Ownership of Swedbank's Russian operations transferred

Press Release 12 May 2008

Ownership of Swedbank's Russian operations transferred

Swedbank today transferred ownership of the Russian operations of OAO Swedbank
and its subsidiary OOO Hansa Leasing Ltd from Hansabank to Swedbank. In 2007
Swedbank's Russian operations changed name from Hansabank to Swedbank, and
during the third quarter of the same year Swedbank's Board of Directors decided
to also transfer ownership.

Swedbank's operations in Russia currently comprise three branches in Moscow, St.
Petersburg and Kaliningrad as well as leasing operations and a trade finance
business. The customer base consists of around 400 companies and 2,000
individuals. As of March 31, 2008 lending amounted to SEK 10 billion with 386
employees. 
For further information, please contact:
Johannes Rudbeck, Head of Investor Relations, Swedbank, telephone: +46-70-582 56
56 
Anna Sundblad, Press Manager, Swedbank, telephone: +46-70-321 39 95 


Swedbank's vision is to be the leading financial institution in the markets
where we are present. Swedbank has 9 million retail customers and 600,000
corporate customers with more than 459 branches in Sweden, 300 branches in the
Baltic countries and another 190 branches in Ukraine. The group is also present
in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Marbella, Moscow, New York,
Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2007 the group had
total assets of SEK 1,600 billion and approximately 22,000 employees. For more
information about Swedbank, please visit www.swedbank.com.