Changes in Handelsbanken's organisational structure

Handelsbanken has a strictly decentralised working model, whereby
most business decisions are taken at the branches, close to the
customer. This also means that the Bank has a very flat
organisational structure; between branch manager and chief executive
there is only one level - head of regional bank. This leads to short,
efficient and clear decision paths.

The strong expansion of the past few years - particularly outside
Sweden - has increased the demands on these decision paths.
Therefore, in order to maintain and strengthen the decentralised
working model, Handelsbanken's senior management is now being
organised into four distinct groupings, as follows:


                 SENIOR MANAGEMENT OF HANDELSBANKEN


+-------------------------------------------------------------------+
| Central Bank |   Heads of    |    Heads of    | Heads of regional |
|  management  | central depts | business areas |       banks       |
+-------------------------------------------------------------------+



In conjunction with this, the following changes in senior management
will take place:


Changes within senior management


  * Björn Börjesson, executive vice president and head of
    Handelsbanken International. He will take up a newly created
    position in the Central Bank Management, with special
    responsibility for contacts with the sector and authorities as
    well as internal corporate governance. Effective from 15 August.

  * Petri Hatakka, executive vice president and head of Regional Bank
    Finland. He will become the new head of Handelsbanken
    International, taking up the position on 15 August.

  * Claes Norlén, executive vice president and head of Regional Bank
    Southern Sweden. He will become the new head of Handelsbanken
    Asset Management, and he will be responsible within senior
    management for insurance operations. Effective from 21 August.

  * Anders Ohlner, executive vice president and head of Regional Bank
    Eastern Sweden. He will become the new head of Regional Bank
    Southern Sweden, effective from 1 July. He will also remain head
    of Regional Bank Eastern Sweden until a successor has been
    appointed.


New appointments to senior management


  * Henrik Carlstedt, regional area manager, Regional Bank Finland.
    He has been appointed executive vice president and head of
    Regional Bank Finland; he will take up the position on 15 July.

  * Dag Tjernsmo, head of international asset management. He has been
    appointed executive vice president and head of Regional Bank
    Norway; he will take up the position on 1 October.


When the above-mentioned appointments and changes have become
effective, Handelsbanken's senior management will be as follows:

Senior management of the Handelsbanken Group

Central Bank management
Pär Boman
President, Group chief executive

Katarina Berner Frösdal
Senior vice president, head of Infrastructure

Björn Börjesson
Executive vice president, responsible for contacts with the sector
and authorities as well as internal corporate governance.

Anders H Johansson
Executive vice president, head of IT

Olle Lindstrand
Executive vice president, head of Credit department

Anna Ramberg
Executive vice president, head of Human Resources

Ulf Riese
Executive vice president, CFO, head of Control and Accounting,
Investor relations

Håkan Sandberg
Executive vice president, chairman of subsidiaries

M Johan Widerberg
Executive vice president, chairman of internation markets

Heads of regional banks
Anders Bouvin
Executive vice president, head of Regional Bank Northern Great
Britain

Henrik Carlstedt
Executive vice president, head of Regional Bank Finland

Michael Green
Executive vice president, head of Regional Bank Western Sweden

Rainer Lawniczak
Executive vice president, head of Regional Bank Central Sweden

Thommy Mossinger
Executive vice president, head of Regional Bank Stockholm

Anders Ohlner
Executive vice president, head of Regional Bank Southern Sweden. Also
head of Regional Bank Eastern Sweden until a successor has been
appointed.

Göran Stille
Executive vice president, head of Regional Bank Northern Sweden

Dag Tjernsmo
Executive vice president, head of Regional Bank Norway

Magnus Uggla
Executive vice president, head of Regional Bank Southern Great
Britain

Frank Vang-Jensen
Executive vice president, head of Regional Bank Denmark

Heads of business areas


Per Beckman
Executive vice president, head of Handelsbanken Capital Markets

Yonnie Bergqvist
Chief executive of Handelsbanken Finans

Petri Hatakka
Executive vice president, head of Handelsbanken International

Lars Kahnlund
Chief executive of Stadshypotek

Claes Norlén
Executive vice president, head of Handelsbanken Asset Management

Heads of central departments

Jan Häggström
Senior vice president, head of Financial Research

Ulf Köping-Höggård
Senior vice president, head of Legal department

Lena Thörnell
Senior vice president, head of Corporate Communications

Janita Thörner-Lehrmark
Senior vice president, head of Central Administration department


For further information, please contact:

Pär Boman, group chief executive
+46 8 229220

Johan Lagerström, press officer
+46 8 701 1395, mobile: +46 70 265 8014