Continued appointments in the New Group

Continued appointments in the New Group - Two weeks ago we announced the names of the heads of a number of business areas and group staff functions in the new group. This announcement of additional managers reflects joint decision power and a wish to support the dynamic and positive internal response to the merger agreement in both Unidanmark and MeritaNordbanken. A clear management structure creates the best foundation for the integration process to follow after the expiry of the offer period, says Thorleif Krarup, Deputy Group CEO of the new group. Management and organisational structure in Asset Management Nordic Baltic Holding's Asset Management unit, which is headed by Christian Clausen, has established its future organisational structure and appointed its management. The unit will be among the leading asset managers in the Nordic financial market with approx. EUR 100bn under management. The organisational structure in Asset Management reflects the business structure with focus on client-specific concepts and cross-functional responsibilities. The first line of management will consist of Staffan Grefbäck, Ole Jacobsen, Allan Polack, Eira Palin-Lethinen, Tommy Jacobson and Jhon Mortensen. The organisational structure and appointments are subject to completion of the proposed merger and ensuing due processes with labour unions. Three central business units cover the cross-functional responsibilities: Mutual Funds, Intermediary and Internet Distribution The unit will be headed by Staffan Grefbäck. Mutual Funds will hold the cross-functional responsibility for set-up, strategies, concepts and the marketing of mutual funds as well as the responsibility for intermediary and Internet distribution. Investment Management and Institutional Clients The unit will be headed by Ole Jacobsen. Investment Management will hold the responsibility for the delivery of investment management services and for servicing institutional clients. Long Term Savings & Life and Network Private Banking The unit will be headed by Allan Polack. Long Term Savings & Life and Network Private Banking will hold the responsibility for the development of concepts to and sales support of clients in the retail banks as well as Private Banking activities closely linked to the three retail banks' branch networks. In addition to the business units with cross-functional responsibilities, there will be three more business units in the following areas: Private Banking and Wealth Management in Finland The unit will be headed by Eira Palin-Lehtinen, who will also be appointed Chairman of the Board of Trevise and board member in the Private Banking unit in Luxemburg. Stand-alone Private Banking (Trevise) The unit will be headed by Tommy Jacobson. Off-shore Private Banking in Europe (Luxembourg), The unit will be headed by Managing Director Jhon Mortensen with Kjell Westermark and Lars Højberg as Deputy Managing Directors. Corporate and Institutional Banking In Corporate and Institutional Banking area Jonas Holmberg has been appointed Controller reporting both to the CFO Arne Liljedahl and the Head of Corporate and Institutional Banking, Markku Pohjola. For further information: Christian Clausen, Head of Asset Management, +45 33 33 15 00 Erik Evrén, Corporate Communications and Identity, +46 8 614 86 11 Torben Laustsen, Deputy Head of Corporate Communications and Identity, +45 33 33 34 51 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/06/20000406BIT00310/bit0001.doc http://www.bit.se/bitonline/2000/04/06/20000406BIT00310/bit0002.pdf