Nordea Bank AB

Nordea completes its share buy-back programme announced in October 2024

Nordea Bank Abp

Stock exchange release - Other information disclosed according to the rules of

the Exchange

21 February 2025 at 13.00 EET

Nordea has now completed its share buy-back programme announced in October 2024.

From 21 October 2024 to 20 February 2025, Nordea repurchased 22,699,348 of its

own shares (FI4000297767) at an average price per share of EUR 11.01.

On 17 October 2024, Nordea announced a share buy-back of up to EUR 250m, based

on the authorisation granted to the Board by the 2024 Annual General Meeting.

The purpose of share buy-backs is to maintain an efficient capital structure and

improve shareholder returns by trimming Nordea's capital. Since the inception of

the inaugural buy-back programme in October 2021, Nordea has distributed EUR

5.7bn to its shareholders through repurchasing around 567 million shares at an

average price of EUR 10.12 per share.

Nordea repurchased the shares in public trading otherwise than in proportion to

the shareholdings of its shareholders (directed repurchases). The repurchased

shares were cancelled on a monthly basis.

The repurchases of this buy-back programme reduced the company's unrestricted

equity by EUR 250m. Nordea now holds 6,902,275 treasury shares for capital

optimisation purposes and 11,513,966 treasury shares for remuneration purposes.

Nordea aims to keep returning excess capital to shareholders through share buy

-backs and remains in close dialogue with the European Central Bank (ECB)

regarding a new programme.

For further information:

Ilkka Ottoila, Head of Investor Relations, +358 9 5300 7058

Media inquiries, +358 10 416 8023 or [email protected]

The information provided in this stock exchange release was submitted for

publication, through the agency of the contacts set out above, at 13.00 EET on

21 February 2025.

We are a universal bank with a 200-year history of supporting and growing the

Nordic economies - enabling dreams and aspirations for a greater good. Every

day, we work to support our customers' financial development, delivering best-in

-class omnichannel customer experiences and driving sustainable change. The

Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq

Stockholm exchanges. Read more about us at nordea.com.

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