Michael Wolf awarded by the Estonian President

Press Release January 18, 2011

Michael Wolf awarded by the Estonian President

In connection with Estonia's state visit toSweden, Swedbank's Chief Executive
Officer Michael Wolf receives the Order of the Cross of Terra Mariana of the
third class from Estonia's President Toomas Hendrik Ilves.



“This is a recognition of the positive impact Swedbank has in Estonia. It is a
great honor which I share with all of my co-workers, in particular our Estonian
employees lead by Priit Perens” said Michael Wolf.

Michael Wolf comments further:

“Estonia is one of our four home markets. Our commitment is long term and we
look forward to continuing to offer leading bank services to the many businesses
and households and being deeply involved in the development of society.”

“We have played a pivotal role in the changeover to the euro, where we ensured a
smooth transition in close cooperation with Estonian authorities.”

“We look forward to a continued close collaboration regarding issues which are
important both for Estonia and Swedbank - to strengthen the capital market, the
legal frameworks, business ethics and education regarding private finances”
concluded Michael Wolf.


Further information:
Thomas Backteman, Head of Corporate Affairs, Swedbank, phone: +46 708 31 11 66
Kristiina Tamberg, Head of Communication, Swedbank Estonia, phone: +372 888 78
83
Anna Sundblad, Press Manager, Swedbank, phone: +46 703 21 39 95



Swedbank in Estonia - Facts
Estonia has 1.35 million inhabitants. Swedbank has 1.2 million private customers
and 104 00 corporate clients in Estonia, approximately 2 570 employees, 64
branch offices, 1.1 million cards and 547 ATM:s. Two bank busses service clients
living on remote locations. The bank represents 54 percent of the borrowing and
48 percent of the lending to private clients, 47 percent of pensions and 42
percent of the borrowing and 40 percent of the lending to corporate clients.

Swedbank supports community projects in health, education, personal finance,
voluntary effort and environmental issues. Among other things, students are
offered to become teachers in certain subject areas within the foundation Noored
Koolie (Young teachers to school foundation) in which Swedbank in Estonia played
a role as one of the initiators. Through the bank's donation portal, customers
are able to donate money to non-profit projects. Read more about the bank's
community projects in Estonia, 
https://www.swedbank.ee/about/support?language=ENG.

Swedbank promotes a sound and sustainable financial situation for the many
people, households and companies. Our vision is to contribute to a development
“Beyond Financial Growth”. As a leading bank in the home markets Sweden,
Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial
services and products. Swedbank has 9.5 million retail customers and about
670,000 corporate customers with more than 350 branches in Sweden and over 200
branches in the Baltic countries. The group is also present in other Nordic
countries, the U.S., China, Russia and Ukraine. As of September 30 2010 the
group had total assets of SEK 1,846 billion. Read more at www.swedbank.com