Nordea Bank AB (publ.) - Company Announcement

Nordea Bank AB (publ) issues 1 new index certificates bull series on 14 April 2011

Nordea Bank AB (publ) will launch 1 new index certificate bull series on 14
April 2011 under its warrant programme. The underlying asset of the index
certificates is OMX Stockholm 30 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 2010. 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.

Please notice that the Final Terms of the issue are released only in English.


+-----------------------------------+------------------------------------------+
|Issuer                             |Nordea Bank AB (publ)                     |
+-----------------------------------+------------------------------------------+
|Instrument name                    |Index Certificate Bull (call)             |
+-----------------------------------+------------------------------------------+
|Underlying asset                   |OMX Stockholm 30 Index                    |
+-----------------------------------+------------------------------------------+
|Leverage Factor                    |1                                         |
+-----------------------------------+------------------------------------------+
|Cash Settlement Amount             |Accumulated value on the expiration date  |
+-----------------------------------+------------------------------------------+
|Closing Price                      |Accumulated value on the expiration date  |
+-----------------------------------+------------------------------------------+
|Closing Price Determination Date   |Official Closing Price on Final Trading   |
|                                   |Day                                       |
+-----------------------------------+------------------------------------------+
|Expiration Date/Final Trading Day  |The earliest of the following dates:      |
|                                   |1. Expiration Date: See Table 2; or       |
|                                   |2. The Date declared expiration date      |
|                                   |according to Expiration Date Determination|
|                                   |Day.                                      |
+-----------------------------------+------------------------------------------+
|Market place                       |Nasdaq OMX Helsinki                       |
+-----------------------------------+------------------------------------------+
|Reference Source                   |Nasdaq OMX Stockholm Ltd                  |
+-----------------------------------+------------------------------------------+
|Reference price determination      |Valuation time for underlying instrument  |
|method                             |and currency is local time Helsinki 19:00.|
+-----------------------------------+------------------------------------------+
|Exercise procedure                 |The Bank carries out automatic cash       |
|                                   |settlement                                |
+-----------------------------------+------------------------------------------+
|Listing currency                   |EUR                                       |
+-----------------------------------+------------------------------------------+
|Translation Rate                   |EUR / SEK exchange rate                   |
+-----------------------------------+------------------------------------------+
|Total number of certificates       |1 000 000                                 |
+-----------------------------------+------------------------------------------+
|Trading lot                        |1 certificate                             |
+-----------------------------------+------------------------------------------+
|Market Maker                       |Nordea Bank operates as the 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):    |
|                                   |                                          |
|                                   |Four (4) percent or                       |
|                                   |0,10 EUR, if ask price is < 2 EUR         |
|                                   |                                          |
|                                   |Quotations concern a minimum amount of    |
|                                   |five hundred Certificates. No bid         |
|                                   |quotation is given for Certificates that  |
|                                   |have a market value less than ten (10)    |
|                                   |cents. 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 the      |Additional information on the company and |
|underlying asset and underlying    |the development of the value of the       |
|company                            |underlying asset is available on the      |
|                                   |website of the OMX Nordic Exchange        |
|                                   |Helsinki:                                 |
|                                   |http://omxgroup.com/nordicexchange and    |
|                                   |www.nasdaqomx.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 code ISIN code    index       ISIN code    instrument Information
                                                   currency    on the underlying

BULL OMXS30  FI4000021886 OMX         SE0000337842 SEK        www.nasdaqomx.com
NF                        Stockholm
                          30 Index


Table 2

Certificate Initial Type Manage- Total        Issue     Expiration Settlement
Trading     Price        ment    number       date      Date       Date
code                     Fee     of
                                 certificates

BULL          10    C    0.15%   1,000,000    14.4.2011 15.4.2016  22.4.2016
OMXS30 NF


Helsinki, 13 April 2011

NORDEA BANK AB (publ)

Juha Mikkilä
For further information, please contact Juha Mikkilä tel. +358-9-369 49354.

[HUG#1505842]