Equity Capital Markets Credentials

Equity Capital Markets credentials

June 2018

Strictly private and confidential Nordea Markets – Investment Banking Selected Equity Capital Markets credentials

May 2018 May 2018 April 2018 March 2018 March 2018 March 2018 ABB ABB ABB IPO IPO IPO

Create Create Create Create Create tombstoneDeal value tombstoneDeal value tombstoneDeal value tombstoneDeal value tombstoneDeal value Deal value hereDKK 1.0bn hereEUR 130m hereUSD 175m hereEUR 174m hereEUR 1.4bn DKKNOK 1.4bn7,397m

Joint Global Coordinator Joint Bookrunner Joint Bookrunner Sole Global Coordinator Co-Lead Manager Joint Bookrunner and Joint Bookrunner

March 2018 March 2018 February 2018 December 2017 November 2017 November 2017 ABB ABB IPO Accelerated Accelerated Accelerated bookbuilding bookbuilding bookbuilding

Create Create Create Create Create tombstoneDeal value tombstoneDeal value tombstoneDeal value tombstoneDeal value Deal value tombstoneDeal value hereNOK 747 hereEUR 468m hereNOK 832m hereDKK 4.0bn SEK 1.27bn hereNOK 2,032m

Joint Bookrunner Joint Bookrunner Joint Bookrunner Sole Bookrunner Joint Global Joint Bookrunner Coordinator and Joint Bookrunner

October 2017 September 2017 August 2017 June 2017 May 2017 May 2017 Accelerated Accelerated Accelerated IPO IPO IPO bookbuilding bookbuilding bookbuilding

Create Create Create Create tombstoneDeal value tombstoneDeal value Deal value tombstoneDeal value tombstoneDeal value Deal value hereNOK 4,117m hereSEK 3.4bn DKK 2.4bn hereEUR 65m hereNOK 1.6bn SEK 2.3bn

Joint Bookrunner Joint Bookrunner Joint Bookrunner Sole Global Coordinator Joint Global Coordinator Joint Bookrunner and Joint Bookrunner and Joint Bookrunner

1 ECM Tombstones | Last updated: June 2018 Nordea Markets – Investment Banking Selected Equity Capital Markets credentials

April 2017 March 2017 March 2017 February 2017 February 2017 February 2017 Accelerated IPO Accelerated Accelerated Accelerated Accelerated bookbuilding bookbuilding bookbuilding bookbuilding bookbuilding

Create Create Create Create Create Create tombstoneDeal value tombstoneDeal value tombstoneDeal value Deal valuetombstone Deal valuetombstone Deal valuetombstone hereNOK 1.7bn hereSEK 2.3bn hereNOK 380m DKK 6.5bnhere USD 100mhere USD 208here

Joint Bookrunner Joint Global Coordinator Joint Bookrunner Joint Bookrunner Joint Bookrunner Joint Bookrunner and Joint Bookrunner

January 2017 January 2017 December 2016 November 2016 November 2016 November 2016 Accelerated Accelerated Rights issue IPO IPO Accelerated Bookbuilding bookbuilding bookbuilding

Create Create Create Create Create Deal valuetombstone Deal valuetombstone Deal valuetombstone tombstoneDeal value Deal value Deal valuetombstone DKK 900mhere DKK 1.1bnhere SEK 1.9bnhere hereNOK 1.2bn SEK 1.2bn NOK 1.9bnhere

Sole Bookrunner Joint Bookrunner Joint Global Coordinator Joint Global Coordinator Joint Global Coordinator Joint Bookrunner and Joint Bookrunner and Joint Bookrunner and Joint Bookrunner

November 2016 November 2016 November 2016 October 2016 October 2016 October 2016 Rights issue Accelerated Accelerated Accelerated IPO Rights issue bookbuilding bookbuilding bookbuilding

Create Create Create Create Create Deal valuetombstone Deal value Deal valuetombstone tombstoneDeal value Deal valuetombstone Deal valuetombstone SEK 3.0bnhere EUR 75m DKK 3.2bnhere hereDKK 1.4bn SEK 6.9bnhere SEK 707mhere

Sole Global Coordinator Joint Bookrunner Joint Bookrunner Joint Global Coordinator Joint Global Coordinator, and Joint Lead Manager and Joint Bookrunner Joint Bookrunner

2 ECM Tombstones | Last updated: June 2018 Nordea Markets – Investment Banking Selected Equity Capital Markets credentials

October 2016 September 2016 September 2016 September 2016 September 2016 July 2016

Accelerated Accelerated Accelerated Accelerated Accelerated Rights issue bookbuilding bookbuilding bookbuilding bookbuilding bookbuilding

