FöreningsSparbanken’s Annual General Meeting 2005: Dividend set at SEK 6.50 per share

Today’s Annual General Meeting (AGM) of FöreningsSparbanken approved a dividend of SEK 6.50 per share. The record date for the dividend is April 26. The dividend is expected to be paid by VPC (Swedish Central Securities Depository) on April 29, 2005. The Board of Directors and the President were discharged from liability for the year 2004. The AGM resolved to amend the bank’s articles of association, including the provisions in § 6 so that the number of directors shall be not less than seven and not more than eleven. As previously worded, the board consisted of not less than nine and not more than eleven members. It was also resolved that the provisions in § 7 in the articles of association be amended so that the paragraph stating that the directors will elect a chairman from among themselves be stricken to allow the chairman to be elected by the AGM. The AGM also resolved to permit the bank, in its securities operations, to continuously acquire its own shares to facilitate these operations. This decision remains effective until the 2006 AGM and means that shares may be acquired at the market price prevailing at the time of such acquisitions. The holding of shares acquired by the securities operations may at no time exceed 2.5 percent of the total shares in the bank. It was also resolved to authorize the bank’s board until the 2006 AGM to decide to acquire and transfer the bank’s own shares over and above any acquisitions made by the securities operations. The purpose of the authorization is to facilitate the continued adaptation of the bank’s capital structure to existing capital needs and to make it possible for the bank to use its own shares as consideration for possible acquisitions of companies or business activities. According to the authorization, acquisitions may not raise the bank’s total holding of its own shares, including shares acquired by the securities operations, to more than ten percent of the total number of the shares in the bank. Acquisitions may only be made on Stockholmsbörsen (the Stockholm Stock Exchange) and only at a price that lies within the interval between the highest buying rate and the lowest selling rate. Transfers of the bank’s own shares acquired in accordance with the authorization may be made by way of sale on Stockholmsbörsen at a price that lies within the interval at the time of transfer. To finance acquisitions of all or parts of companies or business activities, transfers may also be made other than through Stockholmsbörsen, with the right to diverge from shareholders’ preferential rights and at a price equivalent to estimated market value. Settlement may be made in forms other than cash consideration, such as contributions in kind, set-off of receivables or otherwise with conditions. Following the AGM, the Board of Directors consists of eight members. The following members were reelected: Bo Forslund, Ulrika Francke, Thomas Johansson, Göran Johnsson, Marianne Qvick Stoltz and Carl Eric Stålberg. Birgitta Klasén and Lennart Sundén declined reelection. Anders Sundström resigned in 2004 at his own request. Berith Hägglund-Marcus and Caroline Sundewall were elected as new members. The AGM appointed Carl Eric Stålberg as Chairman of the Board. The AGM approved the principles for the establishment of an election committee. In accordance with the Swedish Code of Corporate Governance, the bank will announce the names of the members of the election committee at least six months before the AGM. At its statutory meeting immediately following the AGM, the board appointed Bo Forslund as First Deputy Chairman, Ulrika Francke as Second Deputy Chairman and Jan Lidén as President and CEO. For a list of the Board of Directors and Auditors following the AGM, see the attachment. For further information, please contact: Carl Eric Stålberg, Chairman, phone +46-8-585 912 96 Jan Lidén, President and CEO, phone +46-585 922 27 Cecilia Hernqvist, Secretary of the Board, phone +46-8–585 913 23 Henrik Kolga, Head of Communications, phone +46-70-811 13 15