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 Nordstrom 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 Nordstrom 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
Grefback, representing Alecta, Lars Ole Wurtz 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
Nordstrom new Board members.
Harald Arnkvarn, Claus Hoeg Madsen and Timo Peltola are proposed to be
reelected. Dan Andersson and Edward Andersson have declined reelection.

Hans Dalborg, Kjell Aamot, Bernt Magnusson, Jorgen Hoeg 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 Evren, Head of Group Media Relations, +46 8 614 8611