Create Create Deal valuetombstone Deal value Deal value Deal value Deal value tombstoneDeal value NOK 455mhere DKKSEK 1.8bn1.4bn DKK 1.4bn SEK 1.7bn NOK 862m hereNOK 1,057m

Joint Bookrunner Financial Advisor and Sole Joint Bookrunner Joint Bookrunner Joint Bookrunner Joint Bookrunner Bookrunner

July 2016 July 2016 June 2016 June 2016 June 2016 May 2016 Rights issue Accelerated IPO IPO IPO Accelerated bookbuilding bookbuilding

Create Create Create Create Create Create Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone USD 100mhere NOK 1.3bnhere SEK 1.1bnhere DKK 19.7bnhere NOK 958mhere SEK 465mhere

Joint Bookrunner Joint Bookrunner Joint Bookrunner Joint Global Coordinator Joint Bookrunner Joint Bookrunner and Joint Bookrunner

May 2016 May 2016 May 2016 April 2016 April 2016 April 2016 Accelerated Accelerated Accelerated IPO Accelerated Accelerated bookbuilding bookbuilding bookbuilding bookbuilding bookbuilding

Create Create Create Create Create Create tombstoneDeal value Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone hereSEK 1.9bn NOK 1.1bnhere SEK 1.1bnhere EUR 181mhere SEK 1.2bnhere DKK 665mhere

Sole Bookrunner Joint Bookrunner Joint Bookrunner Joint Global Coordinator Joint Bookrunner Joint Global Coordinator and Joint Bookrunner and Joint Bookrunner

3 ECM Tombstones | Last updated: June 2018 Nordea Markets – Investment Banking Selected Equity Capital Markets credentials

March 2016 March 2016 March 2016 February 2016 February 2016 February 2016 Accelerated Directed share Accelerated Accelerated Accelerated Accelerated bookbuilding issue bookbuilding bookbuilding bookbuilding bookbuilding

Create Create Create Create Create Create Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone NOK 246mhere EUR 17mhere DKK 2.7bnhere SEK 735mhere SEK 2.0bnhere USD 200mhere

Sole Bookrunner Sole Bookrunner Joint Bookrunner Joint Bookrunner Joint Bookrunner Joint Lead Manager and Lead Manager and Settlement Agent and Settlement Agent and Joint Bookrunner

February 2016 December 2015 November 2015 November 2015 November 2015 November 2015 IPO Accelerated IPO Accelerated Accelerated Accelerated bookbuilding bookbuilding bookbuilding bookbuilding

Create Create Create Create Create Create Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone DKK 3.6bnhere NOK 590mhere SEK 4.8bnhere DKK 5.0bnhere SEK 1.6bnhere NOK 920mhere

Joint Global Coordinator Joint Global Coordinator Joint Bookrunner Joint Global Coordinator Joint Bookrunner Joint Global Coordinator and Joint Bookrunner and Joint Bookrunner and Joint Bookrunner and Joint Bookrunner

October 2015 September 2015 June 2015 June 2015 May 2015 May 2015 IPO Accelerated IPO Accelerated Preference share Accelerated bookbuilding bookbuilding issue bookbuilding

Create Create Create Create Create Create Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone SEK 3.2bnhere NOK 1.6bnhere SEK 2.6bnhere SEK 2.0bnhere SEK 700mhere NOK 268mhere

Joint Global Coordinator Manager Joint Global Coordinator Joint Bookrunner Sole Manager Sole Bookrunner and Joint Bookrunner and Joint Bookrunner and Bookrunner

4 ECM Tombstones | Last updated: June 2018 Nordea Markets – Investment Banking Selected Equity Capital Markets credentials

May 2015 May 2015 March 2015 March 2015 March 2015 February 2015

Private Accelerated Accelerated Rights issue IPO Accelerated placement bookbuilding bookbuilding bookbuilding

Create Create Shares in Create Create Create Create Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone NOK 252mhere DKK 401mhere DKK 7.3bnhere EUR 100mhere EUR 36mhere EUR 119mhere

Joint Bookrunner Sole Bookrunner Joint Bookrunner Global Coordinator Lead Manager Selling Agent and Sole Bookrunner

February 2015 February 2015 January 2015 December 2014 December 2014 November 2014 IPO Accelerated Accelerated Rights issue Accelerated Preference share bookbuilding bookbuilding bookbuilding issue

Create Create Create Create Create Create Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal valuetombstone SEK 2.0bnhere SEK 10.2bnhere DKK 359mhere SEK 2.0bnhere DKK 3.1bnhere SEK 1.9bnhere

Joint Global Coordinator Joint Bookrunner Joint Bookrunner Joint Lead Manager Selling Agent Joint Lead Manager and Joint Bookrunner and Joint Bookrunner

November 2014 September 2014 July 2014 June 2014 June 2014 June 2014 IPO Accelerated Rights issue IPO Accelerated IPO bookbuilding bookbuilding

