OREANDA-NEWS. As part of a continued review of the product range, the Board of Directors of Nordea 1, SICAV (the “Company”) would like to inform the shareholders of the Company of its decision to terminate the Sub-fund “Nordea 1 – Sterling Bond Fund” as per April 30, 2009 in accordance with chapter “Dissolution and Merger” of the Prospectus, considering that the Sub-Fund is no longer economically viable due to its low assets under management, and that it is in the best interest of the shareholders to close the Sub-fund, reported the press-centre of Nordea.

Shares in this Sub-fund are therefore no longer issued, redeemed or converted, and the price calculation is suspended as of April 27, 2009 and until the date of liquidation (April 30, 2009).

All assets and liabilities will be realised and the net proceeds of the realisation will be distributed to the Shareholders in proportion to their holding of shares on April 30, 2009. The liquidation price per share will be calculated on April 30, 2009 and paid to the Shareholders in accordance with the prospectus.

Any amount not claimed by any Shareholder will be deposited at the close of the liquidation with the Custodian Bank, Nordea Bank S.A. at 562, rue de Neudorf, L-2220 Luxembourg, Grand Duchy of Luxembourg. Within a period of 9 months after the decision to liquidate the Sub-fund, any outstanding amount will be deposited in escrow with the Caisse de Consignation in Luxembourg.