January 2021

Notice to shareholders

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NOTICE TO SHAREHOLDERS

As shareholders of Nordea 1, SICAV, you are hereby informed that a new Prospectus of Nordea 1, SICAV
will be issued in February 2021 including the following key changes effective as from 25 February 2021 (the
“Effective Date”).

1.Key changes

1.1 relevant to all shareholders
The lists of local representatives and paying agents are updated.
The details of the representatives of the management company are updated.

1.2 relevant to certain shareholders only

Changes to existing funds
Equity funds  
Nordea 1 – Global Impact Fund The fund will change its name to Global Social Empowerment
Fund.
The fund’s strategy is amended to clarify that, in actively
managing the fund’s portfolio, the management team focuses on
companies that provide social solutions through their products
or services, and that appear to offer superior growth prospects
and investment characteristics.
The fund may invest in, or be exposed to, China A-Shares up
to a maximum of 25% of total assets.
Bond funds  
Nordea 1 – European Corporate
Bond Fund
Nordea 1 – Global High Yield Bond
Fund
Nordea 1 – US Corporate Bond Fund
Nordea 1 – US High Yield Bond Fund		 The global exposure calculation method adopted for these funds
is commitment. Therefore, it is clarified that no risk monitoring
is conducted in relation to the funds’ benchmarks.
Nordea 1 – Norwegian Bond Fund The benchmark used by the fund for performance comparison
and risk monitoring only is changed from OB (Oslo Stock
Exchange) Government Bonds All Index to Bloomberg
Barclays Series-E Norway Govt All > 1 Yr Bond Index.
Due to an increased use of derivatives by the fund, the global
exposure calculation method for the fund is changed from
commitment to VaR. The fund’s expected level of gross
leverage is 100%.

2. Right to redeem and contact information
Shareholders who do not agree to the changes as described above may redeem their shares, following the
redemption process detailed in the Prospectus, free of any charges, with the exception of any local
transaction fees that might be charged by local intermediaries on their own behalf and which are
independent from Nordea 1, SICAV and the Management Company. Such instruction must be received in
writing by Nordea Investment Funds S.A. (as Administrative Agent) at the below address by 24 February
2021 before 15h30 CET.

The updated version of the Prospectus dated February 2021 may be obtained, free of any charge, at the
Registered Office of the Company or at Nordea Investment Funds S.A. at 562, rue de Neudorf, L-2220
Luxembourg, Grand Duchy of Luxembourg, and on the website www.nordea.lu, as soon as the CSSF has
issued the visa-stamped official Prospectus or, if available, on local Nordea websites.

Shareholders having any question relating to the above changes should not hesitate to contact their
financial advisor or Nordea Investment Funds S.A., Client Relationship Services, on telephone
+352 27 86 51 00 or the UK facilities agent, FE Fundinfo (UK) Ltd, its principal place of business being
3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ, United Kingdom.

Luxembourg, 25 January 2021
The Board of Directors of Nordea 1, SICAV.