Nordea Pankki Suomi Oyj - Company Announcement

Nordea cuts its Prime rate and DepositRate in Finland

Nordea will cut its Prime rate by 0.10 percentage points to 1.25 per cent.
Nordea DepositRate will also be cut by 0.10 percentage points to 1.20 per cent.
The revisions will become effective as from 10 November 2014.

Nordea applies the Prime rate as a reference rate both in deposits and in
housing loans. Recently, the Prime rate has become less popular as the reference
rate of housing loans. Still, in deposits its position has remained more stable.

Nordea DepositRate is a floating reference interest rate which follows the
market rates. The DepositRate is used as the reference rate for the
CurrentAccountPlus. The deposit interest payable on the account is calculated by
deducting the margin defined for the interest tiers of the account from the
deposit rate.

The value of the deposit rate is based on the market rate performance, but it is
supposed to change slower than the market rates.

The rate cuts are based on the very low level of the market rates. The interest
rates were last cut on 1 January 2014.

For further information:
Aki Kangasharju, Economic Research, +358 9 165 59952, +358 50 583 8573
Nina Luomanen, Household Business Development, +358 50 368 7026