Nordea Bank AB (publ.) - Company Announcement

Nordea Bank AB (publ) issues 5 new warrant series on 6 May 2009

Nordea Bank AB (publ) will launch 5 new warrant series on 6 May 2009
under its warrant programme. The underlying asset of the warrants is
the Nokia Oyj (NOK1V) shares. The warrants are call and 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 2008. 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. The following terms
only summarize the final terms and the base prospectus.


+-------------------------------------------------------------------+
| Issuer           | Nordea Bank AB (publ)                          |
|------------------+------------------------------------------------|
| Instrument name  | Warrant (call / put)                           |
|------------------+------------------------------------------------|
| Underlying asset | Nokia Oyj (NOK1V) share                        |
|------------------+------------------------------------------------|
| Cash Settlement  | Call Warrant:                                  |
| Amount           | (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.                                      |
|                  |                                                |
|                  | 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    | Official Closing price on Final Trading Day.   |
| Determination    |                                                |
| Date             |                                                |
|------------------+------------------------------------------------|
| Market place     | Nasdaq OMX Helsinki Ltd                        |
|------------------+------------------------------------------------|
| Reference Source | Nasdaq OMX Helsinki Ltd                        |
|------------------+------------------------------------------------|
| Reference price  | Official closing price on Final Trading Day.   |
| determination    |                                                |
| method           |                                                |
|------------------+------------------------------------------------|
| Exercise         | The Bank carries out automatic cash settlement |
| procedure        |                                                |
|------------------+------------------------------------------------|
| Listing currency | EUR                                            |
|------------------+------------------------------------------------|
| Total number of  | 10 000 000  (see Table 2 below)                |
| warrants         |                                                |
|------------------+------------------------------------------------|
| 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       | Additional information on the company and the  |
| information on   | development of the value of the underlying     |
| the underlying   | asset is available on the website of the OMX   |
| asset and        | Nordic Exchange Helsinki:                      |
| underlying       | http://omxgroup.com/nordicexchange/ and on the |
| company          | websites of the company: www.nokia.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                            Underlying              Additional
Trading    Warrant ISIN Underlying instrument   Underlying Information
code       code         instrument ISIN code    Currency   on the
                                                           underlying
9SNOKEW800 FI0009655443 Nokia Oyj  FI0009000681 EUR        www.nokia.com
9SNOKEW100 FI0009655450 Nokia Oyj  FI0009000681 EUR        www.nokia.com
9GNO1EW100 FI0009655468 Nokia Oyj  FI0009000681 EUR        www.nokia.com
9GNOKEW110 FI0009655542 Nokia Oyj  FI0009000681 EUR        www.nokia.com
9GNOKEW130 FI0009655476 Nokia Oyj  FI0009000681 EUR        www.nokia.com


Table 2


Warrant                            Total
Trading    Strike Type Multiplier  number   Issue   Expiration Settlement
code       price                     of      date      Date       Date
                                  warrants
9SNOKEW800   8     P      0,2      10 000  6.5.2009 17.7.2009  24.7.2009
                                    000
9SNOKEW100   10    P      0,2      10 000  6.5.2009 17.7.2009  24.7.2009
                                    000
9GNO1EW100   10    C      0,2      10 000  6.5.2009 17.7.2009  24.7.2009
                                    000
9GNOKEW110   11    C      0,2      10 000  6.5.2009 17.7.2009  24.7.2009
                                    000
9GNOKEW130   13    C      0,2      10 000  6.5.2009 17.7.2009  24.7.2009
                                    000



Helsinki, 5 May 2009

NORDEA BANK AB (publ)

Tommi Saarnio

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