Introduction We have been engaged by the Group Executive Management of Nordea to undertake a limited assurance engagement of Nordea’s CSR Report for the year 2014 and corresponding GRI Index on Nordea’s website www.nordea.com/csr. Responsibilities of the Board of Directors and the Group Executive Management for the CSR Report The Board of Directors and the Group Executive Management are responsible for the preparation of the CSR Report in accordance with the applicable criteria, as explained in the GRI Index published on Nordea’s website www.nordea.com/csr, and are the parts of the Sustainability Reporting Guidelines (published by The Global Reporting Initiative (GRI)) which are applicable to the CSR Report, as well as the accounting and calculation principles that Nordea has developed.