Interim Report January - June 2009

“The banking operations continue to report strong growth in all areas and we are capturing market shares. It is gratifying that the number of customers with whom we have a close and broad relationship is increasing significantly. With a strong retail mortgage offering as base, our entire banking offering is a huge success in the market. Customers regard Länsförsäkringar as a reliable and stable supplier within the banking and insurance sector, which allows us to assert ourselves well in the prevailing market. Credit quality is highly

favourable and the credit portfolio, which largely comprises household loans, has an excellent geographic spread in Sweden. The bank’s financial position and liquidity remain favourable”, says Mats Ericsson, President of Länsförsäkringar Bank.

Summary

• Operating profit increased 9% to SEK 133 M (123).

• Net interest income rose 5% to SEK 583 M (553).

• Loan losses remained low and amounted to SEK 28 M (29)

• Lending to the public rose 23% to SEK 90 billion (73) and deposits from the public increased 15% to SEK 37 billion (32). Retail mortgage lending in the subsidiary Länsförsäkringar Hypotek increased 20% to SEK 61 billion (51).

• The capital adequacy ratio according to Basel II amounted to 15.0% (16.3) and the Tier 1 ratio to 12.4% (13.6).

• The number of customers increased 8% to 730,000 (676,000) and the number of products per customer rose.

• The number of cards increased 22% to 202,000 (165,000).

Figures in parentheses pertain to the same period in 2008.

The full report is available below.

For further information, contact

Mats Ericsson

President, Länsförsäkringar Bank AB

+46 (0)8-588 409 63

+46 (0)73-96 409 63

mats.ericsson@lansforsakringar.se

Anders Borgcrantz,

Executive Vice President and CFO, Länsförsäkringar Bank AB

+46 (0)8-588 412 51

+46 (0)73-96 412 51

anders.borgcrantz@lansforsakringar.se

Christer Baldhagen,

Senior Vice President Corporate Communications, Länsförsäkringar AB

+46 (0)8-588 415 01

+46 (0)70-579 70 66

christer.baldhagen@lansforsakringar.se