Change of Swedbank’s Nomination Committee’s proposal to the Annual General Meeting (AGM) in Swedbank 2016

The Nomination Committee for the AGM 2016
Swedbank’s 2015 Annual General Meeting resolved on a Nomination Committee
process for the 2016 Annual General Meeting. The Nomination Committee shall, in
accordance with the resolution, consist of five members, namely the Chair of the
Board of Directors and the four largest shareholders or owner-groups that wish
to appoint a member and who have the largest shareholding in the bank, based on
shareholdings known on the last banking day in August 2015.

The Nomination Committee consists of the following members: Lennart Anderberg,
Chair of The Nomination Committee, appointed by the owner-group Föreningen
Sparbanksgruppen, Ramsay Brufer, appointed by Alecta, Jens Henriksson, appointed
by Folksam, Peter Karlström, appointed by the owner-group Sparbanksstiftelserna,
and Anders Sundström, Chair of the Board of Directors of Swedbank AB .

On 4 February 2016, the Nomination Committee submitted its proposal to the AGM
for: the election of the Chair for the General Meeting, the number of board
members, fees for the Board members elected by the General Meeting, including
fees for committee work, fees for the auditor, the election of the members of
the Board of Directors and Chair and principles for appointing the Nomination
Committee.

Changed proposal from the Nomination Committee
After its proposal was made public, the Nomination Committee has had an ongoing
dialogue with amongst others institutional shareholders not represented in the
Nomination Committee. The Nomination Committee can now conclude that the
proposal to re-elect Anders Sundström as Chair has not sufficiently large
support in order for the Nomination Committee to uphold this proposal. Anders
Sundström has not participated in the Nomination Committee’s handling of the new
proposal.

Hence, the Nomination Committee has informed Anders Sundström that he will not
be proposed for re-election, and decided to propose that the number of members
of the Board of Directors to be appointed by the AGM shall be eight and further
that the current deputy Chair Lars Idermark be elected as Chair of the Board for
the period until the end of the AGM 2017.

- We regret that Anders Sundström does not have the support that the Nomination
Committee has aimed at, but we want to emphasize that Anders Sundström has been
of crucial importance for Swedbank’s positive development ever since he first
was elected to the Board, says Lennart Anderberg, Chair of the Nomination
Committee.

The Nomination Committee is however pleased to note that Lars Idermark is
prepared, with short notice, to accept the assignment as Chair of the Board and
that this proposal has a broad support amongst, inter alia, Swedish
institutional shareholders.

- To safeguard the bank, its brand and create the conditions for the next
development step, I have accepted to once again become Chair during the coming
year, says Lars Idermark.

Swedbank AB (publ) is required to disclose this information pursuant to the
Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments
Trading Act (1991:980) and/or the regulatory framework of Nasdaq Stockholm).
This information was sent to be published on 30 March 2016 at 08.00 CET.
For further information, please contact:
Lennart Anderberg, Chair of the nomination committee, Swedbank AB, telephone:
+46 73 226 00 59
Claes Warrén, Acting Press Manager, Swedbank, telephone +46 70 375 00 54
Swedbank promotes a sound and sustainable financial situation for the many
people, households and companies. Our vision is to contribute to development
“Beyond Financial Growth”. As a leading bank in the home markets of Sweden,
Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial
services and products. Swedbank has over 7 million retail customers and around
600 000 corporate customers and organisations with 275 branches in Sweden and
144branches in the Baltic countries. The group is also present in other Nordic
countries, the US and China.
As of 31 December 2015 the group had total assets of SEK 2 149 billion. Read
more at www.swedbank.com