Nordnet and ABG Sundal Collier to launch joint venture - introducing a next-generation Private Banking offering

ABG Sundal Collier (ABGSC) and Nordnet have decided to enter into a strategic
partnership to elevate their respective Private Banking offerings. By combining
ABGSC's expertise in advisory, discretionary portfolio management and research
with Nordnet's leading digital platform, the partnership will create a new
player providing private clients with access to institutional-quality financial
services. The formal scale-up of the Swedish business is planned for 2027,
subject to the necessary regulatory approvals, followed by a phased expansion
across the Nordic region and into other markets where the companies operate.

Nordnet is the leading Nordic platform for savings and investments, offering a
broad range of services within share trading, fund investments, pensions and
lending, as well as a wide range of digital tools for decision support and
inspiration. ABGSC is a leading Nordic independent investment bank, and its
existing Private Banking business currently provides advisory, discretionary
portfolio management and research services. The parties will now enter into an
agreement to establish a jointly owned company with the ambition of creating a
market-leading Private Banking offering for private clients.

"We have for some time considered how to unlock the full potential of our
Private Banking franchise. Our strategy is to focus ABGSC's resources on areas
where we have clear strengths. With Nordnet, we believe we have found the ideal
partner to create a leading force in Nordic private banking. Together we are
building a compelling platform for future growth, innovation, and long-term
value creation," says Kristian B. Fyksen, interim CEO of ABGSC

"Nordnet aims to expand significantly within the segment of clients seeking
advisory and portfolio management services. In ABGSC, we have found the perfect
partner. The new partnership brings together the best of both worlds: Nordnet's
leading digital platform and ABGSC's expertise in research and portfolio
management. Together, we can create an offering that is considerably stronger
than the sum of its parts," says Rasmus Järborg, CEO of Nordnet.

The new company will be owned in equal shares by Nordnet and ABGSC. Its Board of
Directors will comprise equal representation from the two companies, together
with one independent director. Jonas Ström, former CEO of ABGSC will serve as
Chair of the Board. The new company will build on ABGSC's existing Private
Banking business and expertise. It is expected to have approximately 15-20
employees at launch and will be led by Martin Ringberg, former country manager
at Nordnet Sweden.

The financial impacts of the transaction will be addressed in connection with
the interim Q3 report.

For further information:

Anna Tropp, Head of Communications               +46 722 309 417
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Anna Tropp\, Head of Communications               +46 722 309 417\