lower    |
|                                   |than the Strike Price, no Cash Settlement |
|                                   |Amount is paid out.                       |
|                                   |                                          |
|                                   |For Turbo Put Warrants:                   |
|                                   |(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 (see more information  |
|                                   |in the Final Terms of the Turbo Warrants).|
+-----------------------------------+------------------------------------------+
|Closing Price Determination Date   |In case of Share:                         |
|                                   |Official Closing price on Final Trading   |
|                                   |Day.                                      |
|                                   |                                          |
|                                   |In case of Index:                         |
|                                   |Final Settlement Price provided by EUREX  |
+-----------------------------------+------------------------------------------+
|Expiration date /                  |The earlier of Expiration Date in Final   |
|Final trading day                  |Terms,  Table 2 or for:                   |
|                                   |                                          |
|                                   |Turbo Call Warrants: The trading day with |
|                                   |respect to which a Barrier Reference Price|
|                                   |is listed equal to or lower than the      |
|                                   |Barrier Level.                            |
|                                   |                                          |
|                                   |Turbo Put Warrants: The trading day with  |
|                                   |respect to which a Barrier Reference Price|
|                                   |is listed equal to or higher than the     |
|                                   |Barrier Level.                            |
+-----------------------------------+------------------------------------------+
|Market place                       |Nasdaq OMX Helsinki Ltd                   |
+-----------------------------------+------------------------------------------+
|Reference Source                   |In case of Share:                         |
|                                   |Nasdaq OMX Helsinki Ltd                   |
|                                   |                                          |
|                                   |In case of Index:                         |
|                                   |EUREX                                     |
+-----------------------------------+------------------------------------------+
|Reference price determination      |Closing Price on Closing Price            |
|method                             |Determination Date                        |
|                                   |                                          |
+-----------------------------------+------------------------------------------+
|Exercise procedure                 |The Bank carries out automatic cash       |
|                                   |settlement                                |
+-----------------------------------+------------------------------------------+
|Listing currency                   |EUR                                       |
+-----------------------------------+------------------------------------------+
|Trading lot                        |1 warrant                                 |
+-----------------------------------+------------------------------------------+
|Total number of warrants           |500 000 -  1 000 000                      |
+-----------------------------------+------------------------------------------+
|Market maker                       |Nordea Bank Finland Plc operates as the   |
|                                   |Market Maker.                             |
|                                   |                                          |
|                                   |Nordea Bank Finland Plc undertakes to     |
|                                   |provide bid and ask quotation for the     |
|                                   |warrants during the time the 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 the most:                 |
|                                   |                                          |
|                                   |10 cent, if the ask quotation is less than|
|                                   |EUR 2.00                                  |
|                                   |20 cent, if the ask quotation is more than|
|                                   |or equal to EUR 2.00                      |
|                                   |                                          |
|                                   |Quotations concern a minimum of one       |
|                                   |thousand warrants. No bid quotation is    |
|                                   |given for warrants the market value of    |
|                                   |which is less than one (1) cent. 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 securities 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       |
|                                   |exchange/marketplace in those cases where |
|                                   |the limitation is expected to extend for  |
|                                   |more than one trading day.                |
|                                   |                                          |
+-----------------------------------+------------------------------------------+
|Additional information on the      |Additional information on the company and |
|underlying asset and underlying    |the development of the value of the       |
|company                            |underlying company is available on the    |
|                                   |website of the OMX Nordic Exchange        |
|                                   |Helsinki:                                 |
|                                   |http://omxgroup.com/nordicexchange/ and on|
|                                   |the website of the underlying companies   |
|                                   |www.fortum.com, www.metso.com,            |
|                                   |www.nordea.fi, www.nokianrenkaat.fi,      |
|                                   |www.storaenso.com, www.upm-kymmene.com,   |
|                                   |www.wartsila.com, 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 share before   |
|                                   |making decisions on warrants.             |
+-----------------------------------+------------------------------------------+


The warrants to be issued:

