Handelsbanken’s Annual General Meeting 2015

Board
At the annual general meeting on 25 March 2015, all members of the Board of
Handelsbanken were re-elected, with the exception of Mr Jan Johansson and Mr
Sverker Martin-Löf, who had declined re-election. Ms Lise Kaae and Mr Frank Vang
-Jensen were elected as new Board members. Mr Pär Boman was elected Chairman. A
list of the members of the Board can be found below.

At the subsequent first Board meeting, Mr Fredrik Lundberg was appointed as Vice
Chairman.

Auditors
The meeting re-elected KPMG AB and Ernst & Young AB as auditors for the period
until the end of the annual general meeting to be held in 2016. These two
auditing companies have appointed new auditors in charge, namely Mr George
Pettersson (authorised public accountant) as auditor in charge for KPMG AB, and
Mr Jesper Nilsson (authorised public accountant) as auditor in charge for Ernst
& Young AB.

Dividend
The meeting adopted the Board’s proposal for an ordinary dividend of SEK 12.50
per share and an extra dividend of SEK 5.00 per share. The record day for the
dividend is Friday, 27 March 2015. The dividend is expected to be distributed by
Euroclear on Wednesday, 1 April 2015.

Acquisition and divestment of the Bank’s own shares
In accordance with the Board’s proposal, the meeting authorised the Board to
resolve on the purchase of class A and/or B shares in Handelsbanken during the
period until the annual general meeting in 2016, in accordance with the
following conditions:

  · The purchases shall be made on NASDAQ OMX Stockholm AB.
  · The Bank may purchase a total of no more than 40,000,000 class A and/or B
shares.
  · When they are purchased, the shares shall be paid for at a price within the
registered price range at any time, or at a price in compliance with NASDAQ OMX
Stockholm AB’s rules regarding volume-weighted average prices.
  · The aggregated holding of the Bank’s own shares, including shares in the
trading book, shall not at any time exceed one-tenth of the total number of
shares in the Bank.

The meeting also authorised the Board a) to resolve on divestment of the Bank’s
own shares, deviating from the shareholders’ preferential rights, as payment in
connection with an acquisition of a company or business, and b) to resolve on
divestment of the Bank’s own shares on NASDAQ OMX Stockholm AB at a price within
the registered price range at any time, or in some other way than through NASDAQ
OMX Stockholm AB, in order to finance acquisition of a company or business, with
or without preferential rights for the shareholders, and with or without
provisions on payment in kind or through a set-off. In this case, if divestment
deviates from the shareholders’ preferential rights, the remuneration for shares
sold must correspond to an estimated market value and be payable in forms other
than cash. In other respects, the following terms shall apply:

  · The authorisations can be utilised on one or more occasions until the next
ordinary general meeting.
  · The authorisation on divestment covers all class A or B shares in
Handelsbanken held by the Bank at the time of the Board’s resolution.

Handelsbanken has no holding of repurchased own shares.

In accordance with the Board’s proposal, the AGM also resolved that, during the
period until the annual general meeting in 2016, the Bank, in order to
facilitate its securities operations, should have the right to acquire its own
ordinary class A and/or B shares for the Bank’s trading book, on condition that
its own shares in the trading book shall not at any time exceed two per cent of
all shares of the Bank. The shares shall be acquired at the market price
applicable at the time of purchase.

Stock split and change to the articles of association
The meeting approved the Board’s proposals

 1. that each share, irrespective of class, be split into three shares (3:1
split) of the same class
 2. to authorise the Board to determine a record date for the split, which must
not, however, be before the date the decision is registered with the Swedish
Companies Registration Office
 3. that, with the purpose of adapting the limits for the number of shares and
share capital, section 4, paragraphs 1-3 of the articles of association be
changed as follows
“The Bank’s share capital shall be at least two billion three hundred and twenty
five million (2,325,000,000) Swedish kronor and at most nine billion three
hundred million (9,300,000,000) Swedish kronor.
The number of shares shall be at least 1,500,000,000 and at most 6,000,000,000.
Two classes of shares may be issued: class A and class B. The maximum number of
class A shares which may be issued is 6,000,000,000 and the maximum number of
class B shares is 150,000,000”

 4. to authorise the Chairman of the Board to make any adjustments needed in the
decision which are required for registration at the Swedish Companies
Registration Office or in Euroclear Sweden AB’s processing.

Guidelines for remuneration to executive officers
The meeting approved the Board’s proposal on guidelines for remuneration and
other terms of employment for executive officers of Handelsbanken, as follows.
The guidelines shall not affect any remuneration previously decided for
executive officers.

  · The aggregated total remuneration shall be on market terms.
  · Remuneration is paid only in the form of a fixed salary, pension provision
and customary benefits. By special decision of the Board, the Bank can provide
housing. Variable remuneration benefits such as bonus and percentage of profits
are not paid.
  · The executive officers in question are included in the Oktogonen profit
-sharing system on the same terms as all employees of the Bank.
  · The retirement age is normally 65. Retirement benefits are defined benefit
or defined contribution, or a combination of the two.
  · The period of notice on the part of the officer is six (6) months, and on
the part of Handelsbanken a maximum of twelve (12) months. If the Bank
terminates the employment contract later than five (5) years after the person
becomes one of the Bank’s executive officers, the period of notice is a maximum
of twenty-four (24) months. No other termination benefits are paid.
  · The Board shall have the right in exceptional circumstances to deviate from
the established guidelines if there are special reasons in an individual case.

Members of the Board 2015
Mr JON FREDRIK BAKSAAS, Sandvika
Mr PÄR BOMAN, Linköping
Mr TOMMY BYLUND, Ljusdal
Mr OLE JOHANSSON, Grankulla
Ms LISE KAAE, Vejle
Mr FREDRIK LUNDBERG, Djursholm
Mr ANDERS NYRÉN, Bromma
Ms BENTE RATHE, Trondheim
Ms CHARLOTTE SKOG, Österskär
Mr FRANK VANG-JENSEN, Stockholm
Minutes of meeting
Minutes of the annual general meeting will be available on the Bank’s website
www.handelsbanken.se/ireng approximately two weeks from today’s date.

For more information about Handelsbanken, see:
www.handelsbanken.com (http://www.handelsbanken.se)