Sparbanken Öresund's financial impact on Swedbank

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| Source: Swedbank AB
The Swedish Financial Supervisory Authority approved Swedbank's acquisition of
Sparbanken Öresund on 16 May. On receipt of all the authorisations, the
acquisition was completed on 20 May and integration work was begun. The acquired
portions of Sparbanken Öresund are being consolidated as of 21 May.

Preliminary financial impact on Swedbank's income statement during the period 21
May to 30 June1 (SEKm).

Total income
544
of which net interest income                                             53
of which net commission income                                    18
of which other income                                                      473
of which badwill  2
461
Total expenses
676
of which restructuring costs 2                                         591
Tax expense 2
-131
Profit after
tax                                                                      -5

1 Excluding the impact of Sparbanken Skåne, where Swedbank owns 22 per cent.
2 Non-recurring items in connection with the acquisition, including positive tax
effect of SEK 130m.

Integration costs, in the form of restructuring costs, are somewhat higher than
what had previously been estimated. At the same time, larger surplus values have
been identified in the acquired operations which entailed a somewhat larger
badwill item.

The acquisition's impact on Swedbank's volumes and risk exposure amount as of 30
June (SEKbn).

Loans to the public
16
Deposits from the public                                                    12
Risk exposure amount                                                       15

Sparbanken Öresund's H1 2014 estimated results3), if the acquisition had not
taken place (SEKm).

Total income
544
of which net interest income                                          338
of which net commission income                                 142
of which other income                                                        63
Total expenses
 418
Tax
expense
22
Profit after tax
                                                                    87

3 The actual results for the first 5 months of the year and forecast for June.
The 8 branches sold on to Sparbanken Skåne are included and account for around
SEK 200m of income, around SEK 45m of expenses and around SEK 121m of profit
after tax.
For further information, please contact:
Gregori Karamouzis, Head of Investor Relations, Swedbank tel: +46 727-40 63 38
or ir@swedbank.com
Swedbank promotes a sound and sustainable financial situation for the many
people, households and companies. Our vision is to contribute to development
“Beyond Financial Growth”. As a leading bank in the home markets of Sweden,
Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial
services and products. Swedbank has 8 million retail customers and around 556
000 corporate customers and organisations with 305 branches in Sweden and
approximately 180 branches in the Baltic countries. The group is also present in
other Nordic countries, the US and China. As of 31 December 2013 the group had
total assets of SEK 1 820 billion. Read more at www.swedbank.com