REG - Nordea Bank Abp - Nordea completes fourth share buy-back programme

Nordea Bank AbpAnnouncement

22/02/2024 16:15

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RNS Number : 1617E  Nordea Bank Abp  22 February 2024

Nordea completes fourth share buy-back programme

Nordea Bank Abp

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

22 February 2024 at 17.00 EET

Nordea has now completed its fourth share buy-back programme announced in
April 2023. From 28 April 2023 to 21 February 2024, Nordea repurchased
97,406,133 of its own shares (FI4000297767) at an average price per share of
EUR 10.26.

On 26 April 2023, Nordea announced a share buy-back of up to EUR 1.0bn, based
on the authorisation granted to the Board by the 2023 Annual General Meeting.
The purpose of share buy-backs is to pursue an efficient capital structure and
generate sustainable shareholder returns by reducing Nordea's excess capital.
Since the inception of the inaugural buy-back programme in October 2021,
Nordea has distributed EUR 5.5bn to its shareholders through repurchasing
around 544 million shares at an average price of EUR 10.09 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 the fourth buy-back programme reduced the company's
unrestricted equity by EUR 1.0bn. Nordea now holds 15,912,565 treasury shares
for capital optimisation purposes and 4,787,315 treasury shares for
remuneration purposes.

Nordea expects to continue to use share buy-backs to distribute excess capital
to Nordea's shareholders in accordance with Nordea's capital and dividend
policy.

For further information:

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

Media inquiries, +358 10 416 8023 or press@nordea.com

The information provided in this stock exchange release was submitted for
publication, through the agency of the contacts set out above, at 17.00 EET on
22 February 2024.

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