Swedbank A

Board/Management Information • Mar 28, 2019

Birgitte Bonnesen leaves Swedbank. Anders Karlsson appointed acting President and CEO.

Birgitte Bonnesen leaves Swedbank. Anders Karlsson appointed acting President and CEO.

This morning, Swedbank's Board of Directors dismissed Birgitte Bonnesen as

President and CEO of Swedbank. At the same meeting, the Board of Directors

appointed current CFO Anders Karlsson as Acting President and CEO of Swedbank.

"The developments during the past days have created an enormous pressure for the

bank. Therefore, the Board has decided to dismiss Birgitte Bonnesen from her

position. With that said, Birgitte Bonnesen has during her three years as CEO

made an important contribution by creating a leading digital bank with physical

presence", says Lars Idermark, Chair, Swedbank.

Anders Karlsson will until further notice continue in his role as CFO.

The Board of Directors has today initiated a process to recruit a new permanent

CEO to the bank.

The Chair Lars Idermark and the Acting CEO Anders Karlsson will meet media after

the end of the Annual General Meeting this afternoon. Exact time will depend on

the length of the Annual General Meeting. The location is Folkets hus,

Barnhusgatan 12-14 in Stockholm.

For further information:

Swedbank's press phone, tel: +46 8 585 938 69

Gabriel Francke Rodau, Head of Group Communication, Swedbank, phone: +46 701 44

89 66

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

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 28 March, 2019 at 10:00 CET.

Swedbank encourages a sound and sustainable financial situation for the many

households and businesses. As a leading bank in the 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 186 branches in Sweden and

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

countries, the US and China. As of 31 December, 2018 the group had total assets

of SEK 2 246 billion.  Read more at www.swedbank.com