Interim Report January - March 2009

“The banking operations are continuing to grow on a broad front and we strengthen our position in the retail mortgage market. The number of customers is continuously increasing, which shows that we have a strong offering that is attractive in turbulent times. In addition, it is pleasing that the number of customers with a close relationship to the bank is rising and the percentage of those who are also customers of Länsförsäkringar’s non-life insurance and life-assurance operations is growing. The earnings trend is stable. Our credit quality is high and loan losses remain low. The bank’s financial position and liquidity are favourable, says Mats Ericsson, President of Länsförsäkringar Bank.

Summary

• Operating profit increased 8% to SEK 68 M (63).

• Net interest income rose by 9% to SEK 296 M (270).

• Loan losses remained low and amounted to SEK 18 M (13).

• Lending to the public rose by 20% to SEK 83 billion (69) and deposits from the

• public increased by 15% to SEK 36 billion (31). Retail mortgage lending in the subsidiary Länsförsäkringar Hypotek increased by 16% to SEK 56 billion (49).

• The capital adequacy ratio amounted to 11.0% (10.7) and the Tier 1 ratio to 9.1% (8.9) according to the Basel II transition rules.

• The number of customers rose to 713,000 (667,000) and the number of household financing customers with a close relationship with the bank rose to 164,000 (138,000).

• The number of cards increased to 190,000 (157,000).

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