FöreningsSparbanken AB intends to make a cash offer of EUR 11.00 per share in AS Hansapank (the “Offer”)

 FöreningsSparbanken AB (“FöreningsSparbanken”) offers EUR 11.00 in cash for each share in AS Hansapank (“Hansabank”), not already owned by FöreningsSparbanken.  The Offer represents a premium of 16.0 per cent compared to the three months average closing price for the Hansabank share and a premium of 4.7 per cent compared to the closing price on 10 February 2005.  FöreningsSparbanken currently owns 59.71 per cent of the total number of shares of Hansabank.  The Offer contains a condition of an acceptance level of the Offer amounting to at least ninety five per cent (95%) of the total number of shares in Hansabank and certain other customary conditions. “The acquisition of the remaining Hansabank shares is the natural step in our journey to become the leading bank in the Nordic-Baltic region. Hansabank has a unique position, with strong market shares, and will make an excellent platform for FöreningsSparbanken’s further growth in the Baltic countries and beyond“, says Carl Eric Stålberg, Executive Chairman of FöreningsSparbanken. The total value of the Offer amounts to approximately EUR 1,407 million. Hansabank is listed on the Tallinn Stock Exchange. The formal Offer will be made public through a notice and prospectus, which are subject to approval by the Estonian Financial Supervision Authority (FSA). Such approval is expected to be obtained on or about 25 February 2005. For further information, please contact: Carl Eric Stålberg, Executive Chairman, FöreningsSparbanken, phone +46 8 58 59 12 96 Jan Lidén, President and CEO, FöreningsSparbanken, phone +46 8 58 59 22 27 Henrik Kolga, Head of Corporate Communications, FöreningsSparbanken phone +46 708 11 13 15 Jonas Blomberg, Head of Investor Relation, FöreningsSparbanken, Phone +46 702 65 01 33