FöreningsSparbanken has agreed to sell its shares in SpareBank 1 Gruppen

FöreningsSparbanken (Swedbank) has agreed to sell all of its shares in SpareBank 1 Gruppen to a group of buyers, including the SpareBank 1 banks. The ownership represents 19,5 % of the shares in SpareBank 1 Gruppen. The total sale price is NOK 682.5M equivalent to SEK 802.6M. The transaction is subject to approval from relevant authorities. The transaction will result in a capital gain for FöreningsSparbanken of slightly over SEK 346M. The Group’s primary capital ratio will increase by approximately 0.05 percentage points and its capital adequacy will increase by approximately 0.13 percentage points. As a consequence the comprehensive collaboration agreement between FöreningsSparbanken and the SpareBank 1 Gruppen will no longer be in effect. In practical terms however, the sale will not affect the commercial relationships that FöreningsSparbanken and its subsidiaries have with the Norwegian SpareBank 1 alliance, i.e. through EnterCard, First Securities and Swedbank Oslo. Corresponding information is given by the buying banks in connection with the opening of the Oslo stock exchange today. For further information, please contact: Anders Ek, Executive Vice President, head of Strategic and International Banking, phone +46 70 516 71 21 Henrik Kolga, Head of Communication, phone +46 708 11 13 15