Notice to Shareholders

Notice to Shareholders of

Nordea 1 – European Diversified Corporate Bond Fund

Luxembourg, 4 September 2019

Dear shareholders,

We are writing to inform you of the liquidation with immediate effect of Nordea 1 – European Diversified Corporate Bond Fund (the “fund”).

1. Reasons for the liquidation

The fund has recently experienced significant redemptions bringing its size to less than EUR 1.9 million.

Considering that the value of the assets of the fund is so low as to make continued operation economically inefficient, the board of directors of Nordea 1, SICAV has decided to put the fund into liquidation with immediate effect.

2. Liquidation plan

To ensure an equal treatment between all shareholders, the fund is closed for further subscriptions, switches and redemptions with immediate effect.

All assets and liabilities will then be realised. The fund will bear the securities transaction costs only, all other costs associated with the liquidation will be borne by the management company, Nordea Investment Funds S.A.

The liquidation proceeds will be paid to remaining shareholders of the fund on 9 September 2019 on the basis of the net asset value per share calculated as of 4 September 2019. They will be distributed to the shareholders in proportion to their holdings in the fund and be settled in accordance with the provisions of the prospectus.

Any liquidation proceeds that cannot be distributed to the shareholders at the closure of the liquidation shall be deposited in escrow with the “Caisse de Consignation” in Luxembourg. Amounts still unclaimed after 30 years will be forfeited according to Luxembourg law.

The board of directors of Nordea 1, SICAV

Appendix – List of the impacted ISIN CODES as of the date of the notice.