Table 1

+-------------+------------+----------+------------+----------+----------------+
|Warrant      |Warrant ISIN|Underlying|Underlying  |Underlying|Additional      |
|Trading      |code        |instrument|instrument  |Currency  |Information on  |
|code         |            |          |ISIN code   |          |the underlying  |
+-------------+------------+----------+------------+----------+----------------+
|TFUM1L  20NDS|FI4000025267|Fortum Oyj|FI0009007132|EUR       |www.fortum.com  |
+-------------+------------+----------+------------+----------+----------------+
|TFUM1L 215NDS|FI4000025275|Fortum Oyj|FI0009007132|EUR       |www.fortum.com  |
+-------------+------------+----------+------------+----------+----------------+
|TFUM1X  24NDS|FI4000025283|Fortum Oyj|FI0009007132|EUR       |www.fortum.com  |
+-------------+------------+----------+------------+----------+----------------+
|TFUM1X  25NDS|FI4000025291|Fortum Oyj|FI0009007132|EUR       |www.fortum.com  |
+-------------+------------+----------+------------+----------+----------------+
|TMEO1L  33NDS|FI4000025309|Metso Oyj |FI0009007835|EUR       |www.metso.com   |
+-------------+------------+----------+------------+----------+----------------+
|TMEO1X  46NDS|FI4000025317|Metso Oyj |FI0009007835|EUR       |www.metso.com   |
+-------------+------------+----------+------------+----------+----------------+
|             |            |Nordea    |            |          |                |
|TNDA1L  65NDS|FI4000025325|Bank AB   |FI0009902530|EUR       |www.nordea.fi   |
|             |            |(publ) FDR|            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|             |            |Nordea    |            |          |                |
|TNDA1X   9NDS|FI4000025333|Bank AB   |FI0009902530|EUR       |www.nordea.fi   |
|             |            |(publ) FDR|            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|             |            |Nokian    |            |          |www.nokian      |
|TNRE1L  28NDS|FI4000025341|Renkaat   |FI0009005318|EUR       |renkaat.fi      |
|             |            |Oyj       |            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|             |            |Nokian    |            |          |www.nokian      |
|TNRE1X  40NDS|FI4000025358|Renkaat   |FI0009005318|EUR       |renkaat.fi      |
|             |            |Oyj       |            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|TSTE1L 625NDS|FI4000025366|Stora Enso|FI0009005961|EUR       |www.storaenso.  |
|             |            |Oyj       |            |          |com             |
+-------------+------------+----------+------------+----------+----------------+
|TSTE1X 875NDS|FI4000025374|Stora Enso|FI0009005961|EUR       |www.storaenso.  |
|             |            |Oyj       |            |          |com             |
+-------------+------------+----------+------------+----------+----------------+
|             |            |UPM-      |            |          |www.upm-        |
|TUPM1L 105NDS|FI4000025382|Kymmene   |FI0009005987|EUR       |kymmene.com     |
|             |            |Oyj       |            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|             |            |UPM-      |            |          |www.upm-        |
|TUPM1L1175NDS|FI4000025390|Kymmene   |FI0009005987|EUR       |kymmene.com     |
|             |            |Oyj       |            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|             |            |UPM-      |            |          |www.upm-        |
|TUPM1X  13NDS|FI4000025408|Kymmene   |FI0009005987|EUR       |kymmene.com     |
|             |            |Oyj       |            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|             |            |UPM-      |            |          |www.upm-        |
|TUPM1X  14NDS|FI4000025416|Kymmene   |FI0009005987|EUR       |kymmene.com     |
|             |            |Oyj       |            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|TWRT1L  19NDS|FI4000025424|Wärtsilä  |FI0009003727|EUR       |www.wartsila.com|
|             |            |Oyj       |            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|TWRT1X  29NDS|FI4000025432|Wärtsilä  |FI0009003727|EUR       |www.wartsila.com|
|             |            |Oyj       |            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|             |            |Dow Jones |            |          |                |
|TESX1I2600NDS|FI4000025440|Euro Stoxx|EU0009658145|EUR       |www.stoxx.com   |
|             |            |50        |            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|             |            |Dow Jones |            |          |                |
|TESX1I2650NDS|FI4000025457|Euro Stoxx|EU0009658145|EUR       |www.stoxx.com   |
|             |            |50        |            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|             |            |Dow Jones |            |          |                |
|TESX1U2850NDS|FI4000025465|Euro Stoxx|EU0009658145|EUR       |www.stoxx.com   |
|             |            |50        |            |          |                |
+-------------+------------+----------+------------+----------+----------------+
|             |            |Dow Jones |            |          |                |
|TESX1U2900NDS|FI4000025473|Euro Stoxx|EU0009658145|EUR       |www.stoxx.com   |
|             |            |50        |            |          |                |
+-------------+------------+----------+------------+----------+----------------+


