Correction of previous pressrelease - Effects of transitioning to IFRS 9 and decision to apply transitional rules for capital adequacy

The press release sent out 08.45 today contained an error regarding the the effect on equity which has been corrected in this version. A new standard for the accounting of financial instruments, IFRS 9, was introduced on 1 January 2018, replacing the previous standard, IAS 39. IFRS 9 introduces a new model to calculate credit loss reserves that is essentially based on expected credit losses and not solely on loss events that have already occurred. As Nordax previously has communicated transitioning to the new standard increase provisions and reduce equity. In transitioning to the new standard