Nordic Investment Bank



Re:  Nordic Investment Bank
     USD 25000000
     MATURING: 15-Mar-2015
     ISIN: XS0214112996

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Mar-2008 TO 15-Sep-2008 HAS BEEN FIXED AT 19.231513 PCT

DAY BASIS: ACTUAL/365(FIX)

INTEREST PAYABLE VALUE 15-Sep-2008 WILL AMOUNT TO:
USD 2423697.47 PER USD 25000000 DENOMINATION
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