Nordea signs USD 150 million frame agreement

A USD 150 million frame agreement for export and project finance was
signed between Nordea and the Central American Bank for Economic
Integration (CABEI) at the Annual Meeting of the Inter American
Development Bank in Milan. The agreement is the largest single contract
CABEI has ever signed with a private bank.

"The loans under this frame agreement will be used to finance Nordic-
related projects in the Central American countries," said Elisabeth
Henrikson, Relationship Manager, Latin America. "Nordic companies are
increasingly active in various infrastructure projects in Central
America. The majority of the loans will be guaranteed by the Nordic
export credit agencies. The terms and conditions for each loan will be
agreed on a case-by-case basis."

The Central American Bank for Economic Integration is a supranational
development bank founded in 1960 by the governments of the five Central
American countries: El Salvador, Guatemala, Honduras, Nicaragua and
Costa Rica. In 1992, in order to strengthen the capital of the bank and
its relations to countries outside Central America, Mexico, Argentina,
China and Colombia joined as shareholders. CABEI enjoys a preferred
creditor status in the five Central American countries and has a rating
of Baa1 from Moody's, BBB from Fitch and BBB- from Standard & Poor's.

For further information:
Elisabeth Henrikson, Relationship Manager, Latin America, +46 8 614 8479
Lena Hoglund-Rosen, Media Relations Officer, +46 8 614 6552

Nordea is the leading financial services group in the Nordic and Baltic
Sea region and operates through three business areas: Retail Banking,
Corporate and Institutional Banking and Asset Management & Life. The
Nordea Group has more than 10 million customers and 1,240 bank branches.
The Nordea Group is a world leader in Internet banking, with 3.3 million
e-customers. The Nordea share is listed in Stockholm, Helsinki and
Copenhagen.

www.nordea.com