Nordax Bank is evaluating opportunities to refinance existing Tier 2 capital
in
order to strengthen and optimize the solid capital structure as well as
to
support further business growth.

Nordax Bank has a well-diversified funding
structure with 200 MSEK in Tier 2
capital, 500 MSEK in senior unsecured notes
as well as asset backed securities.
The existing Tier 2 capital has its first
call in July 2015. Nordax Bank has
mandated Danske Bank and Carnegie to arrange
a series of bond investor meetings.
Depending on demand and general market
conditions, a SEK denominated
subordinated Tier 2 bond transaction may follow
in the near future.

Contacts

For more information, please contact

Morten
Falch, CEO, +46 8 508 808 03, morten.falch@nordax.se

Camilla Wirth, CFO, +46
8 508 808 59, camilla.wirth@nordax.se

Åse Lindskog, Media and Investor
Relations, +46 730 24 48 72,
ase.lindskog@nordax.se

About Nordax

Nordax is
one of the leading niche banks in the Nordic region providing unsecure
consumer
loans and deposits to about 100,000 customers in Sweden, Norway,
Finland,
Denmark and Germany. Nordax employ about 200 people, all working in one
office
in Stockholm. Nordax was founded by five entrepreneurs with extensive
risk
management experience and over the course of ten years the Group has
developed
a sound, thorough and data driven underwriting process.  Nordax’s
customers are
financially stable people in the prime of life. Through a
centralized and
highly scalable platform, Nordax is on a journey to become one
of the leading
niche banks in Northern Europe. As of December 31, 2014 lending
to the general
public amounted to 10.0bn SEK and deposits from customers to
6.5bn SEK.  Nordax
is supervised by the Swedish Financial Supervisory Authority
since 2004 and
deposits are covered by the Swedish deposit guarantee scheme.
Read more on
www.nordax.se.

Nordax Bank AB (publ) announces this information in accordance
with the
Securities Market Act and/or the Act on Trading in Financial
Instruments. This
information was submitted for announcement on March 6, 2015
at 08.00am CET.