Nordax Bank AB (publ) announces the results of its invitation to holders of its outstanding senior unsecured floating rate bonds outlined below (the "Bonds") to tender their Bonds for purchase by the Issuer for cash (the "Tender Offer") subject to the terms and conditions described in the tender information document dated 26 May 2023 ("Tender Information Document"). Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Information Document. At the time of expiration of the Tender Offer at 15:00 CEST on 31 May 2023, the Issuer had received valid tenders of SEK 354,000,000 & NOK 498,000,000 in aggregate nominal amount pursuant to the Tender Offer.

The Issuer has determined that valid tenders of Bonds shall be accepted as set out below. The Transaction Cap is therefore raised to NOK 696,596,844. Description of the Bonds: SEK 600,000,000 FRN due December 2023, NOK 1,200,000,000 FRN due December 2023, NOK 1,850,000,000 FRN due May 2024.

Nominal amount tendered: SEK 354,000,000, NOK 298,000,000, NOK 200,000,000. Nominal amount accepted for purchase: SEK 266,000,000, NOK 224,000,000, NOK 200,000,000. Purchase Price: 100.000%, 100.000%, 99.000%.

Scaling Factor: 76.00%, 76.00%, N/A. The Issuer will also pay accrued and unpaid interest from, and including, the previous interest payment date until, but excluding, the settlement date. The settlement date for the Tender Offer will occur on 7 June 2023. Settlement of the transactions pursuant to the Tender Offer will occur as a secondary trade via Nordea Bank Abp.

All tendering holders should coordinate the trade bookings with their local sales representative immediately. Bonds tendered and accepted by the Issuer for purchase pursuant to the Tender Offer will remain outstanding on the Issuer's balance sheet.