Swedbank A

Notice of Dividend Amount • Jan 22, 2025

Swedbank changes dividend policy

Swedbank changes dividend policy

Swedbank's Board of Directors has decided to change the dividend policy to

shareholders from 50 percent to 60-70 percent of the annual profit.

"Swedbank has since 2019 (https://www.swedbank.com/newsroom/press

-releases.details.swedbank-has-set-new-financial-targets.9102555926E53931.html)

had a lower dividend policy to strengthen the bank's capital position. Now it is

time for our owners such as Savings banks, retail investors, pension funds and

foundations to once again get an increased part of the earnings. Today, we have

therefore decided to change the dividend policy," says Göran Persson, Chairman

of the Board, Swedbank.

"While we have no new information on the U.S. investigations, we cannot

continuously build capital. The board's decision to change the dividend policy

enables us to both develop the bank for our customers and also grow lending as

the business environment changes, while we ensure a continued strong capital

position," says Jens Henriksson, CEO and President, Swedbank.

Tomorrow, 23 January, Swedbank publishes its year-end 2024 report and the

proposed dividend for 2024.

Contact:

Annie Ho, (annie.ho@swedbank.se) Head of Investor Relations, tel. +46 70 343 78

15

Charlotte Nilsson,  (Charlotte.Nilsson@swedbank.se)Press Communicator, tel. +46

76 345 66 12

This information constitutes inside information that Swedbank AB (publ) is

obliged to make public pursuant to the EU Market Abuse Regulation (EU no

596/2014). The information was submitted for publication, through the agency of

the contact person set out above, 22 January 2025, at 18:32 CET.

Swedbank empowers the many people and businesses to create a better future. Our

vision is a financially sound and sustainable society. Swedbank Group is the

leading bank with over 7 million retail customers and 550 000 corporate

customers in our four home markets Sweden, Estonia, Latvia and Lithuania.

Swedbank Group is also present in other Nordic countries, the U.S. and China.

Together we make your financial life easier. Find out more: www.swedbank.com