Chairman of the Board Lars O Grönstedt has informed the Nomination Committee of Handelsbanken that he will be declining re-election at this year's Annual General Meeting, which will be held on April 23, 2008. The background to his decision is that he has a differing opinion than the others on the board about the design of the boards work as well as the bank's strategy.

 

At a meeting on 2 April 2008 (see separate press release), the Nomination Committee decided to propose to the Annual General Meeting that Hans Larsson, Vice Chairman of Svenska Handelsbanken, be elected as Chairman of the Board, and the re-election of all other directors except for Lars O Grönstedt.

 

Svenska Handelsbanken

 

The Board