Future structure of Nordea Life & Pensions in place

Future structure of Nordea Life & Pensions in place On 30 October, Nordea announced the formation of a new business area, Asset Management & Life, headed by Christian Clausen. The new business area was created through a merger of Asset Management and Life Insurance and Pensions. As of today, Seppo Ilvessalo has been appointed head of Life & Pensions, a new business unit within Nordea Asset Management & Life. Jukka Venäläinen has been appointed head of Life & Pensions, Finland, while Michael Brag, Jørund Vandvik and Gunnar Andersson will continue to work as country heads in Denmark, Norway and Sweden. Following the changes, Asset Management & Life consists of six business units: Investment Management, Life & Pensions, Investment Funds, Long Term Savings & Life, Nordic Private Banking and European Private Banking. Life & Pensions includes Tryg Pension (Denmark), Vesta Pension (Norway), Livia (Sweden), Nordea Life (Finland), Nordea Zycie (Poland) as well as activities in Luxembourg and Isle of Man. It is planned to market the Life & Pensions activities under the Nordea brand. Further information: Christian Clausen,Head of Asset Management & Life, +45 33 33 15 00 Bjarne Rostbøll Christiansen, Communications Officer, +45 33 33 10 79 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/17/20011217BIT00350/bit0002.doc http://www.waymaker.net/bitonline/2001/12/17/20011217BIT00350/bit0002.pdf

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Nordea’s vision is to be a Great European bank, acknowledged for its people, creating superior value for customers and shareholders. We are making it possible for our customers to reach their goals by providing a wide range of products, services and solutions within banking, asset management and insurance. Nordea has around 11 million customers, approximately 650 branch office locations and is among the ten largest universal banks in Europe in terms of total market capitalisation. The Nordea share is listed on the Nasdaq Stockholm, Nasdaq Helsinki and Nasdaq Copenhagen exchanges. More info: www.nordea.com

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