The Nomination Committee of Nordea Bank AB (publ) was established by decision of
the annual general meeting 2009 and comprises Kristina Ekengren, deputy
director, Swedish government and chairman of the Nomination Committee, Kari
Stadigh, CEO of Sampo Abp, Mogens Hugo, chairman of Nordea-fonden, Ingrid Bonde,
managing director of AMF, and Hans Dalborg, chairman of the board of directors.
The Nomination Committee announces today its proposals to Nordea's annual
general meeting on 25 March 2010. The proposals will also be presented in the
notice to attend the meeting.

Election of board members and chairman of the board
The Nomination Committee proposes re-election until the end of the next annual
general meeting of Hans Dalborg, Stine Bosse, Marie Ehrling, Svein Jacobsen, Tom
Knutzen, Lars G Nordström, Björn Savén and Björn Wahlroos and also that Sarah
Russell and Kari Stadigh be elected as board members for the same period. Timo
Peltola and Heidi M Petersen are not available for re-election.

The Nomination Committee proposes that Hans Dalborg be re-elected as chairman of
the board.

Sarah Russell and Kari Stadigh are proposed as new members of the board
Sarah Russell was born 1962. She has a Master of Applied Finance from Macquarie
University in Sydney. Sarah Russell worked for ABN AMRO 1994-2008 in a number of
management roles. She was Senior Executive Vice President and CEO of ABN AMRO
Asset Management 2006-2008, Managing Director and CFO of Wholesale Clients
Business Unit 2004-2005, Global Head of Financial Markets Research and Global
Head of Infrastructure Support 2002-2004, Business Manager to Senior Executive
Vice President of Global Financial Markets 2000-2002, Director, Head of
Corporate Sales Australia and New Zealand 1998-2000, Director, Head of
Commodities in Sydney 1997-1998, and Associate Director and Director, Treasury
Sales in Sydney 1994-1997. During 1981-1994 she worked for Toronto Dominion
Australia Limited in a number of trading, sales and management roles in
Financial Markets. Sarah Russell owns no shares in Nordea.

Kari Stadigh was born 1955. He has a Master of Science (Eng.) from Helsinki
University of Technology and a Bachelor of Business Administration (Econ.) from
The Swedish School of Economics in Helsinki. Kari Stadigh is Group CEO and
President of Sampo plc since 2009. He was deputy CEO of Sampo plc 2001-2009.
Before that he was President of Sampo Life Insurance Company Ltd 1999-2000, Nova
Life Insurance Company Ltd 1996-1998, Jaakko Pöyry Group 1991-1996 and JP
Finance Oy 1985-1991. Kari Stadigh is chairman of the boards of Kaleva Mutual
Insurance Company, Mandatum Life Insurance Company Limited, If P&C Insurance
Holding AB (publ) and Alma Media Corporation. Kari Stadigh owns no shares in
Nordea.

Independence pursuant to the Swedish code for corporate governance
Of the board members, all members apart from Stine Bosse and Lars G Nordström
are considered independent in relation to the company and its management. The
majority of the proposed board members are thus independent in relation to the
company and its management. Stine Bosse is managing director and CEO of
TrygVesta A/S whose subsidiary TrygVesta Forsikring A/S has concluded agreements
with companies within the Nordea group concerning property insurance and sales
of life and pension products. Lars G Nordström was employed as President and CEO
of Nordea Bank AB (publ) until 13 April 2007.

Of the proposed board members, all members apart from Kari Stadigh and Björn
Wahlroos are considered independent in relation to the company's major
shareholders. At least two of the proposed board members who are independent in
relation to the company and its management are thus also independent in relation
to the company's major shareholders. Kari Stadigh is managing director and CEO
of Sampo plc, which owns more than ten per cent of all shares and votes in
Nordea Bank AB (publ). Björn Wahlroos is board chairman of Sampo plc, which owns
more than ten per cent of all shares and votes in Nordea Bank AB (publ).

Fees to the board members and auditors
The Nomination Committee proposes unchanged fees to board members which means
that the annual general meeting sets the fees to the board in the amount of EUR
252,000 to the chairman, EUR 97,650 to the deputy chairman and EUR 75,600 per
member to the other members. In addition remuneration shall be paid for
committee meetings in the amount of EUR 2,370 to the committee's chairman and
EUR 1,840 per meeting to the other members. Remuneration is not paid to the
members who are employees of the Nordea group.

Fees to the auditors are proposed to be payable as per invoice.

Establishment of Nomination Committee
It is proposed that a new Nomination Committee be established with the task of
presenting to the annual general meeting 2011 a proposal concerning election of
board of directors, chairman of the board and auditors and also fees to the
board members and auditors.




For further information:
Kristina Ekengren, chairman of the Nomination Committee, 08 405 58 02


[HUG#1377194]





    Kari Stadigh (JPG): http://hugin.info/1151/R/1377194/338264.JPG
    Sarah Russell (JPG): http://hugin.info/1151/R/1377194/338265.JPG
    Press release (PDF): http://hugin.info/1151/R/1377194/338263.pdf