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Final approval of Nationwide Global Holding's purchase of Danica Life

October 17, 2002

Stock Exchange announcement No. 27/2002

As announced in stock exchange announcement no. 26 of September 9, 2002, Danica Life S.A., the Luxembourg-based subsidiary of Danica Pension, has been sold to NGH Luxembourg S.A.

The sale was made conditional on the approval by the Luxembourg authorities, and this approval has now been issued. The sale has thus been completed.