Disclaimer

The sub-funds mentioned are part of Nordea 1, SICAV, an open-ended Luxembourg-based investment company (Société d'Investissement à Capital Variable), validly formed and existing in accordance with the laws of Luxembourg and with European Council Directive 85/611/EEC of 20 December 1985.

This document is advertising material and does not disclose all relevant information concerning the presented sub-funds. Any investment decision in the Nordea funds should be made on the basis of the current prospectus, which is available, along with the Key Investor Information Document, the current annual and semi-annual reports, electronically in English and in the local language of the market where the mentioned SICAV is authorised for distribution, and free of charge upon request from Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, from the local representatives or information agents, or from our distributors.

Investments in derivative and foreign exchange transactions may be subject to significant fluctuations which may affect the value of an investment. Investments in Emerging Markets involve a higher element of risk. The value of shares can greatly fluctuate as a result of the sub-fund’s investment policy and is not guaranteed.

For further details of investment risks associated with these sub-funds, please refer to the relevant Key Investor Information Document, available as described above.

Nordea Investment Funds S.A. only publishes product-related information and does not make any investment recommendations.

Published by Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, which is authorized by the Commission de Surveillance du Secteur Financier in Luxembourg.

Further information can be obtained from your financial advisor. He/she can advise you independently of Nordea Investment Funds S.A.

Additional information for investors in Switzerland:
The Swiss Financial Market Supervisory Authority (FINMA) has granted authorisation for the mentioned sub-funds to be publically distributed within and from Switzerland. The documents listed above, as well as the Articles of Association, are available free of charge from the Swiss Representative and Paying Agent, Nordea Bank S.A. Luxemburg, Zweigniederlassung Zürich, Mainaustrasse 21-23, CH-8008 Zürich. Telephone (+41) 44 421 42 42, Fax (+41) 44 421 42 82.

Additional information for investors in Germany:
The Information and Paying Agent in Germany is Nordea Bank Finland Plc, Niederlassung Deutschland, Bockenheimer Landstrasse 33, D-60325 Frankfurt am Main. A hard copy of the above-mentioned fund documentation is also available from here.

Additional information for investors in Austria:
Sub-paying Agent and Representative in Austria is the Erste Bank der Österreichischen Sparkassen AG, Graben 21, A-1010 Vienna.

Additional information for investors in Netherlands:
Nordea 1, SICAV is a Luxembourg Undertaking for Collective Investment in Transferable Securities (UCITS) registered in the Netherlands in the register kept by the AFM, and as such is allowed to offer its shares in the Netherlands. The AFM register can be consulted via www.afm.nl/register.

Additional information for investors in France:
With the authorisation of the Autorité des Marchés Financiers (AMF) as per March 11th, 2003; December 13th, 2005; April 3rd, 2007; September 28th, 2007; April 29th, 2008; August 29th, 2008; November 25th, 2008; March 26th, 2010; November 26th, 2010 and June 21st, 2011; the shares of the sub-funds of Nordea 1, SICAV may be distributed in France.
Centralising Correspondent in France is CACEIS Bank, located at 1-3, place Valhubert, 75013 Paris. Investors are advised to conduct thorough research before making any investment decision.

Additional information for investors in Spain:
Nordea 1, SICAV is duly registered in the CNMV official registry of foreign collective investment institutions (entry no. 340) as authorised to be marketed to the public in Spain. The custodian of the SICAV’s assets is Nordea Bank S.A., Luxembourg. In Spain, any investment must be made through the authorised distributors and on the basis of the information contained in the mandatory documentation that must be received from the SICAV’s authorised distributor prior to any subscription, or that may be obtained from the CNMV registries.

Additional information for investors in Portugal:
The Management Company of the SICAV, Nordea Investment Funds, S.A., and the custodian of the SICAV’s assets, Nordea Bank S.A., are validly formed and existing in accordance with the laws of Luxembourg and authorized by the Commission de Surveillance du Secteur Financier in Luxembourg.

Additional information for investors in Italy:
Fund documentation as listed above is also available in Italy from the distributors and on the website www.nordea.it. The updated list of distribution agents in Italy, grouped by homogenous category, is available from the distributors themselves, at State Street Bank S.p.A. branches (located in the main towns of each region), BNP Paribas Securities Services, Banca Sella Holding S.p.A, Allfunds Bank S.A., Societe Generale Securities Services Sp.A. and on the website www.nordea.it. Any requests for additional information should be sent to the distributors. Before investing, please read the prospectus carefully. We recommend that you read the most recent annual financial statement in order to be better informed about the fund's investment policy. The prospectus and KIID for the sub-funds have been published with Consob.

Additional information for investors in the United Kingdom:
Approved by Nordea Bank Finland Plc, London Branch, which is regulated by the FSA in the United Kingdom.

