Correction: Länsförsäkringar Hypotek: Year-end report 2007

The Year-end report 2007 from Länsförsäkringar AB was unfortunately released under the wrong company name. Länsförsäkringar AB Year-end report 2007 should have been Länsförsäkringar Hypotek Year-end report 2007

– I am extremely proud of the position that Länsförsäkringar captured in the mortgage market in 2007. We experienced market growth of nearly 7% during the year, which is double the amount of our market share. We achieved this by having the most satisfied customers in the mortgage market for the third consecutive year, and our customers appreciate us as a priceworthy alternative. The turmoil in the capital markets continued during the fourth quarter. As a result, the low level of risk in our lending and liquidity portfolios comprised a competitive advantage for the company. The covered borrowing has functioned well and enabled our strong market growth, says Göran Laurén, Acting President in Länsförsäkringar Hypotek.


Summary:

• Lending increased by 30% to SEK 48 billion (37).
• The market share of mortgages to households increased from 3.0% to 3.4%.
• The percentage of market growth amounted to nearly 7% for the year.
• Operating income amounted to SEK 58 M (36).
• Net interest income rose by 30% and amounted to SEK 236 M (182).
• Capital adequacy was 10.48% and the Tier 1 ratio 8.59% in accordance with Basel II transition rules.
• For the third consecutive year, Länsförsäkringar has the most satisfied mortgage customers according to the Swedish Quality Index.
• The number of customers rose to 106,300 (90,400).


Figures in parentheses pertain to 2006.
All comparative figures have been restated in accordance with IFRS.

The full report is available at www.lansforsakringar.se/info

For further information, contact:

Göran Laurén
Acting President Länsförsäkringar Hypotek AB
+46 (0)8-588 410 73
+46 (0)73-96 410 73

Mattias Nordin
Finance Manager Länsförsäkringar Hypotek AB
+46 (0)8-588 409 08
+46 (0)73-96 409 08

Christer Baldhagen
Senior Vice President Corporate Communications Länsförsäkringar AB
+46 (0)8-588 415 01
+46 (0)70-579 70 66