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Nordea: Comment on the SFSA's approval of Nordea's merger plans

We welcome the Swedish Financial Supervisory Authority's (SFSA)
approval of the merger plans between Nordea and its subsidiary banks
Nordea Bank Danmark, Nordea Bank Finland and Nordea Bank Norge,
respectively. This is an important step in our work to simplify our
legal structure, with the aim to change the Norwegian, Danish and
Finnish banks to branches of the Swedish parent company. A branch
structure will make it possible for us to better operate as One
Nordea. It will strengthen governance and is part of the
simplification of processes. It leaves the bank with a more efficient
and straightforward structure and decreases administrative
complexity. It will contribute to making Nordea more competitive to
the benefit of customers.

The executions of the mergers are still subject to approvals and other
decisions by relevant authorities in Denmark, Finland and Norway,
respectively, and that the mergers are not prohibited or, in the
opinion of Nordea's Board of Directors, impeded by any reason deemed
significant by Nordea's Board of Directors. The mergers are planned
to take place early 2017.

For further information:
Emma Rheborg, Head of Group External Communications, +46 733 80 22 63

The information provided in this press release is such that Nordea is
required to disclose pursuant to the Swedish Financial Instruments
Trading Act (1991:980) and/or the Swedish Securities Markets Act


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