Table 2

+-------+------+-------+----+-------+---------+---------+----------+----------+
|Warrant|Strike|Barrier|    |Multi- |Total    |Issue    |Expiration|Settlement|
|Trading|price |level  |Type|plier  |number of|date     |Date      |Date      |
|code   |      |       |    |       |warrants |         |          |          |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TFUM1L |20,00 |20,40  |C   |1      |500 000  |13.6.2011|16.12.2011|23.12.    |
|20NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TFUM1L |21,50 |21,50  |C   | 1/5   |1 000 000|13.6.2011|16.12.2011|23.12.    |
|215NDS |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TFUM1X |24,00 |24,00  |P   | 1/5   |1 000 000|13.6.2011|16.12.2011|23.12.    |
|24NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TFUM1X |25,00 |24,60  |P   |1      |500 000  |13.6.2011|16.12.2011|23.12.    |
|25NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TMEO1L |33,00 |34,50  |C   | 1/5   |500 000  |13.6.2011|16.12.2011|23.12.    |
|33NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TMEO1X |46,00 |44,50  |P   | 1/5   |500 000  |13.6.2011|16.12.2011|23.12.    |
|46NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TNDA1L |6,50  |6,75   |C   |1      |500 000  |13.6.2011|16.12.2011|23.12.    |
|65NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TNDA1X |9,00  |8,75   |P   |1      |500 000  |13.6.2011|16.12.2011|23.12.    |
|9NDS   |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TNRE1L |28,00 |29,50  |C   | 1/5   |500 000  |13.6.2011|16.12.2011|23.12.    |
|28NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TNRE1X |40,00 |38,50  |P   | 1/5   |500 000  |13.6.2011|16.12.2011|23.12.    |
|40NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TSTE1L |6,25  |6,50   |C   |1      |500 000  |13.6.2011|16.12.2011|23.12.    |
|625NDS |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TSTE1X |8,75  |8,50   |P   |1      |500 000  |13.6.2011|16.12.2011|23.12.    |
|875NDS |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TUPM1L |10,50 |10,90  |C   |1      |500 000  |13.6.2011|16.12.2011|23.12.    |
|105NDS |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TUPM1L |11,75 |11,75  |C   | 1/5   |1 000 000|13.6.2011|16.12.2011|23.12.    |
|1175NDS|      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TUPM1X |13,00 |13,00  |P   | 1/5   |1 000 000|13.6.2011|16.12.2011|23.12.    |
|13NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TUPM1X |14,00 |13,60  |P   |1      |500 000  |13.6.2011|16.12.2011|23.12.    |
|14NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TWRT1L |19,00 |20,50  |C   | 1/5   |500 000  |13.6.2011|16.12.2011|23.12.    |
|19NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TWRT1X |29,00 |27,50  |P   | 1/5   |500 000  |13.6.2011|16.12.2011|23.12.    |
|29NDS  |      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TESX1I |2 600 |2 600  |C   |  1/100|500 000  |13.6.2011|16.9.2011 |23.9.     |
|2600NDS|      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TESX1I |2 650 |2 650  |C   |  1/100|500 000  |13.6.2011|16.9.2011 |23.9.     |
|2650NDS|      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TESX1U |2 850 |2 850  |P   |  1/100|500 000  |13.6.2011|16.9.2011 |23.9.     |
|2850NDS|      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+
|TESX1U |2 900 |2 900  |P   |  1/100|500 000  |13.6.2011|16.9.2011 |23.9.     |
|2900NDS|      |       |    |       |         |         |          |2011      |
+-------+------+-------+----+-------+---------+---------+----------+----------+


Helsinki, 10 June 2011

NORDEA BANK AB (publ)

Juha Mikkilä

For further information, please contact Juha Mikkilä +358 9 369 50112


[HUG#1522720]