Nominations to Swedbank's Board of Directors 2011

Press Release 10 February, 2011

Nominations to Swedbank's Board of Directors 2011

Swedbank AB´s nomination committee proposes Olav Fjell as new member of the
Board. The Nomination committee further suggests re-election of the board
members Ulrika Francke, Göran Hedman, Lars Idermark, Anders Igel, Helle Kruse
Nielsen, Pia Rudengren, Anders Sundström, Karl-Henrik Sundström and Siv
Svensson. Berith Hägglund-Marcus has declared that she is not available for
re-election.
According to the proposal from the nomination committee the number of board
members, elected at the Annual General Meeting (AGM), will remain unchanged at
ten. 
The nomination committee further proposes Lars Idermark as Chair of the Board. 
The nomination committee suggests unchanged remuneration for the Board during
the next election period. Fees for accountant will continue to be paid on
account. 

The AGM for Swedbank AB 2011 will take place at Cirkus in Stockholm, Friday, 25
March 2010.

The nomination committee proposes that the lawyer Claes Beyer will Chair the AGM
2011. 

The nomination committee prior to the AGM 2011 has the following members: 
Lennart Anderberg, representative for the owner-group Föreningen
Sparbanksintressenter, Chair of the nomination committee
Christer Gardell, representative for the owner-group Cevian 
Lars Idermark, Chair of the Board of Swedbank AB
Anders Sundström, representative for the owner-group Folksam
Rose Marie Westman, representative for Alecta Pensionsförsäkring

The entire proposal of the nomination committee will be presented in the
invitation to the AGM and will in connection therewith also be available on
Swedbank´s website.



Further information, please contact:
Lennart Anderberg, Chair of the nomination committee, Swedbank AB, telephone:
+46 73 226 00 59
Anna Sundblad, Press Manager, Swedbank, telephone: +46 70 321 39 95





Appendix 1 

Olav Fjell, born 1951
Education: Bachelor of Business and Administration, Norwegian School of
Economics and Business Administration (NHH), 1975
CEO of Hurtigrutten since 2007
CEO of Lindorff Group, 2005-2007
Advisor First Securities, 2004-2005
CEO of Statoil, 1999-2003
CEO of Postbanken, 1995-1999
Various leading positions, member of Executive Board, DnB, 1991-1994
Various leading positions, Bergen Bank, 1987-1990
Chief Financial Officer, Kongsberg Våpenfabrikk, 1982-1987

Swedbank promotes a sound and sustainable financial situation for the many
people, households and companies. Our vision is to contribute to a development
“Beyond Financial Growth”. As a leading bank in the home markets Sweden,
Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial
services and products. Swedbank has 9.5 million retail customers and around
680,000 corporate customers with 340 branches in Sweden and over 200 branches in
the Baltic countries. The group is also present in other Nordic countries, the
U.S., China, Russia and Ukraine. As of December 31 2010 the group had total
assets of SEK 1,716 billion. Read more at www.swedbank.com