Annual General Meeting of Shareholders in Nordea 2003

Today's Annual General Meeting of Nordea AB (publ) approved the income
statement and balance sheet for 2002. The General Meeting decided on a
dividend payment in the amount of EUR 0.23 per share and that the record
date would be 29 April 2003. Payment is expected to be made on 7 May
2003.

The Board and the President were discharged from liability for the year
2002.

Gunnel Duveblad, Birgitta Kantola and Lars G Nordstrom were elected
members of the Board for a period of two years. Gunnel Duveblad, born
1955, is the managing director of EDS North Region, which comprises
Denmark, Finland, Norway, Sweden, Belgium, the Netherlands and
Luxembourg. Birgitta Kantola, born 1948, is a financial consultant and a
board member of Fortum Abp, Vasakronan AB and Akademiska Hus AB. Lars G
Nordstrom, born 1943, is President and Chief Executive Officer of
Nordea.

Harald Arnkvarn, Claus Hoeg Madsen and Timo Peltola were reelected as
Board members for a period of two years. Dan Andersson and Edward
Andersson declined reelection.

Consequently, the Board now comprises the following persons: Kjell
Aamot, Harald Arnkvarn, Hans Dalborg, Gunnel Duveblad, Birgitta Kantola,
Claus Hoeg Madsen, Bernt Magnusson, Lars G Nordstrom, Jorgen Hoeg
Pedersen, Timo Peltola and Maija Torkko. At the subsequent constituent
meeting of the Board Hans Dalborg was elected Chairman of the Board.

KPMG Bohlins AB were reelected as auditors for the time period up to the
Annual General Meeting 2007.

The General Meeting decided to establish a nomination committee for the
period up to the next Annual General Meeting. The purpose of the
nomination committee is to put forward proposals before the next General
Meeting for decisions on election of Board members and auditors, as well
as remuneration to the aforementioned. The nomination committee will
comprise the chairman of the Board and a minimum of three and a maximum
of five additional members. The three shareholders, with the largest
holdings in the Company, are entitled to appoint one member each. In
addition, the chairman and the three other members are entitled to
appoint a further one or two members for the purpose of promoting a
composition of the committee that as far as possible reflects the
overall distribution of shares in Nordea.

Moreover, the General Meeting decided to reduce the share capital by EUR
22,593,410.56. After reduction the share capital will amount to EUR
1,160,460,823.12. The reduction will be implemented through retirement,
without repayment, of the 57,008,000 shares that have been repurchased
and are held by Nordea. The reduction amount will be allocated to a fund
to be used in accordance with decisions by the General Meeting.

The General Meeting decided to authorise the Board, for a maximum time
period extending until the next General Meeting, to decide on the
conveyance of the Company's own shares on stock exchanges where the
shares are listed, or according to acquisition offers to all of the
Company's shareholders. Total acquisitions may amount to one tenth of
all of the shares in the Company. The purpose of acquisition is to
convey funds back to the Company's shareholders and in this way
contribute to more effective utilisation of the Company's resources.
Acquisitions will be paid from a fund set up for this purpose pursuant
to decisions taken by the General Meetings of 19 November 1999, 11 April
2000 and 24 April 2003.

For further information:
Erik Evren, Chief Communication Officer, +46 8 614 8611