Common use of BASIS OF THE MERGER Clause in Contracts

BASIS OF THE MERGER. 2.1 In July 2023, the Danske Bank group and Nordea group entered into an agreement which among other things en- tails that substantially all of the retail banking business that Danske Bank has so far operated in Norway through its Norwegian branch shall be transferred to Nordea's Norwegian branch. In connection with this agreement, an agreement to merge several funds, including the Norwegian Fund and the Finnish Fund, has also been estab- lished. 2.2 With the merger, the Nordea group aims to strengthen its market position on the Norwegian retail customer mar- ket.

BASIS OF THE MERGER. 2.1 In July 2023, the Danske Bank group and Nordea group entered into an agreement which among other things en- tails entails that substantially all of the retail banking business that Danske Bank has so far operated in Norway through its Norwegian branch shall be transferred to Nordea's Norwegian branch. In connection with this agreement, an agreement to merge several funds, including the Norwegian Fund and the Finnish Fund, has also been estab- lished. 2.2 With the merger, the Nordea group aims to strengthen its market position on the Norwegian retail customer mar- ket.

BASIS OF THE MERGER. 2.1 In July 2023, the Danske Bank group and Nordea group entered into an agreement which among other things en- tails that substantially all of the retail banking business that Danske Bank has so far operated in Norway through its Norwegian branch shall be transferred to Nordea's Norwegian branch. In connection with this agreement, an agreement to merge several funds, including the Norwegian Fund and the Finnish Fund, has also been estab- lished. 2.2 With the merger, the Nordea group aims to strengthen its market position on the Norwegian retail customer mar- ket.

BASIS OF THE MERGER. 2.1 In July 2023, the Danske Bank group and Nordea group entered into an agreement which among other things en- tails entails that substantially all of the retail banking business that Danske Bank has so far operated in Norway through its Norwegian branch shall be transferred to Nordea's Norwegian branch. In connection with this agreementagree- ment, an agreement to merge several funds, including the Norwegian Fund and the Finnish Fund, has also been estab- lished. 2.2 With the merger, the Nordea group aims to strengthen its market position on the Norwegian retail customer mar- ketestablished.