Standard & Poor's has revised its Outlook on The Swedish Housing Finance Corporation from stable to developing

Press release, 6 November 2007

Standard & Poor's has revised its Outlook on The Swedish Housing Finance
Corporation from stable to developing

On November 6, 2007, Standard & Poor's Rating Services revised its out-look on
The Swedish Housing Finance Corporation (SBAB) from stable to developing. At the
same time Standard & Poor's affirmed the AA-/A-1+ counterparty credit ratings on
SBAB. The Swedish Covered Bond Corpora-tion (SCBC) is not affected by the
revised outlook.

The developing outlook factors the expectation that within the outlook hori-zon
a change in rating is likely but that it is difficult to predict the direction
of the rating change until an agreement with a new owner has been reached.

Enclosed Standard & Poor's Research update.

For further information please contact:
Eva Cederbalk, CEO, SBAB 
Telephone: +46 8 614 43 01 
Mobile: +46 70 523 23 02 
E-mail: eva.cederbalk@sbab.se 

Christine Brosewitz, press officer, SBAB 
Telephone: +46 8 614 43 75
Mobile: +46 708 47 16 11
E-mail: christine.brosewitz@sbab.se

SBAB offers residential mortgages and savings products via the Internet and
telephone and
provides corporate loans. SBAB's mandate is to act to ensure diversity and
competition in the
Swedish residential mortgage market. More information is available at
www.sbab.se