Swedbank re-launch their Custody Offerings in cooperation with JPMorgan

Press Release October 2, 2007

Swedbank re-launch their Custody Offerings in cooperation with JPMorgan

Swedbank announces the re-launch of their Custody offering together with a
unique cooperation with JPMorgan Worldwide Securities Services. 

Custody is a vital component of the Swedbank product line and has been for many
years, serving a client base which includes both domestic and international
institutions.

In response to client needs, market changes and infrastructure development,
Swedbank will now re-launch its line of Custody products and services offered to
clients. The innovative steps which are now being taken will enable Swedbank to
utilize JPMorgan's state of the art technical structure, advanced suite of
products and sophisticated global securities knowledge in conjunction with
Swedbank's strong client servicing and local market expertise. 

In addition, Swedbank and JPMorgan will cooperate in marketing custody services
in Sweden and the Baltics. This cooperation and technical product development
will ensure that Swedbank's securities products not only meet current client
demands but can benefit from future product and technical advancements by
JPMorgan. At the same time, Swedbank will increase focus on regional market
expertise and client servicing. 

Swedbank will also expand its capacity by offering Custody services in all four
Nordic countries as well as in the Baltics. 


For further information:
Annika Wijkström, Head of Swedbank Markets, phone: +46 8 5859 1397
Birgitte Bonnesen, Head of CRM, Swedbank Markets, phone: +46 8 5859 1141
Neal Meacham, Head of Custody, phone: +46 70 341 80 40Swedbank's vision is to be the leading financial institution in the markets
where we are present. Swedbank has 9 million retail customers and 500,000
corporate customers with more than 470 branches in Sweden, 290 branches in the
Baltic countries and another 190 branches in Ukraine. The group is also present
in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Marbella, Moscow, New York,
Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2006 the group had
total assets of SEK 1,400 billion and approximately 18,000 employees. For more
information about Swedbank, please visit www.swedbank.com.