Swedbank’s Annual General Meeting 2009

The Board of Directors
Today’s Annual General Meeting of Swedbank elected four new board members; Anders Igel, Pia Rudengren, Anders Sundström and Karl-Henrik Sundström.

Anders Igel served as Telia Sonera’s CEO during five years time and lead amongst other projects the operator’s expansion in the Baltics, Russia and the Ukraine. Prior to this he was the CEO of Esselte, ne of the world’s leading manufacturers of organizational solutions. Anders Igel has twenty years of experience of various leading roles at Ericsson, most recently as Executive Vice President. Anders Igel has degrees both from the Royal Institute of Technology and Stockholm School of Economics, as well as a Post Graduate MBA - International Senior Management Program from Harvard Business School.

Pia Rudengren has previously held the position as CFO of Investor and Executive Vice President of W Capital Management AB. Pia Rudengren has a long and broad experience from various Board assignments in numerous industries and companies. Currently, Pia Rudengren is a Board member of Tikkurila Oy, Biophausia AB, Varyag Resources AB, and Duni AB, she has also been a member of Q-Med´s Board for six years, three of which she served as Chair. Pia Rudengren is also nominated as a Board of Director at Metso OY. Pia Rudengren holds a degree from Stockholm School of Economics.

Anders Sundström is the CEO of Folksam since 2004. He has a broad background in both business as well as the public sector. He has been the CEO of Sparbanken Nord and a Member of Parliament and minister for the labour market as well as health and social affairs. Anders Sundström is currently the Chair of Luleå Tekniska Universitet, and a board member of ALKA, Boliden and until the Annual General Meeting April 29, 2009 a board member of Vattenfall. He studied social sciences at Umeå University.

Karl-Henrik Sundström is the CFO and Executive Vice President of the Dutch firm NXP, a world leading producer of semi-conductors since 2008. He has previously held the position as CFO of Ericsson after a role as the Head of Ericssons´ Global Services Operations and Country Head in Australia and Nya Zeeland. Karl-Henrik Sundström was awarded as Europe´s best CFO 2003, 2004 and 2005 by Institutional Investor Magazine. Karl-Henrik Sundström holds a degree in business administration from Uppsala University and enrolled in the Advanced Management Program at Harvard Business School.

The Annual General Meeting further resolved to re-elect Carl Eric Stålberg, Chair as well as Berith Hägglund-Marcus, Ulrika Francke and Helle Kruse Nielsen.

The Board´s statutory meeting immediately following the AGM appointed Anders Sundström as Deputy Chair. It was also decided that the risk and capital committee, previously credit committee is included Carl Eric Stålberg, Anders Sundström, Ulrika Francke and Karl-Henrik Sundström.

In the audit committee which also covers compliance is included Ulrika Francke, Berith Hägglund-Marcus, Anders Igel and Pia Rudengren and in the renumeration committee Carl Eric Stålberg, Anders Sundström, Berith Hägglund-Marcus and Helle Kruse Nielsen.

Dividends
It was decided at the Annual General Meeting that no dividend was to be distributed to shareholders for the financial year 2008.

Other decisions
The Annual General Meeting also resolved, in accordance with the Board´s proposal, to allow the bank, until the next Annual General Meeting 2010, to acquire at any given time in its securities operations, to facilitate these operations, up to 1 percent of the bank´s shares. The price of acquired shares should represent the current market price at the time when purchased

The Annual General Meeting decided on the guidelines for the Nomination Committee ahead of next year’s Annual General Meeting. The bank will announce the names of the members of the committee not later than six months before the next Annual General Meeting. The Annual General Meeting also decided on remuneration policy for Swedbank top executives.

A transcription and web cast of Carl Eric Stålberg´s and Michael Wolf´s presentations at today´s Annual General Meeting will be available on Swedbank´s website: www.swedbank.se/ir


For further information:
Carl Eric Stålberg, Chair of the Board of Directors, telephone +46 8 585 912 96
Michael Wolf, CEO, telephone +46 8 585 900 00
Cecilia Hernqvist, Secretary of the Board, telephone +46 8 585 913 23
Thomas Backteman, Executive Vice President Group Affairs, telephone +46 70 831 11 66