Swedbank: Carl Eric Stålberg Elected President of the European Savings Banks Group

Regulatory News:

Swedbank’s (Pink Sheets:SWDBF) (STO:SWEDA) (LSE:SWK) Chairman Carl Eric Stålberg has been elected as President of the European Savings Banks Group (ESBG) for the period 2009-2012. ESBG is a European banking association whose members represent approximately one third of the retail banking market in Europe.

ESBG represents the interest of 29 bank institutions from 26 countries in Europe, with a specific focus on retail-issues. The 29 members have in total over EUR 6,000 billion in assets (as of January 2008), operate around 84,000 branches with 925,000 employees.

In connection to electing Carl Eric Stålberg as president, ESBG also elected a new Board of Directors for the three year mandate. The new Board of Directors is composed of representatives from banks in 15 different countries.

"I’m very honoured to have been elected to this assignment. ESBG, among other things, conducts an important lobbying work within the European Union. In these times, with so many important questions on the agenda, we have a challenging and interesting task ahead of us," says Carl Eric Stålberg.

For more information about ESBG, go to www.esbg.eu

Swedbank’s vision is to be the leading financial institution in the markets where we are present. Swedbank has 9.4 million retail customers and 600,000 corporate customers with 419 branches in Sweden, 278 branches in the Baltic countries and another 215 branches in Ukraine. The group is also present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2008 the group had total assets of SEK 1,812 billion and approximately 21,000 employees. For more information about Swedbank, please visit www.swedbank.com.

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