Nordea completes third share buy-back programme

17 Mar 2023 12:00 CET

Nordea Bank Abp
Stock exchange release - Other information disclosed according to the rules of
the Exchange
17 March 2023 at 13.00 EET

Nordea has now completed its third share buy-back programme announced in July
2022. From 20 July 2022 to 16 March 2023, Nordea repurchased 150,069,276 of its
own shares (FI4000297767) at an average price per share of EUR 9.99.

On 18 July 2022 Nordea announced a share buy-back of up to EUR 1.5bn, based on
the authorisation granted by the Annual General Meeting 2022. The purpose of
share buy-backs is to pursue an efficient capital structure and generate
sustainable shareholder returns by reducing Nordea's excess capital. Since the
inception of the inaugural buy-back programme in October 2021, Nordea has
distributed EUR 4.5bn to its shareholders through repurchasing around 447
million shares at an average price of EUR 10.05 per share.

Nordea repurchased the shares in public trading otherwise than in proportion to
the shareholdings of its shareholders (directed repurchases). The repurchased
shares were cancelled on a monthly basis.

The repurchases of the third buy-back programme reduced the company's
unrestricted equity by EUR 1.5bn. Nordea now holds 24,602,431 treasury shares
for capital optimisation purposes and 6,073,651 treasury shares for remuneration
purposes.

On 3 March 2023 Nordea announced approval from the European Central Bank for
further share buy-backs of EUR 1.0bn, and a new buy-back programme is expected
to be initiated after the Annual General Meeting 2023.

For further information:

Matti Ahokas, Head of Investor Relations, +358 9 5300 8011
Media inquiries, +358 10 416 8023 or press@nordea.com

The information provided in this stock exchange release was submitted for
publication, through the agency of the contacts set out above, at 13.00 EET on
17 March 2023.

We are a universal bank with a 200-year history of supporting and growing the
Nordic economies - enabling dreams and aspirations for a greater good. Every
day, we work to support our customers' financial development, delivering best-in
-class omnichannel customer experiences and driving sustainable change. The
Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq
Stockholm exchanges. Read more about us at nordea.com.

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