Second highest lending volumes ever to the Swedish export economy

SEK activity was high during the year and assisted Swedish export companies with
funding amounting to Skr 56.2 billion, the second highest volume ever.
In 2012 the demand for funding has been high from Swedish exporter’s customers.
Total new lending for End customer financing amounted to Skr 38.7 million. Many
buyers of Swedish exports are looking for financing, resulting in a high volume
of end-customer finance. The high volumes have also been affected by some banks
decreased willingness to provide long-term credit. In 2012, there have been many
large and technically difficult transactions conducted in cooperation with
banks. The volume of financing directly to export companies amounted to Skr 17.6
billion.

SEK played an important role by assisting Swedish companies through export
finance. The cooperation with banks has been a key factor to reach the high
volumes. SEK celebrated its 50th anniversary in 2012. SEK has during all these
50 years been able to assist Swedish export industry with financing, both in
good times and in bad contributed to the strong development for the Swedish
export industry. Our aim for 2013 is to be able to help our customers even
more,” said SEK President Peter Yngwe.

  · New lending to and for Swedish exporters was Skr 56.2 billion (51.2).

  · Operating profit amounted to Skr 824.4 million (1,889.1) and the return on
equity after tax was 5.0 percent (10.5)

  · Operating profit, excluding unrealized changes in fair value, amounted to
Skr 1,652.6 million (1,847.6).

  · The volume of offers for credits at year-end was Skr 59.5 billion (64.3)
  · The common equity Tier-1 capital adequacy ratio was 19.8 percent at the end
of the period (18.9)

  · The Board of Directors has decided to propose to the annual general meeting
that a regular dividend of Skr 212.6 million be paid, which corresponds to 30
percent of net profit after tax.

The report contains information that SEK will disclose pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication on February 1, 2013 13:00 (CET).

Additional information about SEK, including investor presentations and the
Annual Report for the financial year 2011, is available at www.sek.se.