Nordea Bank AB (publ.) - Company Announcement

Nordea Bank AB (publ) issues 1 new certificates bull serie on 17 December 2008

Nordea Bank AB (publ) will launch 1 new certificate bull serie on 17
December 2008 under its warrant programme. The underlying asset of
the certificates is the Talvivaara Mining Company co Plc share. 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 2008. 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. 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 | Talvivaara Mining Company co Plc (TALV) share  |
|------------------+------------------------------------------------|
| Cash Settlement  | Max[(Closing Price - Strike Price) x           |
| Amount           | Multiplier x Translation Rate; 0]              |
|------------------+------------------------------------------------|
| Closing Price    | Reference Price on Closing Price Determination |
|                  | Date.                                          |
|------------------+------------------------------------------------|
| Translation Rate | The exchange rate for the Listing Currency     |
|                  | divided by the exchange rate for the Reference |
|                  | Currency in accordance with the Exchange Rate  |
|                  | Reference Source on the Expiration.            |
|                  |                                                |
|------------------+------------------------------------------------|
| Closing Price    | Official Closing price on Expiration           |
| Determination    | Date/Final Trading Day                         |
| Date             |                                                |
|------------------+------------------------------------------------|
| Market place     | Nasdaq OMX Helsinki                            |
|------------------+------------------------------------------------|
| Reference Source | London Stock Exchange                          |
|------------------+------------------------------------------------|
| Reference price  | Closing Price on Closing Price Determination   |
| determination    | Date                                           |
| method           |                                                |
|------------------+------------------------------------------------|
| Exercise         | The Bank carries out automatic cash settlement |
| procedure        |                                                |
|------------------+------------------------------------------------|
| Listing currency | EUR                                            |
|------------------+------------------------------------------------|
| Total number of  | 1 000 000 (see Table 2 below)                  |
| certificates     |                                                |
|------------------+------------------------------------------------|
| 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       | 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       |
| company          | www.talvivaara.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 bear 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
                         Talvivaara Mining                         www.
9FTALV NDS  FI0009653760 Co Plc            FI0009014716 GBP        talvivaara.
                                                                   com



Table 2


Certificate Strike Type Multi- Total     Issue      Expiration Settlement
Trading     Price       plier  Number    date       Date       Date
code                           Of
                               Certifi-
                               cates
9FTALV NDS  0      C    1      1 000 000 17.12.2008 18.6.2009  26.6.2009





Helsinki, 16 December, 2008

NORDEA BANK AB (publ)


Tommi Saarnio


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