#Finland #Shareholders #Helsinki #Nomination Board #Nordea

Introduction to Nordea's Shareholders' Nomination Board

Nordea Bank Abp, a leading banking institution in the Nordic region, has recently made significant strides in corporate governance with the establishment of its Shareholders' Nomination Board. This board is set up to engage in crucial activities related to the nomination process for the Board of Directors and ensure alignment with shareholder interests.

Composition of the Nomination Board

Appointed on May 19, 2026, the Nomination Board is composed of key figures in the corporate governance landscape. It includes the Chair of the Board of Directors alongside representatives from the four largest shareholders based on their voting rights as of April 30, 2026. The individuals comprising this board are:

• - Lars Ingemann Nielsen, Executive Vice President and CFO, Nordea-fonden
• - Niko Pakalén, Partner, Cevian Capital
• - Daniel Kristiansson, Governance and Stewardship Specialist, Alecta
• - Timo Sallinen, Director, Head of Listed Securities, Varma Mutual Pension Insurance Company
• - Sir Stephen Hester, Chair of the Board of Directors, Nordea Bank Abp

In its inaugural meeting, Niko Pakalén was elected as the Chair of the Nomination Board, demonstrating a commitment to strategic leadership and collaboration.

Objectives and Responsibilities

The primary objective of the Nomination Board is to prepare vital proposals for the Annual General Meeting (AGM). This includes recommendations related to the election and remuneration of the Chair and Board members. They will also fulfill specific additional duties as outlined in their Charter. The composition of the board reflects ownership interests, as together these shareholders represent approximately 9.36% of all shares and voting rights in Nordea.

This process not only facilitates active participation from significant stakeholders but also aligns Nordea's governance practices with shareholder expectations. Such structures are crucial for reinforcing transparency and accountability in corporate operations.

Importance of Shareholders' Participation

The establishment of the Nomination Board highlights Nordea's commitment to engaging with its shareholders directly. By incorporating the insights and perspectives of the largest shareholders, the board ensures that the interests of investors are adequately represented.

Having members from diverse backgrounds and specialties bolsters the decision-making process, allowing the bank to navigate the complex landscape of financial services more effectively. This initiative is aligned with Nordea's philosophy of inclusive governance, emphasizing the importance of collaboration across different domains within the business.

Conclusion

The composition and function of the Shareholders' Nomination Board at Nordea Bank signify a proactive step towards robust governance. As the bank continues to evolve, the effective workings of this board will support its strategic objectives and ensure that it remains resilient in the face of changing market dynamics. Nordea's approach of involving major stakeholders is a testament to its dedication to fostering sustainable business practices and enhancing shareholder value.

For additional inquiries about the Nomination Board or Nordea Bank's operations, please reach out to Ilkka Ottoila, Head of Investor Relations. This move underscores Nordea's commitment to maintaining high standards of corporate governance while paving the way for future success in the financial sector.