Sale of SPP completed


Earlier today, Storebrand paid the purchase sum which means that SPP
is now owned by Storebrand. The transaction was completed as reported
in Handelsbanken's press release of 3 September 2007.

The proceeds of the sale were SEK 16.2 billion after Handelsbanken
received an extra distribution from SPP amounting to SEK 1.4 billion
and payment for subsidiaries of SEK 0.6 billion. The purchase sum was
thus SEK 18.2 billion including interest on the purchase sum of SEK
0.2 billion. The capital gain is expected to be around SEK 4.2
billion before restructuring costs, which are expected to be less
than SEK 400 million.

The final capital gain will be reported when the Bank publishes its
figures for the whole of 2007 on 27 February 2008.

As a result of the transaction, Handelsbanken is increasing its
capital base by 2 percentage points, with 1.8 percentage point of
this an increase in the Tier 2 capital. (Calculations concerning the
capital base and Tier 2 capital are performed as if the transaction
had been completed at the end of September)."The transaction boosts our already very stable finances and also
gives us even greater room for manoeuvre," says Ulf Riese, CFO of
Handelsbanken.

Handelsbanken's CEO Pär Boman sums up the transaction:"This is an excellent way to end a very good year, when Handelsbanken
did more business and gained more satisfied customers than ever
before. We are now entering 2008 - better equipped than for a very
long time."


For further information, please contact:
Pär Boman, group chief executive, tel: +46 8 - 22 92 20
Ulf Riese, CFO, tel: +46 8 - 22 92 20
Bengt Ragnå, head of investor relations, tel: +46 8 - 701 12 16
Johan Lagerström, press officer, tel:  +46 8 - 701 13 95, mobile:
+46 70 - 265 80 14

Attachments

Press release PDF