Swedbank and Folksam sign agreement on asset management, property and liability insurance and group life insurance

Press Release April 24, 2007

Swedbank and Folksam sign agreement on asset management, property and liability
insurance and group life insurance

Swedbank and Folksam have today signed a cooperation agreement confirming the
declaration of intent announced on February 22 of this year. 

As part of the agreement, Folksam will transfer its asset management of
interest-bearing securities and equities to Swedbank Robur, comprising about SEK
142 billion. Swedbank Robur will also acquire Folksam Fond AB, with assets under
management of about SEK 27 billion. This strengthens Swedbank's position as one
of the leading asset management companies in the Nordic region, with total
assets of about SEK 635 billion. 

The agreement covers four main areas: property and liability insurance, asset
management, administration of fund insurance, and reinsurance of group life
insurance and provision of individual risk insurance products. 

To learn more, see the press release dated February 22, 2007 at
www.swedbank.se/pressroom


For further information:
Kjell Hedman, Executive Vice President, phone: +46 8 585 912 21
Mats Lagerqvist, CEO, Swedbank Robur, phone: +46 8 585 924 11
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95 


Swedbank's vision is to be the leading financial institution in the markets
where we are present. Swedbank has 8.9 million retail customers and 459,000
corporate customers in Sweden, Estonia, Lithuania and Latvia. In Sweden the
group has more than 470 branches, with another 290 branches in the Baltic
countries. The group is also present in Copenhagen, Helsinki, Kaliningrad, Kiev,
Luxembourg, Marbella, Moscow, New York, Oslo, Shanghai, St. Petersburg and
Tokyo. As of December 2006 the group had total assets of SEK 1,400 billion and
approximately 17,000 employees. For more information about Swedbank, please
visit www.swedbank.com.