Länsförsäkringar Bank: Interim report January – September 2005

“Länsförsäkringar’s banking operations are going well. Volume growth continues and all key figures are pointing in the right direction. We are highly pleased with the much improved earnings results for our funds. Planning is now focused on market investments for continued expansion“, says Tomas Johansson, President and CEO, Länsförsäkringar Bank.

Summary: • Operating income before loan losses rose by 26% to SEK 149.7 M (119.1). Operating income after loan losses amounted to SEK 105.6 M 90.5). • Revenue was up 8% to SEK 963.5 M (888.7). • Administration expenses increased by 6% to SEK 813.8 M (769.6). • Net interest income rose by 8% to SEK 650.0 M (604.4). • Return on equity after standard tax was 3.8% (4.3). • Lending to the public increased by 21% to SEK 45.1 billion (37.4). Deposits from the public rose 10% to SEK 20.4 billion (18.6). • Mortgage lending by the subsidiary Länsförsäkringar Hypotek rose by 32% to SEK 29.1 billion (22.0). • A capital contribution of SEK 300 M was received in the form of an unconditional shareholders’ contribution. • Capital adequacy was 11.61% (11.69) and the Tier 1 ratio 9.26% (9.20). • Sweden’s most satisfied personal banking customers for second consecutive year. The total number of bank customers is 588,000 (565,000). Figures in parentheses pertain to January – September 2004. The full report is found here: www/lansforsakringar.se/info/In_english For further information, contact: Tomas Johansson CEO Länsförsäkringar Bank +46 8 588 419 82 +46 73 96 419 82 tomas.g.johansson@lansforsakringar.se Christer Baldhagen Senior Vice President Corporate Communications +46 8 588 415 01 +46 70 579 70 66 christer.baldhagen@lansforsakringar.se

About Us

Länsförsäkringar is Sweden’s only customer-owned and locally established banking and insurance group. The customers in each of the counties in the country own their local and independent regional insurance company. The 23 regional bank and insurance companies cooperate in the jointly owned Länsförsäkringar AB, which conducts development and provides services within banking, life assurance, non-life insurance and animal insurance. Länsförsäkringar offers a broad range of insurance and banking services for individuals, companies and farming. All companies within the Länsförsäkringar Alliance are environmentally certified in accordance with ISO 14001.

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