Swedbank guarantees Swedbank Mortgage

Swedbank AB (publ) has issued a general, unconditional and irrevocable guarantee for Swedbank Mortgage for the purpose of maintaining the present credit rating of Swedbank Mortgage by the rating agency Moody’s. The guarantee covers all non-subordinated debt instruments issued by Swedbank Hypotek and also such debt instruments being issued by the company in the future, until further notice. According to a press release from the rating agency Moody’s in August 2009 saying that Moody’s have introduced a new method for the credit rating of issuers whose main function is to issue covered bonds on behalf of a parent bank, as categorised by Moody’s. Among other things, the method means increased demands from Moody’s as regards financial support from the parent bank in order to give the same rating to the issuer as to the parent bank. In connection with the press release, Moody’s placed Swedbank Mortgage AB (publ) on watch list for possible downgrade. The guarantee has been posted on www.swedbank.se/mortgage Further information, please contact: Thomas Backteman, Executive Vice President, Swedbank, phone: +46 708 311 166 Johannes Rudbeck, Head of Investor Relations, Swedbank, phone: +46 705 825 656 Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95