Nordea Bank AB (publ) will launch 3 new turbo warrant series on April
25th 2008 under its warrant programme. The underlying assets of the
turbo warrants are Nokia share (NOK1V). The warrants are call and put
turbo warrants. The turbo warrants are redeemed by cash payment. Upon
expiry of a turbo warrant, the possible net value is paid in cash to
the holder of the warrant.
Warrant specific terms and conditions
All turbo warrants are issued under the warrant programme of Nordea
Bank AB (publ) dated 29 May 2007.  The base prospectus for the
warrant programme and the final terms for each turbo warrant serie
are available at the issuer's website: The
following terms only summarize the final terms and the base

Issuer             Nordea Bank AB (publ)
Instrument name    Turbo Warrant (call / put)
Underlying asset   Nokia share (NOK1V)
Barrier Reference  Most recent transaction prices during continuous
Price              trading quoted on a Reference Source commencing
                   from the Listing Date up to and including the
                   Expiration Date. The Bank reserves the right to
                   determine whether a level is reasonable and may
                   thereby constitute a Barrier Reference Price.
Cash Settlement    Where the Barrier Reference Price on a trading day
amount             on the Reference Source is equal to or lower than
                   the Barrier Level (Turbo Call Warrant) or equal to
                   or higher than the Barrier Level (Turbo Put
                   Warrant), the Turbo Warrant becomes worthless and
                   no Cash Settlement Amount is paid out.
                   In other cases:
                   Turbo Call Warrant: (Closing Price - Strike Price)
                   x Multiplier
                   Turbo Put Warrant: (Strike Price - Closing Price)
                   x Multiplier
Closing Price      Reference Price on Closing Price Determination
Closing Price      Official Closing price on Expiration Date/Final
Determination Date Trading Day
Expiration date /  The earlier of Expiration Date in Final Terms,
Final trading day  Part 2, Table 2 or for:
                   Turbo Call Warrants: The trading day with respect
                   to which a Barrier Reference Price is listed equal
                   to or lower than the Barrier Level.
                   Turbo Put Warrants: The trading day with respect
                   to which a Barrier Reference Price is listed equal
                   to or higher than the Barrier Level.
Market place       OMX Nordic Exchange Helsinki
Reference Source   OMX Nordic Exchange Helsinki
Reference price    Official Closing provided by OMX Nordic Exchange
determination      Helsinki
Exercise procedure The Bank carries out automatic cash settlement
Listing currency   EUR
Trading lot        1 warrant
Market maker       Nordea Bank Finland Plc operates as the Market
                   Nordea Bank Finland Plc undertakes to provide bid
                   and ask quotation for the warrants during the time
                   the warrant is subject to public trading. The
                   undertaking is valid in the continuous trading of
                   the stock exchange.
                   The difference between bid and ask quotation is at
                   the most:
                   10 cent, if the ask quotation is less than EUR
                   20 cent, if the ask quotation is more than or
                   equal to EUR 2.00
                   Quotations concern a minimum of one thousand
                   warrants. No bid quotation is given for warrants
                   the market value of which is less than one (1)
                   cent. Market Maker is entitled to define the
                   values of the parameters affecting the market
                   making quotation. Market Maker is not liable to
                   maintain its duties as Market Maker, if trading
                   with the underlying securities has ceased.
                   Market Maker reserves the right to temporarily
                   decline to quoting bid and ask prices during a
                   period in which the Market Maker hedges its own
                   position in an Underlying Assets and at such time
                   as the Market Maker believes there are to be
                   significant difficulties in quoting bid and ask
                   prices due to technical reasons.
                   In conjunction with such limitation of the Market
                   Maker's obligation to quote bid and ask prices,
                   the Market Maker shall notify parties on the
                   market regarding the limitation through a notice
                   via the exchange/marketplace.
Additional         Additional information on the company and the
information on the development of the value of the underlying company
underlying asset   is available on the website of the OMX Nordic
and underlying     Exchange Helsinki:
company   and on the
                   website of the underlying company:
                    Additional information on the volatility of the
                   underlying asset is available from the issuer,      tel. +358 9 369 49134.
                   The investors should analyse information on the
                   company issuing the share before making decisions
                   on warrants.

The warrants to be issued:
Table 1:         

Turbo        Turbo        Underlying Underlying   Additional
Warrant      Warrant      instrument instrument   Information on the
Trading code ISIN code               ISIN code    underlying
8FNOKEW16T   FI0009648679 Nokia Oyj  FI0009000681
8RNOKEW20T   FI0009648687 Nokia Oyj  FI0009000681
8RNOKEW21T   FI0009648695 Nokia Oyj  FI0009000681

Table 2:

Turbo      Strike  Type Multiplier Total     Issue date Expiration Settlement
Warrant    price /                 number of            Date       Date
Trading    Barrier                 warrants
code       level
8FNOKEW16T   16     C       1      5,000,000 25/04/2008 19/06/2008 27/06/2008
8RNOKEW20T   20     P       1      5,000,000 25/04/2008 19/06/2008 27/06/2008
8RNOKEW21T   21     P       1      5,000,000 25/04/2008 19/06/2008 27/06/2008

Helsinki, April 24th 2008
Petri Simberg   
For further information, please contact Petri Simberg tel. +358-9-369