NORDEA notes to be placed via the Riga Stock Exchange

15.04.2004 RIG

Primary placement of “Nordea Bank Finland Plc.” medium-term notes will take place on the Riga Stock Exchange on April 27, 2004. Altogether 730 bearer notes will be offered at total value of LVL 7.3 million. The nominal value of one note is LVL 10,000. The notes mature on September 20, 2004, and the coupon is 3.50% per year.

Primary placement of “Nordea Bank Finland Plc” notes will take place on the Riga Stock Exchange automated trading system during the trading session of April 27, pursuant to the placement procedure specified in the issue prospectus. Pursuant to the provisions of the prospectus, the price will be set during the auction; the issuer shall set the bottom selling price. Any investor may participate at the primary placement auction by submitting the bids to banks or brokerage companies licensed for public trading and custody services.

April 29, 2004 is the settlement date for the notes purchased at the auction.

Pursuant to the RSE Management Board resolution, the”Nordea Bank Finland Plc.” (represented by “Nordea Bank Finland Plc Latvia branch) notes placed via the auction on April 27 will be listed on the RSE Official debt securites list on May 5, 2004.

Total value of the notes issue is LVL 2,700,000. 270 notes of the same issue are already listed and quoted on the RSE Official debt securities list since March 25, 2004.

Addition information
Krista Grīntāle
Director of Coroprate Communications Department
Riga Stock Exchange
Phone: 371 7212431