Nordax Group has appointed Katarina Bonde and Hans Larsson as
Non-Executive
Directors. Arne Bernroth, currently Non-Executive Director, has
been appointed
Deputy Chairman. Bonde is a senior board level professional with
a focus on
technology companies, financial institutions and entrepreneurships.
She has held
various executive positions in the software industry. Hans Larsson
has extensive
experience in financial services and global banking, having held
various
operational, strategic and executive roles across numerous sectors and
product
groups in SEB.

Richard Pym, Chairman, comments: “Nordax is a leading
niche bank in the Nordic
region and has built a solid track record over ten
years. We are happy to
welcome Katarina Bonde and Hans Larsson as Non-Executive
Directors. Katarina
brings considerable experience in technology and Hans has
an impressive track
-record in banking. The addition of Katarina and Hans as
Non-Executive Directors
will further strengthen the Board of Directors in terms
of the operational and
strategic competence and will provide additional
capabilities in shaping the
future governance of the bank.”

Katarina Bonde is
currently a Non-Executive Director of the Sixth AP Fund,
Mycronic,
Propellerhead Software, Image Systems, Avega Group, Aptilo Networks
and Micro
Systemation. Bonde has previously held other Board positions such as
Chairman
of the Board of DIBS Payment Services Sweden. She has held various
executive
positions at Programator Industri, Cap Gemini Ernst & Young, Timeline,
Dun &
Bradstreet Software, Captura Software and Unisite Software. During 2006
-2010
she was as a member of “The Council for divesting government
owned
corporations”, appointed by the Swedish government. Bonde is also a
co-founder
of Seraph Capital of which she served as President 2004-2006. Seraph
Capital is
one of the first female business angel networks in the US. Bonde
holds an MSc
from the Royal Institute of Technology in Stockholm.

Hans Larsson
has held various executive positions in SEB. He was a member of
SEB’s Group
Executive Committee in 2006-2012. In 2006 he took on the position as
Head of
Group Strategy and Business Development. In addition, he was Head of
Group
Staff and CEO office for two years. Prior to that Larsson was Head of
Client
Relationship Management Sweden, Global Head of Debt Capital Markets and
Head of
Structured Finance and Derivative Sales. He has also board experience
through
chairing, among others, SEB's banking subsidiaries in the USA and
Germany. He
joined SEB in 1984. Larsson graduated with a BSc in Business
Administration and
Economics at University of Uppsala.

Arne Bernroth has served as a member of
the Board of Directors and Chairman of
the Audit Committee since 2010. He has
extensive experience from various senior
positions within the Swedish financial
industry over the last 40 years and has a
long career among financial groups
such as Nordea and Skandia. He has a MBA from
Lund University and a significant
Board experience both from Sweden and
internationally.

The appointments of
Bonde and Larsson are pending the Swedish Financial
Supervisory Authority’s
assessment.

The Directors of Nordax’ Board are:

Richard Pym, Chairman

Arne
Bernroth, Deputy Chairman

Christian Beck, Non-Executive Director

Katarina
Bonde, Non-Executive Director

Daryl Cohen, Non-Executive Director

Morten
Falch, CEO and Executive Director

Hans Larsson, Non-Executive Director

Andrew
Rich, Non-Executive Director

Synnöve Trygg, Non-Executive
Director

Contacts

For more information, please contact

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 employs about 200 people, all
working in
one office in Stockholm. Nordax was founded by six 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
amounted to 6.5bn SEK. Nordax takes a conservative approach to risk
and is
unique among niche banks in using multiple sources of funding and Nordax
only
uses a limited share of deposits to fund lending to the public. 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 April
1, 2015 at 01.00pm CET.