Press release October 7, 2008 Swedbank's exposure on Icelandic banks Swedbank has no direct exposure on Icelandic banks. Swedbank has an exposure towards a Danish subsidiary of SEK 564 million, of good quality. According to information the exposure will also be included in the political agreement on financial stability in Denmark. Swedbank has an exposure towards a Norwegian subsidiary in a covered bond of SEK 140 million and a secured exposure of SEK17 Mkr on a Swedish subsidiary. For further information: Lars Lundquist, Credit Chief Officer, Swedbank, phone: +46 70 678 54 64 Anna Sundblad, Press Manager, Swedbank, phone: +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.
Swedbank's exposure on Icelandic banks
| Source: Swedbank AB