SWEDBANK AB (publ)

Issue of

SEK 100,000,000 Floating Rate Notes due 8 February 2016 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 19 May 2011 (the "Prospectus") and the supplementary prospectus dated 21 July 2011 and 25 October 2011 which together constitute 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 as so supplemented. 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 as so supplemented. The Prospectus and the supplementary prospectus are available for viewing at Swedbank AB (publ), Brunkebergstorg 8, SE-105 34 Stockholm, Sweden and www.swedbank.se and copies may be obtained from Swedbank AB (publ), Brunkebergstorg 8, SE-105 34 Stockholm, Sweden.

1.	Issuer:	Swedbank AB (publ)
2.	Series Number: (i)	183
	Tranche Number: (ii)	1
3.	Specified Currency or Currencies:	Swedish Kronor ("SEK")
Aggregate Nominal Amount: 4.		SEK 100,000,000
	Series: (i)	SEK 100,000,000
5.	Issue Price:	99.963 per cent of the Aggregate Nominal Amount
6.	Specified Denomination(s): (i)	SEK 1,000,000
	Calculation Amount: (ii)	SEK 1,000,000
7.	Issue Date: (i)	8 February 2012
	(ii) Interest Commencement Date:	8 February 2012
8.	Maturity Date:	Interest Payment Date falling in or nearest to February 2016
9.	Interest Basis:	3 months $STIBOR + 1.90$ per cent (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
13.	(i)	Status of the Notes:	Unsubordinated $-$ Condition 3(a) will apply.
	(a)	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:	Not Applicable
16.	Floating Rate Note Provisions:		Applicable
	(i)	Specified Period(s)/Specified Interest Payment Dates:	The period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Specified Interest Payment Date, 8 May 2012, and each subsequent period beginning on (and including) a Specified Interest Payment Date and ending on (but excluding) the next following Specified Interest Payment Date.
			Interest will be payable quarterly in arrears on 8 February, 8 May, 8 August and 8 November each year from and including 8 May 2012 up to and including the Maturity Date (each a "Specified Interest Payment Date"), subject to adjustment in accordance with the Modified Following Business Day Convention.
	(ii)	Business Day Convention:	Modified Following Business Day Convention
	(iii)	Business Centre(s):	Stockholm
	(iv)	Manner in which the Rate(s) $\circ$ f 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):	The Principal Paying Agent
	$(v_i)$	Screen Rate Determination:	Applicable
		Reference Rate: Interest Determination Date(s):	3 months STIBOR Two (2) Stockholm Business day prior to the start of each Interest Period
		Relevant Screen Page:	Reuters Screen SIDE Page

Not Applicable ISDA Determination: (vii)
	Floating Rate Option:		Not Applicable
		Designated Maturity:	Not Applicable
		Reset Date:	Not Applicable
		(viii) Margin(s):	$+1.90$ per cent per annum
	(ix)	Minimum Rate of Interest:	Not Applicable
	(x)	Maximum Rate of Interest:	Not Applicable
	$(x_i)$	Day Count Fraction:	Actual/360
	(xii)	Fall back provisions, rounding provisions, denominator and any other terms relating to the method of calculating interest on Floating Rate Notes, if different from those set out in the Conditions:	Not Applicable
17.		Zero Coupon Note Provisions:	Not Applicable
18.	Index-Linked Interest Note/other Not Applicable variable-linked interest Note Provisions:
19.	Not Applicable Dual Currency Interest Note Provisions:
	PROVISIONS RELATING TO REDEMPTION
20.	Not Applicable Issuer Call:
21.	Not Applicable Investor Put:
22.	SEK 1,000,000 per Calculation Amount Final Redemption Amount:
23.	Early Redemption Amount:
	Early Redemption Amount(s) payable on redemption for taxation reasons or on Event of Default or other early redemption and/or the method of calculating the same (if required or if different from that set out in As per Condition $5(e)$ Condition 5(e)): GENERAL PROVISIONS APPLICABLE TO THE NOTES

Form of Notes:

(i)	Form:	Bearer Notes:
				Temporary Global Note exchangeable for a

Permanent Global Note which is exchangeable for Definitive Bearer Notes only upon an Exchange Event No $(i)$ New Global Note: Stockholm other special 25. Financial $Centre(s)$ $or$ provisions relating to Payment Days: Talons for future Coupons or Receipts to be 26. attached to Definitive Notes (and dates on which such Talons mature): No Details relating to Partly Paid Notes: amount 27. of each payment comprising the Issue Price and date on which each payment is to be made and consequences (if any) of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late Not Applicable payment: Details relating to Instalment Notes: 28. Instalment Amount(s): Not Applicable $(i)$ $(ii)$ Instalment Date(s): Not Applicable Not Applicable 29. Redenomination. renominalisation and reconventioning provisions: Not Applicable 30. Consolidation provisions: Additional U.S. Federal Income Tax $31.$ Not Applicable Considerations: Other final terms: Not Applicable 32. DISTRIBUTION Not Applicable If syndicated, names of Managers: 33. $(i)$ Date of Subscription Agreement: Not Applicable $(ii)$ Not Applicable $(iii)$ Stabilising Manager(s) (if any): If non-syndicated, name of Dealer: Skandinaviska Enskilda Banken Ab (publ) 34. Whether TEFRA D rules are applicable or 35. TEFRA D rules are applicable TEFRA rules are not applicable: Not Applicable 36. Additional selling restrictions:

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 Yssuer

By: .................................... Duly authorised Krogari Stefan Abrahamsson

PART B - OTHER INFORMATION

LISTING AND ADMISSION TO TRADING $\mathbf{1}$ .

London Listing: $(i)$ Application has been made for the Notes to be Admission to trading: $(ii)$ admitted to trading on London Stock Exchange with effect from Issue Date.

RATINGS $2.$

Ratings:

The Notes to be issued have been assigned the following ratings:

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

Each such credit rating agency is established in the European Union and is registered under Regulation (EC) No. 1060/2009.

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

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

REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL $\mathbf{4}$ . EXPENSES

See "Use of Proceeds" wording in Prospectus. Reasons for the offer: $(i)$
Not Applicable $(ii)$ Estimated net proceeds:
Not Applicable Estimated total expenses: $(iii)$

$5.$ Fixed Rate Notes only - YIELD

Not Applicable Indication of yield:

Floating Rate Notes only - HISTORIC INTEREST RATES 6.

Details of historic STIBOR rates can be obtained from Reuters.

PERFORMANCE OF Index-Linked or other variable-linked Notes only $7.$ $\sim$ VARIABLE AND OTHER INFORMATION INDEX/FORMULA/OTHER CONCERNING THE UNDERLYING

Not Applicable

Dual Currency Notes only - PERFORMANCE OF RATE[S] OF EXCHANGE $\overline{8}$ .