Keen interest in Handelsbanken's options programme

The Board has decided on an exercise price of SEK 178:50, and an option price of SEK 11:-. The programme will run until November 25, 2004 inclusive. The average price of Handelsbanken class A shares was
SEK 111:83 during the measurement period which was part of the subscription period. The options have been valued by Alfred Berg Fondkommission AB, who have indicated an exercise price of between SEK 176 - 181. Handelsbanken Markets have arrived at the same result in its valuation. The Board considers that the valuations have been carried out in accordance with sound business practice.

For further information, please contact: <br> <br>Lars Lindmark, Head of Corporate Communications <br>tel: +46 8-22 92 20, mobile: +46 70-595 85 80 <br>

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