Create Create Create Deal valuetombstone Deal valuetombstone Deal valuetombstone Deal value Deal value Deal value SEK 2.1bnhere DKK 5.1bnhere NOK 3.0bnhere NOK 440m DKK 259m SEK 6.2bn

Joint Global Coordinator Joint Bookrunner Joint Bookrunner Joint Lead Manager Joint Bookrunner Joint Global Coordinator and Joint Bookrunner and Joint Bookrunner and Joint Bookrunner

5 ECM Tombstones | Last updated: June 2018 Nordea Markets – Investment Banking Selected Equity Capital Markets credentials

May 2014 April 2014 April 2014 April 2014 March 2014 March 2014 Accelerated IPO Rights issue IPO IPO IPO bookbuilding

Deal value Deal value Deal value Deal value Deal value Deal value SEK 1.7bn USD 275m EUR 665m EUR 56m DKK 2.8bn DKK 9.4bn

Joint Global Coordinator Co-Lead Manager Joint ookrunnerGlobal Coordinator Lead Manager Joint Bookrunnerookrunner Joint Global Coordinator and Joint Bookrunner and Underwriter and Sole Bookrunner and Joint Bookrunner

March 2014 February 2014 February 2014 February 2014 January 2014 December 2013 Accelerated Preference share Accelerated Accelerated Accelerated IPO bookbuilding issue bookbuilding bookbuilding bookbuilding

Create Deal value Deal valuetombstone Deal value Deal value Deal value Deal value DKK 4.5bn SEK 3.5bnhere EUR 450m DKK 3.3bn DKK 1.2bn SEK 3.7bn

Joint Bookrunner Joint Lead Manager Co-Bookrunner Joint Global Coordinator Joint Bookrunner Joint Global Coordinator and Joint Bookrunner and Joint Bookrunner and Joint Bookrunner

December 2013 November 2013 September 2013 September 2013 September 2013 June 2013 Accelerated IPO Private Rights issue Accelerated IPO bookbuilding placement bookbuilding

Shares in Deal value Deal value Deal value Deal value Deal value Deal value EUR 74m USD 579m DKK 583m DKK 231m DKK 1.6bn DKK 2.8bn

Lead Manager Co-Lead Manager Adviser to CVC Sole Lead Manager Joint Bookrunner Joint Global Coordinator and Sole Bookrunner and Joint Bookrunner

6 ECM Tombstones | Last updated: June 2018 Nordea Markets – Investment Banking Selected Equity Capital Markets credentials

June 2013 June 2013 May 2013 May 2013 April 2013 February 2013 IPO IPO Accelerated Rights issue Rights issue Rights issue bookbuilding

Deal value Deal value Deal value Deal value Deal value Deal value Not disclosed USD 150m DKK 2.6bn SEK 514m SEK 5bn EUR 260m

Joint Lead Manager Joint Lead Manager Joint Bookrunner Lead Manager Joint Global Coordinator Joint Global Coordinator and Financial Adviser and Joint Bookrunner and Joint Bookrunner

February 2013 February 2013 December 2012 September 2012 May 2012 April 2012 Private Accelerated Listing of new Direct share Rights issue Rights issue placement bookbuilding shares issue

Deal value Deal value Deal value Deal value Deal value Deal value USD 250m SEK 1.5bn Not disclosed EUR 20m EUR 80m EUR 1.0bn

Joint Lead Manager Joint Global Coordinator Joint Lead Manager Joint Bookrunner Joint Global Coordinator Joint Global Coordinator, and Bookrunner and Joint Bookrunner and Bookrunner Joint Lead Manager and Bookrunner

April 2012 December 2011 December 2011 September 2011 July 2011 June 2011 Private Rights issue Rights issue Rights issue Demerger and Private placement and directed listing placement share issue

Deal value Deal value Deal value Deal value Deal value Deal value USD 110m SEK 600m SEK 550m EUR 35m NOK 3.8bn SEK 120m

Joint Lead Manager Joint Lead Manager Joint Lead Manager Sole Lead Manager Joint Global Coordinator Financial Adviser and Bookrunner and Bookrunner to Bone Support

7 ECM Tombstones | Last updated: June 2018 Nordea Markets – Investment Banking Selected Equity Capital Markets credentials

June 2011 June 2011 May 2011 April 2011 March 2011 March 2011 Rights issue Rights issue Rights issue Rights issue Private Private placement placement

Deal value Deal value Deal value Deal value Deal value Deal value EUR 5.0bn EUR 3.7bn DKK 698m DKK 277m USD 600m EUR 27m

Co-Manager Co-Manager Joint Global Coordinator Joint Global Joint Lead Manager Joint Lead Manager and Bookrunner Coordinator and Joint Global Bookrunner

