Correction: Change of the distribution of shares in Swedbank due to conversion of preference shares to ordinary shares

This is a correction of the press release sent September 4, 2012, 10:25, which stated the wrong number of preference shares that will be converted.

The allocation of shares in Swedbank AB (”Swedbank”) has changed due to owners of preference shares having requested during the month of August, 2012 conversion of an aggregate of 8,532,853 preference shares into ordinary shares pursuant to the conversion clause set forth in Swedbank’s articles of association.

After the conversion, the number of ordinary shares in Swedbank amounts to 951,149,816 and the number of preference shares amounts to 180,855,906. The total number of shares is unchanged and amounts to 1,132,005,722. The conversion has been filed for registration with the Swedish Companies Registration Office and is expected to be finalized by registration with Euroclear Sweden AB around September 6, 2012.

Owners of preference shares are, for the last time, during February 2013 entitled to request that such shareholder’s entire holding of preference shares are converted into ordinary shares. All remaining preference shares will be subject to mandatory conversion into ordinary shares during 2013.

As of September 3, 2012 Swedbank held repurchased shares amounting to 33,000,000 ordinary shares in order to hedge the banks commitments relating to performance and share based remuneration programs for 2010, 2011 and 2012. In addition, there may be holdings of own shares within the securities operations.

Further information, please contact:
Johannes Rudbeck, Head of Investor Relations, Swedbank, phone: +46 70 582 56 56
Anna Sundblad, Press Officer, Swedbank, phone: +46 70 321 39 95

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development “Beyond Financial Growth”. As a leading bank in the home markets Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 7.8 million retail customers and around 600,000 corporate customers and organizations with 312 branches in Sweden and approximately 200 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S., China, Russia and Ukraine.
As of 30 June, 2012 the group had total assets of SEK 1,834 billion. Read more at www.swedbank.com