Information regarding mandatory conversion of preference shares into ordinary shares in Swedbank

Pursuant to the conversion clause set forth in Swedbank AB’s (“Swedbank”) articles of association, all preference shares will converted into ordinary shares following the annual general meeting 2013.

Indicative time plan

March 20      Annual general meeting 2013
March 25      Dividend record date
March 26      Board of Directors’ resolution to convert preference shares into ordinary shares
March 27      Last day of trading in preference shares
April 8          Euroclear registration date of new ordinary shares

Trading in preference shares is not possible from and including March 28 until new ordinary shares have been received, which normally is the date of registration with Euroclear.

Registration of the conversion with the Swedish Companies Registration office is expected before the end of March. Following the conversion Swedbank will only have ordinary shares issued. The total number of shares will be unchanged and amount to 1,132,005,722.

Conversion of preference shares into ordinary shares through mandatory conversion pursuant to the terms of the articles of association is not regarded as a taxable sale according to an advance tax ruling decided by the Swedish Council for Advance Tax Rulings on November 7, 2008, which was upheld by the Swedish Supreme Administrative Court in a judgment on May 14, 2009. Consequently, ordinary shares which are received pursuant to the mandatory conversion are deemed to have been acquired at the same time and for the same acquisition cost as the preference shares.

Further information, please contact:
Magdalena Frostling, Investor Relations Manager, Swedbank, phone: +46 70 205 25 90
Anna Sundblad, Press Manager, 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 310 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 31 December, 2012 the group had total assets of SEK 1,847 billion. Read more at www.swedbank.com