February 2011 January 2011 2010-2011 December 2010 December 2010 November 2010 Accelerated Rights issue Stake building in Rights issue Accelerated Accelerated bookbuilding Asos for bookbuilding bookbuilding Bestseller

Deal value Deal value Deal value Deal value Deal value Deal value EUR 47m EUR 6m Not disclosed SEK 2.5bn USD 500m DKK 205m

Sole Lead Manager Sole Lead Manager Financial Adviser Joint Lead Manager Joint Lead Manager Joint Global Coordinator and Sole Bookrunner and Bookrunner to Bestseller and Joint Bookrunner

October 2010 October 2010 October 2010 August 2010 July 2010 July 2010 IPO IPO Rights issue Rights issue Rights issue Rights issue

Deal value Deal value Deal value Deal value Deal value Deal value DKK 11.4bn NOK 5.4bn EUR 10.2bn DKK 210m DKK 555m NOK 10.0bn

Joint Global Coordinator Lead Manager Co-Lead Manager Lead Manager Joint Global Coordinator Co-Lead Manager and Joint Bookrunner and Joint Underwriter

8 ECM Tombstones | Last updated: June 2018 Nordea Markets – Investment Banking Selected Equity Capital Markets credentials

May 2010 March 2010 March 2010 March 2010 March 2010 March 2010 Rights issue IPO Rights issue Rights issue Rights issue IPO

Deal value Deal value Deal value Deal value Deal value Deal value DKK 252m NOK 150m DKK 504m SEK 6.1bn NOK 4.0bn USD 300m

Lead Manager Joint Bookrunner Lead Manager Joint Lead Manager Joint Global Coordinator Senior Co-Manager and Joint Bookrunner and Joint Underwriter

March 2010 February 2010 December 2009 December 2009 October 2009 October 2009 IPO Rights issue Rights issue Rights issue Rights issue and Rights offering secondary share sell-down

Deal value Deal value Deal value Deal value Deal value Deal value NOK 715m DKK 317m DKK 419m SEK 501m EUR 4.4bn EUR 200m

Joint Lead Manager Joint Lead Manager Joint Global Coordinator Sole Lead Manager Co-Manager Joint Lead Manager and Joint Bookrunner

September 2009 September 2009 September 2009 September 2009 September 2009 September 2009 Rights issue IPO Rights issue Rights issue Senior Rights issue unsecured convertible bond

Deal value Deal value Deal value Deal value Deal value Deal value EUR 45m Not disclosed SEK 65m EUR 40m USD 500m SEK 1.0bn

Sole Lead Manager Financial Adviser Sole Lead Manager Underwriter, Co-Manager Underwriter, and Bookrunner Sole Bookrunner Joint Bookrunner and Sole Lead Manager and Joint Lead Manager

9 ECM Tombstones | Last updated: June 2018 Nordea Markets – Investment Banking Selected Equity Capital Markets credentials

September 2009 September 2009 August 2009 May 2009 May 2009 April 2009 Private Accelerated Private Rights issue Accelerated Rights issue placement bookbuilding placement bookbuilding

Deal value Deal value Deal value Deal value Deal value Deal value EUR 120m DKK 8.3bn USD 110m NOK 4.5bn NOK 300m SEK 2.5bn

Joint Lead Manager Joint Bookrunner Joint Lead Manager Underwriter, Co-Lead Manager Underwriter, Joint Bookrunner Joint Bookrunner and Joint Lead Manager and Joint Lead Manager

April 2009 April 2009 April 2009 April 2009 April 2009 April 2009 Rights issue Rights issue Rights issue Directed share Accelerated Accelerated issue bookbuilding bookbuilding

Deal value Deal value Deal value Deal value Deal value Deal value EUR 2.5bn SEK 6.1bn SEK 3.1bn EUR 6.5m DKK 6.0bn DKK 1.4bn

Joint Global Coordinator Joint Bookrunner Underwriter, Sole Lead Manager Joint Global Coordinator Joint Global Coordinator and Joint Bookrunner and Joint Lead Manager Joint Bookrunner and Bookrunner and Joint Bookrunner and Joint Bookrunner and Joint Lead Manager

April 2009 March 2009 February 2009 October 2008 June 2008 May 2008 Private Rights issue Rights issue Rights issue Accelerated Rights issue placement bookbuilding

Deal value Deal value Deal value Deal value Deal value Deal value USD 110m SEK 2.2bn SEK 528m SEK 393m USD 85m DKK 30.5bn

Joint Lead Manager Joint Lead Manager, Sole Lead Manager Lead Manager Joint Coordinator Joint Global Coordinator and Joint Bookrunner Joint Bookrunner and Bookrunner and Joint Bookrunner and Joint Underwriter

10 ECM Tombstones | Last updated: June 2018