Peter Yngwe leaves SEK at the 2014 Annual General Meeting


SEK President Peter Yngwe will leave his position at SEK. It will take place in
conjunction with the 2014 Annual General Meeting. Peter Yngwe has been CEO since
1997.

- I've had a fantastic career at SEK, but at some point it's time to let go.
That time has now come. I also want to do something different in my career and I
now have the opportunity to look for new possibilites, which is exciting, says
Peter Yngwe.

SEK has since Peter Yngwe became President, had a strong performance and grown
sharply. New lending has more than quadrupled from Skr 13.2 billion in 1996, to
Skr 56.1 billion in 2012. Total assest have grown from Skr 108.9 billion from
1996 to Skr 313.1 billion in 2012. Since 1997, SEK has paid Skr 8.4 billion in
dividends to its shareholders.

- During his years at SEK, Peter Yngwe has helped develop SEK to a highly
reputable company in the international capital market, who through skillful
borrowing has created competitive conditions for SEK’s financing of the Swedish
export industry. He has successfully led the development of SEK to an effective
and respected export finance organization, which is an important part of the
Swedish export credit system, says SEK's Chairman of the Board Lars Linder
-Aronson.

SEK played an important role during the financial crisis in 2008-2009 to enable
the Swedish export business to continue to operate. In the spring of 2011, the
SEK received an owner's instruction from owner, the Swedish government, which
even clearer focuses on SEK's role as financier of the Swedish export industry.
Meanwhile, new financial regulations set requirements for adjustment of SEK's
organization and business model.

- Peter Yngwe has led the change process in a highly commendable manner and SEK
is now well positioned for the future, to continue to play an important role for
the Swedish export industry. It is the right time to change command since the
company is strong and ready for the next step in its development, says SEK's
Chairman of the Board Lars Linder-Aronson.

The process of recruiting a new CEO will begin in the fall.

FACTS ABOUT SEK
Swedish Export Credit Corporation (SEK) is a Swedish state-owned company with a
mission to secure access to financial solutions on a commercial basis for the
Swedish export economy. SEK has a market complementary role and creates benefits
and security for its customers through its independence, specialization and
expertise in international financing. For more than 50 years, since the SEK was
founded, the company’s role has been to strengthen the Swedish export industry
by financing solutions. SEK has made a profit every year since its founding in
1962.

CONTACT
Peter Yngwe, CEO, 08-613 84 48
Lars Linder-Aronson, Chairman of the Board, SEK 08-613 83 00
Edvard Unsgaard, Head of Communications, SEK +46-706-21 84 88

Attachments

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