Guidelines concerning voluntary conversion of preference shares to ordinary shares in Swedbank

Press Release October 6, 2009

Guidelines concerning voluntary conversion of preference shares to ordinary
shares in Swedbank

Swedbank has requested and received guidelines from the Swedish Tax Agency
concerning the voluntary conversion of preference shares to ordinary shares
during the month of August 2009. According to the Swedish Tax Agency's
guidelines (for Swedish tax purposes only): 

•	Each preference share in Swedbank for which conversion was requested during
the month of August 2009 may be deemed to have been sold at SEK65.50.
•	Each ordinary share in Swedbank received by means of the conversion may be
deemed to have been acquired at SEK65.50.

The above represents the key contents of the Swedish Tax Agency's original text,
which is available in Swedish only. In case of discrepancies between the
contents of this press release and the Swedish Tax Agency's original, the
Swedish Tax Agency's version shall prevail. 

The information is only applicable for shareholders liable to tax in Sweden and
is stated for information purposes only in English. For shareholders who are
liable to tax in any other country than Sweden, local tax legislation will apply
in each jurisdiction. Similar tax treatment as the Swedish one may or may not
apply in various countries; however each shareholder should seek local tax
advice.


Further information, please contact:
Johannes Rudbeck, Head of Investor Relations, Swedbank, phone: +46 705 825 656 
Anna Sundblad, Press Officer, Swedbank, phone: +46 703 213 995

Swedbank's vision is to be the leading financial institution in the markets
where we are present. Swedbank has 9.4 million retail customers and 600,000
corporate customers with 419 branches in Sweden, 278 branches in the Baltic
countries and another 215 branches in Ukraine. The group is also present in
Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai,
St. Petersburg and Tokyo. As of December 2008 the group had total assets of SEK
1,812 billion and approximately 21,000 employees. For more information about
Swedbank, please visit www.swedbank.com.