Record date for mandatory conversion of all preference shares into ordinary shares in Swedbank

Pursuant to the conversion clause set forth in Swedbank AB’s (“Swedbank”)
articles of association the Board of Directors has today resolved to convert all
preference shares into ordinary shares.
Time plan

March 27        Last day of trading in preference shares
April 5            Record date for conversion of preference shares into ordinary
shares
April 8            Euroclear registration date of new ordinary shares
Trading in preference shares is not possible from and including March 28 until
new ordinary shares have been received, which normally is the date of
registration with Euroclear.
Registration of the conversion with the Swedish Companies Registration office is
expected before the end of March. Following the conversion Swedbank will only
have ordinary shares issued. The total number of shares will be unchanged and
amount to 1,132,005,722.

Conversion of preference shares into ordinary shares through mandatory
conversion pursuant to the terms of the articles of association is not regarded
as a taxable sale according to an advance tax ruling decided by the Swedish
Council for Advance Tax Rulings on November 7, 2008, which was upheld by the
Swedish Supreme Administrative Court in a judgment on May 14, 2009.
Consequently, ordinary shares which are received pursuant to the mandatory
conversion are deemed to have been acquired at the same time and for the same
acquisition cost as the preference shares.
For further information, please contact:
Johannes Rudbeck, Head of Investor Relations, Swedbank, phone, + 46 70 582 56 56
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95

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 7.8 million retail customers and around
600,000 corporate customers and organizations with 310 branches in Sweden and
approximately 200 branches in the Baltic countries. The group is also present in
other Nordic countries, the U.S., China, Russia and Ukraine. As of 31 December,
2012 the group had total assets of SEK 1,847 billion. Read more at
www.swedbank.com