SEK: Increased demand for financing from the export industry

Despite a market situation characterized by liquidity crisis, SEK has
remained able to offer Swedish export companies access to financing.
The demand for financial solutions has grown during the year,
increasing SEK's importance for the Swedish export industry.

  * Operating profit (IFRS) for 2008, after impairments and changes
    in fair value, amounted to Skr 167.7 million (506.9)
  * Core Earnings after impairments, amounted to Skr 834.0 million
    (533.6)
  * Capital injection of Skr 5.4 billion via new share capital and
    shareholder contribution
  * The volume of new customer financing solutions, highest ever,
    totaled Skr 64.9 billion (56.8)
  * High volume of new lending to the corporate sector during the
    fourth quarter of Skr 19.3 billion, of which Skr 12.4 billion in
    December
  * Increased volume of export credits and lending to the financial
    sector
  * Successful borrowing totaling Skr 86.2 billion (108.0)

Demand for SEK's products has increased significantly as the ability
of companies to find financing has decreased due to the liquidity
shortage in the world's capital markets. SEK's role as a stable
partner to the Swedish export industry has become all the more
important. The volume of new customer financing solutions, Skr 64.9
billion, was the highest ever and an increase by Skr 8.1 billion
compared with the previous year. It is primarily loans for the
Swedish export industry and lending to the financial sector that have
experienced strong growth during the year. Lending to the corporate
sector during the fourth quarter totaled Skr 19.3 billion, of which
Skr 12.4 billion during December."Our role is now more important than ever. Difficulties for Swedish
companies to obtain long-term financing make it harder, and sometimes
impossible, to conduct essential export business. Our strong
earnings, our ability to offer financing despite the market climate,
and the government's decision to further strengthen our lending
capacity are vital, not only for SEK but also for the whole of the
Swedish export industry," says Peter Yngwe, SEK's CEO.

In December, the Swedish government significantly strengthened SEK's
lending capacity to meet the Swedish export industry's financing
needs. SEK was provided a capital contribution of Skr 3 billion in
new equity, and the shares of the state-owned company Venantius AB
were transferred to SEK. Venantius' equity amounts to approximately
Skr 2.4 billion. Also, in the beginning of 2009, SEK was granted a
loan facility of Skr 100 billion. Parliament has also given mandate
to the government to give SEK the possibility to purchase state
guarantees on commercial terms for its new borrowing up to Skr 450
billion.

SEK's new borrowing in 2008 amounted to Skr 86.2 billion. The
Japanese and U.S. retail bond markets accounted for the bulk of SEK's
new borrowing. During the year SEK was one of very few international
institutions that were able to continue to borrow actively.


For further information, please contact Peter Yngwe, SEK's CEO, on
+46 8 613 83 00, or Johan Winlund, Head of Communications, on +46
8 613 84 88.