January – March 2007

” We had an encouraging start to the year. We doubled sales in March and have captured market shares. In addition, we received a license from Finansinspektionen to issue covered bonds, an important milestone for us. This strengthens our position in the market and ensures that we can continue to offer customers attractive prices for mortgage loans. Since it was founded, Länsförsäkringar has been involved in pressuring prices, improving terms and conditions for customers and providing a major contribution to today’s competitive situation. We will continue to be a challenger on the Swedish mortgage market”, says Anders Borgcrantz, President of Länsförsäkringar Hypotek.

Summary

>Lending increased by 18%, from SEK 32 billion to SEK 38 billion.
>The market share of new lending in the mortgage market was approximately 6% during the period. >During March the share was approximately 8%.
>Operating income amounted to SEK 12.3 M (8.5).
>Net interest income rose by 23% and amounted to SEK 52.7 M (43.0).
>Capital adequacy was 10.6% (11.6) and the Tier 1 ratio 9.0% (9.7), calculated
according to Basel I
>On March 23, 2007, the Swedish Financial Supervisory Authority (Finansinspektionen) approved the company’s application for a license to issue covered bonds.
>The number of customers rose to 92,000 (85,000).

Figures in parentheses pertain to January-March 2006

All comparative figures have been restated in accordance with IFRS.


For further information, contact:

Anders Borgcrantz,
President, Länsförsäkringar Hypotek AB
+46 (0)8-588 412 51
+46 (0)73- 96 412 51

Dag Rosander,
Press Officer, Länsförsäkringar AB
+46 (0)8-588 414 99
+46 (0)73-96 414 99