FöreningsSparbanken sells holding in Erste Bank

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FöreningsSparbanken sells holding in Erste Bank FöreningsSparbanken (Swedbank) has today sold its shares in the Austrian bank Erste Bank. The transaction will result in an estimated capital gain of SEK 489 M. The 2.3 million shares formerly held by the group represent 3.9 percent of the votes in Erste Bank. The revenue from the disposal, SEK 1,564 M, is expected to translate into a SEK 489 M capital gain, which will be included in FöreningsSparbanken's second quarter earnings. "From tradition we have very good relations with Erste Bank. Our ownership is, however, not a prerequisite for this and therefore we have chosen to realize this profitable investment", says Carl Eric Stålberg, Executive Chairman of FöreningsSparbanken. "We are convinced that Erste Bank will continue to develop strongly and look forward to a continued fruitful relationship." For further information: Jonas Blomberg, Head of Investor Relations, +46-8-585 933 22 Nils-Fredrik Nyblaeus, Deputy President and Chief Financial Officer, +46-8-585 925 32 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/06/18/20030618BIT01240/wkr0001.doc http://www.waymaker.net/bitonline/2003/06/18/20030618BIT01240/wkr0002.pdf

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