Resolution on new issue and repurchase of C-shares deviating from shareholders' preferential rights to hedge Swedbank's incentive programme 2010

Press Release 28 April, 2011

Resolution on new issue and repurchase of C-shares deviating from shareholders'
preferential rights to hedge Swedbank's incentive programme 2010

The Board of Directors of Swedbank AB (publ) (Swedbank) has resolved to issue
1,500,000 C-shares at an issue price of SEK 21, corresponding to the shares'
quotient value, as part of the hedging arrangements relating to Swedbank's
incentive programme in accordance with the authorization given by the Annual
General Meeting 2011.



The reasons for the issue are to ensure delivery of shares to the participants
in Swedbank's incentive programme and to cover certain costs in connection with
the programme. The issue will increase Swedbank's share capital by SEK
31,500,000. The issue is directed to Barclays Bank Plc (Barclays).

The Board of Directors of Swedbank has further, in accordance with the
authorization given by the Annual General Meeting on March 25, 2011, resolved on
a directed offer to the subscriber of the C-shares, Barclays, to purchase all
C-shares in Swedbank. The offer is made as part of the hedging arrangements
relating to Swedbank's undertakings regarding the incentive programme and
includes all 1,500,000 C-shares issued by Swedbank.

The purchase shall be made no later than May 12, 2011. Payment for the shares is
to be made in cash. The price is SEK 21 per share. The purchase includes so
called interim shares referring to the C-shares, by Euroclear Sweden AB referred
to as paid-up subscribed shares ”BTA”. Besides holding of shares in order to
facilitate the Bank's securities operations, Swedbank currently has no holding
of own shares.

Barclays has undertaken to accept the offer.
 

For further information, please contact:
Jonas Erikson, Head of Group Treasury, Swedbank, phone: +46 8 585 908 89
Thomas Backteman, Head of Corporate Affairs, Swedbank, phone: +46 708 311 166

 
The information in this press release is information which Swedbank shall make
public according to the Swedish act on the securities market (SFS 2007:528). It
was submitted for publication at 7.02 CET on April 28, 2011.

Swedbank promotes a sound and sustainable financial situation for the many
people, households and companies. Our vision is to contribute to a development
“Beyond Financial Growth”. As a leading bank in the home markets Sweden,
Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial
services and products. Swedbank has 9.5 million retail customers and around
680,000 corporate customers with 340 branches in Sweden and over 200 branches in
the Baltic countries. The group is also present in other Nordic countries, the
U.S., China, Russia and Ukraine. As of 31 March, 2011 the group had total assets
of SEK 1,745 billion. Read more at www.swedbank.com