SWEDBANK AB (publ)

Issue of

SEK 1,000,000,000 Floating Rate Notes due 10 September 2012

under the

U.S.\$40,000,000,000 Global Medium Term Note Programme

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Prospectus dated 20 May 2010 (the "Prospectus") which constitutes a base prospectus for the purposes of Directive 2003/71/EC (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Prospectus. The Prospectus is available for viewing at Swedbank AB (publ), Brunkebergstorg 8, SE-105 34 Stockholm or on the website of the London Stock Exchange at http://www.rns-pdf.londonstockexchange.com/engb/pricenews/marketnews and copies may be obtained from the specified office of the Principal Paying Agent in London.

1.	Issuer:		Swedbank AB (publ)
2.	(i)	Series Number:	143
	(ii)	Tranche Number:	1
3.		Specified Currency or Currencies:	Swedish Krona "SEK"
4.		Aggregate Nominal Amount:
	Series: (i)		SEK 1,000,000,000
	(ii)	Tranche:	SEK 1,000,000,000
5.	Issue Price:		99.982 per cent. of the Aggregate Nominal Amount
6.	(i)	Specified Denominations:	SEK 1,000,000
	(ii)	Calculation Amount:	SEK 1,000,000
7.	(i)	Issue Date:	10 September 2010
	(ii)	Interest Commencement Date:	10 September 2010
8.	Maturity Date:		Interest Payment Date falling in or nearest to September 2012
9.	Interest Basis:		3 months STIBOR $+0.70$ per cent.
			Floating Rate
			(further particulars specified below)
10.	Redemption/Payment Basis:		Redemption at par
11	Change of Interest Basis or Redemption/Payment Basis:		Not Applicable
12.	Put/Call Options:		Not Applicable

Swedbank AB (publ) 105 34 Stockholm

Besöksadress

Tel 08 - 585 900 00 Brunkebergstorg 8 Fax 08 - 796 80 92

Styrelsens säte Stockholm Bankgiro 980-0012 Org nr 502017-7753

www.swedbank.se

13.	(i)	Status of the Notes:	Unsubordinated $-$ Condition 3(a) will apply
	(ii)	Date Board approval for issuance of Notes obtained:	Not Applicable
14.		Method of distribution:	Non-syndicated
		PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
	15. Fixed Rate Note Provisions: (Condition $4(a)$ )		Not Applicable
16.	Floating Rate Note Provisions:		Applicable
	(i)	Specified Period(s)/Specified Interest Payment Dates:	The period from and including the Issue Date to but excluding the first Specified Interest Payment Date and, thereafter, each period from and including a Specified Interest Payment Date to but excluding the next Specified Interest Payment Date
			Interest will be payable quarterly in arrears on 10 December, 10 March, 10 June and 10 September in each year, from and including 10 December 2010, to and including Maturity Date (each a "Specified Interest Payment Date") subject, in each case, to adjustment in accordance with the Business Day Convention specified below
	(ii)	Business Day Convention:	Modified Following Business Day Convention.
		(iii) Business Centre(s):	Stockholm
		(iv) Manner in which the Rate(s) of Interest is/are to be determined:	Screen Rate Determination
	(v)	Party responsible for calculating the Rate(s) of Interest and Interest Amount(s) (if not the Principal Paying Agent):	Not Applicable
	Screen Rate Determination: Applicable (vi)
		Reference Rate:	3 months STIBOR
			STIBOR means the rate for deposits in SEK for a period which appears on the Reuters Screen SIDE page under the caption "FIXING" as of 11 a.m. Stockholm time on the relevant Interest Determination Date as defined below
		Interest Determination Date(s):	Second Stockholm business day prior to the start of each Interest Period
		Relevant Screen Page:	Reuters Screen SIDE page under the caption "FIXINGS"
	(vii) ISDA Determination: Not Applicable (viii) Margin(s): $+0.70$ per cent. per annum

		(ix) Minimum Rate of Interest:	Not Applicable
	(x)	Maximum Rate of Interest:	Not Applicable
		(xi) Day Count Fraction:	Actual/360

	(ii) Instalment Date(s):			Not Applicable
29.	Redenomination, renominalisation and reconventioning provisions:		Not Applicable
30.	Consolidation provisions:				Not Applicable
31.		Additional U.S. Considerations:		Federal	Income	Tax	Not Applicable
32.	Other final terms:					Not Applicable
		DISTRIBUTION
	If syndicated, names of Managers: $33. \quad (i)$			Not Applicable
	(ii) Date of Subscription Agreement:			Not Applicable
	(iii) Stabilising Manager(s) (if any):			Not Applicable
34.	If non-syndicated, name of Dealer:			Swedbank AB (publ) SE-105 34 Stockholm
35.	Whether TEFRA D rules are applicable or TEFRA rules are not applicable:				TEFRAD
36.	Additional selling restrictions:			Not Applicable

PURPOSE OF FINAL TERMS

These Final Terms comprise the final terms required for issue and admission to trading on the EEA Regulated Market of the London Stock Exchange and listing on the Official List of the UK Listing Authority of the Notes described herein pursuant to the U.S.\$40,000,000,000 Global Medium Term Note Programme of Swedbank AB (publ).

RESPONSIBILITY

The Issuer accepts responsibility for the information contained in these Final Terms.

Signed on behalf of the Issuer:

By: ..

Duly authorised

Gunnel Svahn

Sara Larsson

PART B-OTHER INFORMATION

LISTING AND ADMISSION TO 1. TRADING

(i) Listing:

(ii) Admission to trading:

London

Application has been made for the Notes to be admitted to trading on the London Stock Exchange with effect from 10 September 2012

(iii) Estimate of total expenses related to admission to trading:
$\overline{2}$ . RATINGS

Ratings:

Not Applicable

The Notes have been assigned the following ratings:

$S & P: A$ Moody's: A2

3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/ OFFER

Save for any fees payable to the Dealers, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.

4. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

	(i) Reasons for the offer:	See "Use of Proceeds" wording in Prospectus
	(ii) Estimated net proceeds:	SEK 999,820,000
	(iii) Estimated total expenses:	Not Applicable
Fixed Rate Notes only - YIELD		Not Applicable

Index-Linked or other variable-linked Notes only PERFORMANCE OF INDEX/ 6. FORMULA/OTHER VARIABLE, EXPLANATION OF EFFECT ON VALUE OF INVESTMENT AND ASSOCIATED RISKS AND OTHER INFORMATION CONCERNING THE UNDERLYING
Dual Currency Notes only PERFORMANCE OF RATE[S] OF EXCHANGE AND 7. EXPLANATION OF EFFECT ON VALUE OF INVESTMENT

OPERATIONAL INFORMATION 8.

(i)	ISIN Code:	XS0541088695
(i)	Common Code:	054108869
(iii)	Cusip:	Not Applicable
(iv)	CINS:	Not Applicable
(v)	Swiss Security Number:	Not Applicable
(vi)	Any clearing system(s) other than	Not Applicable

Euroclear Bank SA/NV, Clearstream Banking société anonyme and SIX SIS AG (together with the address of each such clearing system) and the relevant identification number(s):
(vii) Settlement procedures:

(viii) Delivery:

Customary settlement and payment procedures apply Delivery against payment

(ix) Names and addresses of additional Paying Not Applicable
Agent(s) (including, in the case of Swiss
Domestic Notes, the Principal Swiss Paying Agent and any other Swiss Paying Agents) (if any):
(x) Intended to be held in a manner which
would allow Eurosystem eligibility:

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