Lars Friberg, Head of Group HR, has been named Head of Financial Institutions at
Lars has broad and in-depth knowledge and experiences from the institutional
business, having previously been Head of Swedbank Private Banking, and prior to
this he has held a range of key roles within Merchant Banking in SEB including
Head of Trading Capital Markets. Most recent, Lars comes from the role as Head
of Group HR.

- The financial institution business is central for Swedbank to continue to grow
as a commercial bank and we need to continue strengthening our relations with
institutions, organisations and banks. Few know the institutional market as Lars
Friberg and with the competencies, experiences and network that he has – I am
convinced that he is the right person to lead Financial Institutions, says Ola
Laurin, Head of Large Corporates & Institutions.

The recruitment of a new Head of Group HR will start immediately and Elisabet
Wretlinge Zorn is Acting Head of Group HR. The changes will be effective as of 1
September 2016.

Swedbank AB (publ) is required to disclose this information pursuant to
Regulation (EU) No 596/2014 on market abuse, the Swedish Financial Instruments
Trading Act (1991:980) and/or the regulatory framework of Nasdaq Stockholm).
This information was sent to be published on 22 August 2016 at 08.00 CET
For more information
Ola Laurin, Head of Large Corporates & Institutions, Swedbank, phone +46 8 5859
Gabriel Francke Rodau, tf kommunikationchef, Swedbank, phone +46 8 5859 2107
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
640 000 corporate customers and organisations with 266 branches in Sweden and
143 branches in the Baltic countries. The group is also present in other Nordic
countries, the US and China. As of 31 July 2016 the group had total assets of
SEK 2 476 billion.