Swedbank to acquire Danske Bank’s retail banking business in Lithuania and Latvia

Swedbank strengthens its footprint in the Baltics by an agreement with Danske
Bank to acquire its retail banking business in Lithuania and Latvia.
The acquisition affects around 120 000 private customers in Lithuania with
approximately EUR 525m of loans and 7 000 private customers in Latvia with
approximately EUR 116m of loans.

- I welcome all new customers and feel confident that they will appreciate
Swedbank’s availability and wide range of digital services. We aim to make them
as satisfied as the rest of our Baltic customers, says Priit Perens, Head of
Baltic Banking, Swedbank.

The transaction is subject to approval from the regulatory authorities in both
Lithuania and Latvia, and will become effective once approved in both countries.
The acquisition is targeted for closing in the first quarter of 2016.

Swedbank AB (publ) is required to disclose this information pursuant to the
Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments
Trading Act (1991:980) and/or the regulatory framework of Nasdaq Stockholm).
This information was sent to be published on 23 September at 10.00 CET.
For further information please contact:
Gregori Karamouzis, Head of Investor Relations, Swedbank, +46 727 40 63 38 or
gregori.karamouzis@swedbank.com
Claes Warrén, Press Officer, Swedbank, +46 703 75 00 54
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 over 7 million retail customers and around
600 000 corporate customers and organisations with 296 branches in Sweden and
149 branches in the Baltic countries. The group is also present in other Nordic
countries, the US and China.
As of 30 June 2015 the group had total assets of SEK 2 299 billion. Read more at
www.swedbank.com