Päivi Suksi appointed Head of FöreningsSparbanken in Finland

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Päivi Suksi has been appointed Head of FöreningsSparbanken’s branch in Helsinki. Päivi Suksi was previously employed by Handelsbanken, where she worked from 1997 in various senior positions, most recently as operations manager of a regional bank in Finland. Prior to that she spent many years at various divisions of Union Bank of Finland, where she gained a wealth of knowledge of the Finnish financial market.

“We are very pleased to have recruited Päivi Suksi,” said Jan Lidén, President and CEO of FöreningsSparbanken. “FöreningsSparbanken is starting with a business branch in Helsinki. Our aim is to expand operations, and with Päivi’s broad-based competence and experience we expect to grow strongly in Finland.”

The Helsinki branch will provide qualified advice and service to Swedish and Finnish business customers with operations in the Nordic and Baltic countries and in Russia.

“By establishing operations in Finland, FöreningsSparbanken is better able to offer

banking services throughout the Baltic region,” said Anders Ek, Executive Vice President and Head of Strategic and International Banking.

Päivi Suksi takes up her new post on September 1, 2005. See attached photo of Päivi Suksi below.

For further information:

Anders Ek, Executive Vice President, FöreningsSparbanken, phone: +46-8-585 926 66

Päivi Suksi, Head of FöreningsSparbanken Finland, phone +358 5033 90958

Henrik Kolga, Head of Group Communications, FöreningsSparbanken, phone: +46-8-585 927 79

FöreningsSparbanken (Swedbank) is a leading Nordic-Baltic banking group with 8.4 million retail customers and 396,000 corporate customers in Sweden, Estonia, Lithuania and Latvia. Together with the co-operating savings banks the group has more than 750 branches in Sweden. In the Baltic countries the group has another 250 branches. Outside of the Nordic-Baltic home markets, the group is present in Copenhagen, Helsinki, Kaliningrad, London, Luxembourg, Moscow, New York, Oslo, Shanghai, St.Petersburg and Tokyo. As of December 2004, the group had total assets of SEK 1,020 billion and approximately 15,000 employees. For more information about FöreningsSparbanken, please visit http://www.swedbank.com.

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