Swedbank A

AGM Information • Apr 22, 2020

AGM 28 May 2020

AGM 28 May 2020

The Board of Directors of Swedbank AB has today decided that the Annual General

Meeting shall be held on the 28 May 2020. The Board of Directors notes that the

bank's financial position is strong but proposes that a decision regarding

dividend shall not be made at the Annual General Meeting, but instead when the

consequences of the Covid-19 pandemic are clearer. Swedbank's dividend policy is

unchanged.

Swedbank, and many other companies, are facing great challenges due to the

current situation. On the 20 March 2020, Swedbank announced that the bank's

Board of Directors had decided to postpone the Annual General Meeting due to the

spreading of Covid-19. The Board of Directors further informed that the Annual

General Meeting would be held no later than 30 June 2020, which is required by

law.

We don't know today what the conditions will be for organizing an Annual General

Meeting in the coming months. Since four out of nine current Board members have

declined re-election, and the Nomination Committee has proposed election of five

new Board members, it is important that the proposed Board of Directors can be

elected and commence its work as soon as possible. For this reason, the Board of

Directors has decided to summon an Annual General Meeting on the 28 May 2020.

Further, the Board of Directors has decided to propose that decision on dividend

shall not be made at the Annual General Meeting. The bank's financial position

is strong, both from a capital and a liquidity perspective, and the bank will

continue to support its customers with financing and advice during these

difficult times. When the consequences of the Covid-19 pandemic are clearer, the

Board of Director's intends to, if the conditions are appropriate, to summon an

Extra General Meeting, and on this meeting decide on the dividend.

Swedbank safeguards the health of shareholders and strives to contribute in the

work of limiting the spreading of Covid-19 in the best possible way. In order to

limit the risk of spreading Covid-19 in connection with the Annual General

Meeting, the bank intends to take several measures, including using postal votes

procedure. Should the situation deteriorate, and the Board of Directors assesses

that the Annual General Meeting cannot be conducted in a sufficiently safe

manner, the Annual General Meeting may be cancelled at very short notice.

A notice for the Annual General Meeting will be published shortly.

This announcement involves the disclosure of inside information

Swedbank AB (publ) is required to disclose this information pursuant to

Regulation (EU) No 596/2014 on market abuse, the Swedish Securities Markets Act

(2007:528), the Swedish Financial Instruments Trading Act (1991:980) and the

regulatory framework of Nasdaq Stockholm. This information was sent to be

published on April 22, 2020 at 20:40 CET.

For more information:

Gregori Karamouzis, Head of Investor Relations, Swedbank, tel: + 46 72 740 63 38

Unni Jerndal, Head of Press, Swedbank, tel: +46 73 092 11 80

Swedbank encourages a sound and sustainable financial situation for the many

households and businesses. As a leading bank in our home markets of Sweden,

Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial

services and products. Swedbank has over 7 million retail customers and around

600 000 corporate customers and organisations with 168 branches in Sweden and 99

branches in the Baltic countries. The group is also present in other Nordic

countries, the US and China. As of 31 December, 2019 the group had operating

profit of SEK 24 420 million. Read more at www.swedbank.com