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.
Swedbank and Folksam sign agreement on asset management, property and liability insurance and group life insurance
| Source: Swedbank AB