FöreningsSparbanken (Swedbank) sells Luxembourg properties

FöreningsSparbanken (Swedbank) sells Luxembourg properties FöreningsSparbanken has today made an agreement with Luxembourg-based property company Grandamo S.A.R.L. regarding sale of the bank´s Luxembourg properties. Swedbank (Luxembourg) S.A has signed a lease agreement of the current disposed office space for 7 ½ years. The price amounts to LUF 403 M and the loss connected to the sale is covered by provisions made earlier. For further information please contact: Pär Sandberg, Head of Properties, telephone + 46 - 70 - 637 0662 Roland Petersson, Investor Relations, telephone + 46 - 8 - 5859 2968 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/07/14/19990714BIT00310/bit0001.doc http://www.bit.se/bitonline/1999/07/14/19990714BIT00310/bit0002.pdf