Additional information for investors in Latvia:
The Representative and Paying Agent is Nordea Bank Finland Plc Latvijas branch, K. Valdemara St. 62, Riga, LV-1013.

Additional information for investors in Estonia:
The Representative and Paying Agent in Estonia is Nordea Bank Finland Plc, Estonia Branch, Hobujaama 4, 15068 Tallinn.

Additional information for investors in Lithuania:
The Representative and Paying Agent in Lithuania is Nordea Bank Finland Plc, Lithuania Branch, Didzioji str. 18/2, LT-01128 Vilnius. Shareholders must evaluate possible investment risks and take this into consideration when making investment decisions.

Additional information for investors in Brazil:
Nordea 1, SICAV have not been, and will not be, registered with the CVM and may not be offered or sold in Brazil except in circumstances which do not constitute a public offering or distribution under Brazilian laws and regulations. Investors within Brazil should consult with their own counsel as to the applicability of these laws and regulations or any exemption there from. This material aims to provide information only and does not constitute and should not be construed as an offer to buy or sell or solicitation of an offer to buy or sell any security or financial instrument.
Source (unless otherwise stated): Nordea Investment Funds S.A.

 Additional information for investors in Singapore:

The information on this site is intended only for discussion purposes and is not intended as an offer to sell or an invitation to subscribe for shares of Nordea 1, SICAV (the “Company”), and should not be relied upon by any person in evaluating the merits of investing in the Company.

The information on this site is confidential, is intended only for the person to whom it has been provided and under no circumstance may a copy be shown, copied, transmitted or otherwise given to any person other than the authorised recipient or used for any other purpose.

The information provided in this site does not constitute investment advice or recommendation and was prepared without any regard to the specific investment objective(s), financial situation or the particular needs of any person.

There can be no assurance that any investment objectives described herein will be achieved. The information contained herein should be considered to be current only as of the date indicated, and the Company and Nordea Investment Funds S.A. (“NIF”) do not undertake to update such information in light of later circumstances or events.

This site may contain forward-looking statements and projections that are based on assumptions and on information currently available. Such statements necessarily involve risks, uncertainties and assumptions. Whilst reasonable care has been taken to ensure that the information contained in this document is not untrue or misleading at the time of publication, the Company and NIF cannot guarantee its accuracy or completeness. No liability for any error or omission is accepted by the Company, NIF, its affiliates and any of their directors or employees.  Any opinion or estimate contained in this document is subject to change without notice. NIF, its affiliates and/or their respective directors and employees may have or may take positions in the securities mentioned in this document.

The sub-funds of the Company (“Sub-Funds”) which are mentioned in this document are restricted schemes under the Sixth Schedule to the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations. The Sub-Funds are not authorised or recognised by the Monetary Authority of Singapore (“MAS”).

No offer of the Sub-Funds may be made, either directly or indirectly, to any person in Singapore other than to: (i) “institutional investors” pursuant to Section 304 of the Securities and Futures Act (“SFA”), (ii) “relevant persons” pursuant to section 305(1) of the SFA, (iii) any person pursuant to Section 305(2) of the SFA, or (iv) otherwise pursuant to, and in accordance with the conditions of, other applicable provisions of the SFA. The offer, holding and subsequent transfer of shares of the Company are subject to restrictions and conditions under the SFA.

The value of shares of the Company and the Sub-Funds may fall or rise. Past performance of the Company and the Sub-Funds is not necessarily indicative of their future performance. Any prediction, projection or forecast on the economy, securities markets or the economic trends of the countries, markets or sectors targeted by each Sub-Fund is not necessarily indicative of its future or likely performance. There is no assurance that profits will be achieved or that losses will not be incurred. An investment in the Company and the Sub-Funds is subject to investment risks, including the possible loss of the principal amount invested.

 Performance calculated NAV to NAV (net of fees and Luxembourg taxes) gross income reinvested, in the base currency of the respective sub-fund, excluding initial and exit charges as per (date). Initial and exit charges could affect the value of the performance.

The performance represented is historical; past performance is not a reliable indicator of future results and investors may not recover the full amount invested. The value of shares can greatly fluctuate as a result of the sub-fund’s investment policy and is not guaranteed.

If the base currency of the respective sub-fund differs from the currency of the country where the investor resides the represented performance might vary due to currency fluctuations.

Unless otherwise stated, all views expressed are those of Nordea Investment Funds S.A.

This document may not be reproduced or circulated without prior permission and must not be passed to private investors. This document contains information only intended for professional investors and independent financial advisers and is not intended for general publication.

Reference to companies or other investments mentioned within this document should not be construed as a recommendation to the investor to buy or sell the same, but is included for the purpose of illustration.