Swedbank's Annual General Meeting 2007: Increased internationalization of the Board

Press Release April 27, 2007

Swedbank's Annual General Meeting 2007: Increased internationalization of the
Board

Swedbank's Annual General Meeting (AGM) today elected two new members to the
Board of Directors. Gail Buyske, from the US, is a financial sector advisor
working in Europe, Russia, Kazakhstan and the US. Simon Ellis, from the UK, has
spent 28 years in international banking, primarily in corporate finance. Current
board members Ulrika Francke, Berith Hägglund-Marcus, Göran Johnsson, Anders
Nyblom and Caroline Sundewall were reelected, and Carl Eric Stålberg was elected
as Chair. Swedbank's Board, which consists of eight members, has thereby
broadened its international competence. 

The dividend to the shareholders will be SEK 8.25 per share in accordance with
the AGM's resolution. The record day for the dividend is May 3, 2007. The
dividend is expected to be paid by VPC (the Swedish Central Securities
Depository) on May 8, 2007.

The Board and the President and CEO were discharged from liability for the year
2006.

The AGM also resolved, in accordance with the Board's proposal, to amend the
articles of association to allow the bank, until the next AGM, to acquire at any
given time in its securities operations, to facilitate these operations, up to 1
percent of the bank's shares and dispose of such shares. Moreover, it was
resolved to authorize the Board, on one or more occasions until the next AGM, to
decide to acquire the bank's own shares, in addition to acquisitions by the
securities operations, up to 5 percent of all the shares in the bank.
Acquisitions may only be made through purchases on the Stockholm Stock Exchange
(Stockholmsbörsen) and only at a price that, at the time of acquisition, falls
within the interval between the highest buying rate and the lowest selling rate.
The Board was authorized to decide on raising loans according to Chapter 11
Section 11 of the Companies Act. Lastly, the AGM resolved to issue and transfer
interest in Swedbank First Securities LLC and to approve the merger between the
bank and the wholly owned subsidiary Söderhamns Sparbank. 

The AGM decided on the guidelines for the Nomination Committee. In accordance
with the Swedish Code of Corporate Governance, the bank will announce the names
of the members of the committee not later than six months before the next AGM. 

The Board's statutory meeting immediately following the AGM elected Ulrika
Francke as Deputy Chair and Jan Lidén as President and CEO.

The Board and Auditors following the AGM can be found in the attachment.

A transcription and webcast of Carl Eric Stålberg's and Jan Lidén's addresses at
today's AGM will be available on Swedbank's website: www.swedbank.se/ir

For further information, please contact:
Carl Eric Stålberg, Chairman of the Board, phone: +46 8 585 912 96
Jan Lidén, President and CEO, phone: +46 8 585 922 27 
Cecilia Hernqvist, Secretary of the Board, phone: +46 8 585 913 23
Tobias Wagner, Acting Head of Communication, phone: +46 70 259 12 65 


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.