Nordea Annual General Meeting on 24 April 2003

Nordea Annual General Meeting on 24 April 2003 The annual general meeting of shareholders (AGM) of Nordea AB (publ) will be held on Thursday 24 April 2003 in Aula Magna, Stockholm University at 2.00 pm (CET) with the possibility to participate through telecommunication, in Helsinki at 3.00 pm Finnish time in Finlandia Hall and in Copenhagen at 2.00 pm (CET) in Bella Center. Proposals to the AGM · Dividend unchanged · Reduction of share capital; renewal of authorisation to repurchase own shares · Gunnel Duveblad, Birgitta Kantola and Lars G Nordström new Board members · Establishment of a nomination committee "We are very pleased to be able to tie the valuable competences of Gunnel Duveblad and Birgitta Kantola to the Board. Its continued work to develop the Nordea Group will benefit from their experience. We are also pleased to be able to attach Lars G Nordström to the Board. The proposals by the informal nomination committee are intended to provide a balance between continuity and renewal, which I am convinced will also be an objective for the formal nomination committee now proposed" says Hans Dalborg, Chairman of the Board. Dividend The Board of Directors has decided to propose to the AGM an unchanged dividend. The proposed record date for the dividend is 29 April 2003 and dividend payments are scheduled to be made on 7 May 2003. Reduction of share capital The Board of Directors has decided to propose to the AGM to reduce the share capital corresponding to the repurchased own shares presently held by the Company, 57,008,000 shares, through retirement of the said shares. The reduction amount, EUR 22,593,410.56 is proposed to be transferred to a fund to be used according to a decision by a general meeting of shareholders. After the reduction the share capital will amount to EUR 1,160,460,823.12. Repurchase of own shares In order to maintain financial flexibility, the Board has decided to propose to the AGM to renew the ten-per-cent authorisation to repurchase own shares. Board of Directors An informal nomination committee, consisting of Christina Ragsten Pettersson, representing the Swedish state as shareholder, Staffan Grefbäck, representing Alecta, Lars Ole Würtz Nielsen, representing Tryg i Danmark, and Hans Dalborg, Chairman of the Board, has proposed that the AGM shall elect Gunnel Duveblad, Birgitta Kantola and the CEO Lars G Nordström new Board members. Harald Arnkværn, Claus Høeg Madsen and Timo Peltola are proposed to be reelected. Dan Andersson and Edward Andersson have declined reelection. Hans Dalborg, Kjell Aamot, Bernt Magnusson, Jørgen Høeg Pedersen and Maija Torkko were in 2002 elected Board members until the AGM 2004. Gunnel Duveblad is President of EDS Europe North Region, comprising Denmark, Finland, Norway, Sweden, Belgium, the Netherlands and Luxembourg, since 2002 after a long career in a number of positions within IBM Birgitta Kantola is Master of Law and presently active in a number of boards, such as Fortum and Vasakronan, and has a vast experience from the financial sector through a number of senior positions, inter alia within the International Finance Corporation and the Nordic Investment Bank. Nomination committee The informal nomination committee further proposes to the AGM to decide upon the establishment of a nomination committee, consisting of representatives of the shareholders and the Chairman of the Board. Auditor After a tender process the Board of Directors has decided to propose KPMG to be elected auditor of the Company. For further information: Erik Evrén, Head of Group Media Relations, +46 8 614 8611 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/19/20030219BIT00510/wkr0001.doc http://www.waymaker.net/bitonline/2003/02/19/20030219BIT00510/wkr0002.pdf