Due to the decision of Elisa Plc to pay an extra dividend, Nordea Bank AB (publ) will carry out an adjustment to the terms of its Elisa warrants on 19.3.2008. The adjustment shall be executed in accordance with the rules of the OMX Derivatives Markets and the OMX Exchange notice 10/08. According to the rules of the OMX Derivatives Markets, the adjustment is executed as follows: The exercise price of the warrant is multiplied by the adjustment factor (decimals not rounded) and the multiplier of the warrant is divided by the adjustment factor (decimals not rounded). The resulting new exercise price and new multiplier are rounded to the nearest two decimals. Following example clarifies the calculation formula that the Elisa warrants will be subject to. Example: +-------------------------------------------------------------------+ | Warrant: | 8OELIEW200 | |----------------------------+--------------------------------------| | Elisa extra dividend: | 1,00 eur | |----------------------------+--------------------------------------| | Elisa ordinary dividend: | 0,80 eur | |----------------------------+--------------------------------------| | Ex date of dividend: | 19.3.2008 | |----------------------------+--------------------------------------| | Average price on | 19,18527762 eur | | 18.3.2008: | | |-------------------------------------------------------------------| | Adjustment factor( | | 19,18527762 - 0,80 - 1,00) / (19,18527762 - 0,80): 0,9456087 | |-------------------------------------------------------------------| | New exercise price | | |----------------------------+--------------------------------------| | 20 * 0,9456087: | 18,91 (rounded to nearest 2 | | | decimals) | |----------------------------+--------------------------------------| | New multiplier | | |----------------------------+--------------------------------------| | 5 * 0,9456087: | 4,73 warrant/share (rounded to | | | nearest 2 decimals) | +-------------------------------------------------------------------+ The calculation formula is defined in the OMX Derivatives Markets' Rules and regulations for derivatives, section 4.5.3.6.1. The adjustment will be calculated in accordance with the adjustment factor provided by the Stock Exchange. The adjustment factor is notified on 18.3.2008 after 17.30 (CET). New exercise prices and multipliers will enter into force on 19.3.2008. The completed new terms for the warrants are available in the Internet-site of Nordea Bank Finland Plc (www.nordea.fi/warrantit). The adjustment will concern the following warrants: Old trading code: 8OELIEW200 New trading code: 8OELIEW20X ISIN code: FI0009644694 Multiplier: 4,73 (warrant/share) Strike price: 18,91 EUR Old trading code: 8CELIEW210 New trading code: 8CELIEW21X ISIN code: FI0009644702 Multiplier: 4,73 (warrant/share) Strike price: 19,86 EUR Old trading code: 8CELIEW230 New trading code: 8CELIEW23X ISIN code: FI0009644710 Multiplier: 4,73 (warrant/share) Strike price: 21,75 EUR Helsinki, 19 March 2008 NORDEA BANK AB (publ) Tommi Saarnio For further information, please contact Tommi Saarnio tel. +358 9 369 49354.
Adjustment to the terms of Elisa warrants due to extra dividend
| Source: Nordea Bank AB (publ.)