Nordea Bank AB (publ) stock exchange release May 23rd 2008 Nordea Bank AB (publ) will launch 11 new max certificates series on May 26th 2008 under its warrant programme. The underlying assets of the max certificates are Nokia Oyj (NOK1V), Nokian Renkaat Oyj (NRE1V), Kone Oyj (KNEBV) Neste Oil Oyj (NES1V) and Fortum Oyj (FUM1V) shares. The max certificates are call certificates. The max certificates are redeemed by cash payment. Upon expiry of a max certificate, the possible net value is paid in cash to the holder of the certificate. Certificate specific terms and conditions All max certificates are issued under the warrant programme of Nordea Bank AB (publ) dated 29 May 2007. 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 | Max Certificate (call) | |------------------+------------------------------------------------| | Underlying asset | Nokia Oyj (NOK1V), Nokian Renkaat Oyj (NRE1V), | | | Kone Oyj (KNEBV) Neste Oil Oyj (NES1V) and | | | Fortum Oyj (FUM1V) share | |------------------+------------------------------------------------| | Cash Settlement | If Closing Price > Max Level: | | Amount | | | | Multiplier x Max Level | | | | | | If Closing Price < Max Level: | | | | | | Multiplier x Closing Price | | | | |------------------+------------------------------------------------| | Closing Price | Reference Price on Closing Price Determination | | | Date. | |------------------+------------------------------------------------| | Closing Price | Official Closing price on Expiration | | Determination | Date/Final Trading Day | | Date | | |------------------+------------------------------------------------| | Market place | OMX Nordic Exchange Helsinki | |------------------+------------------------------------------------| | Reference Source | OMX Nordic Exchange Helsinki | |------------------+------------------------------------------------| | Reference price | Official closing price provided by OMX Nordic | | determination | Exchanges Helsinki. | | method | | |------------------+------------------------------------------------| | Exercise | The Bank carries out automatic cash settlement | | procedure | | |------------------+------------------------------------------------| | Listing currency | EUR | |------------------+------------------------------------------------| | Total number of | 500 000 - 1 000 000 depending on the | | certificates | certificate serie (see Table 2 below) | |------------------+------------------------------------------------| | Trading lot | 1 certificate | |------------------+------------------------------------------------| | Market maker | Nordea Bank Finland Plc operates as the Market | | | Maker. | | | | | | Market Maker undertakes to provide bid and ask | | | quotation for the certificates during the time | | | certificates are subject to public trading. | | | The undertaking is valid in the continuous | | | trading of the stock exchange. | | | | | | The difference between bid and ask quotation | | | is at most (maximum spread): | | | | | | Two (2) percent but no less than EUR 0,10. | | | | | | Quotations concern a minimum amount of one | | | thousand 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 exchange/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 companies: www.nokia.com, | | | www.nokiantyres.fi, www.kone.fi, | | | www.nesteoil.fi and www.fortum.fi. 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 certificates. | +-------------------------------------------------------------------+ The max certificates to be issued: Table 1: Certificate Certificate Underlying Underlying Additional Trading code ISIN code instrument instrument Information on the ISIN code underlying 9CNOKCF20M FI0009649248 Nokia Oyj FI0009000681 www.nokia.com 9CNOKCF25M FI0009649255 Nokia Oyj FI0009000681 www.nokia.com Nokian Renkaat 8LNRECF34M FI0009649156 Oyj FI0009005318 www.nokiantyres.fi Nokian Renkaat 8LNRECF38M FI0009649164 Oyj FI0009005318 www.nokiantyres.fi Nokian Renkaat 9CNRECF38M FI0009649172 Oyj FI0009005318 www.nokiantyres.fi 8LKNECF28M FI0009649180 KONE Oyj FI0009013403 www.kone.fi 8LKNECF32M FI0009649198 KONE Oyj FI0009013403 www.kone.fi Neste Oil 8LNESCF20M FI0009649206 Oyj FI0009013296 www.nesteoil.fi Neste Oil 8LNESCF24M FI0009649214 Oyj FI0009013296 www.nesteoil.fi 8LFUMCF32M FI0009649222 Fortum Oyj FI0009007132 www.fortum.fi 8LFUMCF36M FI0009649230 Fortum Oyj FI0009007132 www.fortum.fi Table 2: Certificate Strike Type Multiplier Total number Issue date Expiration Settlement Trading price of Date Date code / Max certificates level 9CNOKCF20M 20 C 1 1,000,000 26.05.2008 20.3.2009 27.03.2009 9CNOKCF25M 25 C 1 1,000,000 26.05.2008 20.3.2009 27.03.2009 8LNRECF34M 34 C 1 500,000 26.05.2008 19.12.2008 02.01.2009 8LNRECF38M 38 C 1 500,000 26.05.2008 19.12.2008 02.01.2009 9CNRECF38M 38 C 1 500,000 26.05.2008 20.3.2009 27.03.2009 8LKNECF28M 28 C 1 500,000 26.05.2008 19.12.2008 02.01.2009 8LKNECF32M 32 C 1 500,000 26.05.2008 19.12.2008 02.01.2009 8LNESCF20M 20 C 1 500,000 26.05.2008 19.12.2008 02.01.2009 8LNESCF24M 24 C 1 500,000 26.05.2008 19.12.2008 02.01.2009 8LFUMCF32M 32 C 1 500,000 26.05.2008 19.12.2008 02.01.2009 8LFUMCF36M 36 C 1 500,000 26.05.2008 19.12.2008 02.01.2009 Helsinki May 23 2008 NORDEA BANK AB (publ) Tommi Saarnio For further information: Tommi Saarnio, +358 9 369 49354
Nordea Bank AB (publ) issues 11 new max certificates on May 26th 2008
| Source: Nordea Bank AB (publ.)