Swedbank A

Capital/Financing Update • Mar 15, 2013

SWEDBANK AB (publ)

Issue of EUR 300,000,000 Floating Rate Notes due March 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 15 May 2012 (the "Prospectus") and the supplementary prospectuses dated 18 July 2012, 23 October 2012 and 30 January 2013, 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), Regeringsgatan 13, SE-105 34 Stockholm, Sweden and www.swedbank.se and copies may be obtained from Swedbank AB (publ), Regeringsgatan 13, SE-105 34 Stockholm, Sweden.

1.	Issuer:		Swedbank AB (publ)
2.	(i)	Series Number:	GMTN 213
	(ii)	Tranche Number:	1
3.	Specified Currency or Currencies:		Euro ("EUR")
4.		Aggregate Nominal Amount:
	$\left( i\right)$	Series:	EUR 300,000,000
	(ii)	Tranche:	EUR 300,000,000
5.	Issue Price:		100.00 per cent of the Aggregate Nominal Amount
6.	(i)	Specified Denomination(s):	EUR 100,000
	(ii)	Calculation Amount:	EUR 100,000
7.	(i)	Issue Date:	18 March 2013
	(ii)	Interest Commencement Date:	Issue Date
8.		Maturity Date:	Interest Payment Date falling in or nearest to March 2016
9.	Interest Basis:		3 month EURIBOR + 0.45 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
13.	Status of the Notes:	Unsubordinated $-$ Condition 3(a)
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:	18 March, 18 June, 18 September and 18 December in each year from, and including, 18 June 2013 up to, and including, 18 March 2016 in each case subject to adjustment in accordance with the Business Day Convention specified below
	(ii)	Business Day Convention:	Modified Following Business Day, adjusted
	(iii)	Business Centre(s):	TARGET2 and 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
	(vi)	Screen Rate Determination:	Applicable
		Reference Rate:	3 Month EURIBOR
		Determination Interest - $Date(s)$ :	Second day on which the TARGET2 System is open prior to the start of each Interest Period
		Relevant Screen Page:	Reuters EURIBOR01
	(vii)	ISDA Determination:	Not Applicable
	(viii)	Margin(s):	$+0.45$ per cent per annum
	(ix)	Minimum Rate of Interest:	Not Applicable
	Maximum Rate of Interest: (x) Day Count Fraction: (xi)		Not Applicable
			Actual/360

	(xii) Fall back provisions, rounding Not Applicable 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:
17.	Zero Coupon Note Provisions:	Not Applicable
18.	Index-Linked Interest Note/other variable- linked interest Note Provisions:	Not Applicable
19.	Dual Currency Interest Note Provisions:	Not Applicable
	PROVISIONS RELATING TO REDEMPTION
20.	Issuer Call:	Not Applicable
21.	Investor Put:	Not Applicable
22.	Final Redemption Amount:	EUR 100,000 per Calculation Amount
23.	Early Redemption Amount:
	Early Redemption Amount(s) payable on As per Condition $5(e)$ redemption for taxation reasons or on Event of Default or other early redemption and/or

GENERAL PROVISIONS APPLICABLE TO THE NOTES

the method of calculating the same (if
required or if different from that set out in

1. Form of Notes:

Condition $5(e)$ :

	$\left($ 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
	(ii)	New Global Note:	Yes
25.	Financial	Centre(s) or other provisions relating to Payment Days:	special TARGET2 and Stockholm
26.	Talons for future Coupons or Receipts to be No attached to Definitive Notes (and dates on which such Talons mature):
27.		Details relating to Partly Paid Notes:	Not Applicable
28.		Details relating to Instalment Notes:

	(i)	Instalment Amount(s):			Not Applicable
	(ii)	Instalment Date(s):			Not Applicable
29.		Redenomination, renominalisation and reconventioning provisions:			Not Applicable
30.	Consolidation provisions:			Not Applicable
31.	Additional Federal U.S. Income Tax Considerations:				Not Applicable
32.	Other final terms:				Not Applicable
DISTRIBUTION
33.	(i) If syndicated, names of Managers:				Not Applicable
	(ii)	Date of Subscription Agreement:			Not Applicable
	(iii)	Stabilising Manager(s) (if any):				Not Applicable
34.	If non-syndicated, name of Dealer:				Merrill Lynch International
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: $By: \mathscr{A}$ $\overline{\phantom{a}}$ Kimmy Samuelsson Duly authorised

Jonas Westerberg

PART B-OTHER INFORMATION

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

(i)	Listing:	London Stock Exchange
(ii)	Admission to trading:	Application has been made for the Notes to be admitted to trading on the London Stock Exchange's Regulated Market with effect from the Issue Date.
(iii)	Estimate of total expenses related to admission to trading:	GBP 3,600
RATINGS
Ratings:		The Notes to be issued are expected to be rated
		A+ by Standard & Poor's Credit Market Services Europe Limited ("S&P")
		A2 by Moody's Investors Service Ltd. ("Moody's")

A+ by Fitch Ratings Ltd ("Fitch")

Each of S&P, Moody's and Fitch is established in the European Union and is registered under Regulation (EC) No. 1060/2009 (as amended)

$3.$ 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

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

Not Applicable

$5.$ YIELD

$\overline{2}$ .

Not Applicable

6. PERFORMANCE OF INDEX/FORMULA/ OTHER VARIABLE AND OTHER INFORMATION CONCERNING THE UNDERLYING

Not Applicable

$\mathcal{I}$ . PERFORMANCE OF RATE[S] OF EXCHANGE

Not Applicable

8. OPERATIONAL INFORMATION

$(i)$ ISIN Code: XS0906412126

(ii)	Common Code:	090641212
(iii)	Cusip:	Not Applicable
(iv)	CINS:	Not Applicable
(v)	Swiss Security Number:	Not Applicable
(vi)	Any clearing system(s) other than Euroclear Bank SA/NV, Clearstream Banking société anonyme and SIX SIS Ltd (together with the address of each such clearing system) and the	Not Applicable

Settlement procedures: Customary medium term note settlement and payment procedures apply Delivery:

$(ix)$ Names and addresses of additional Paying Agent(s) (including, in the case of Swiss Domestic Notes, the Principal Swiss Paying Agent and any other Swiss Paying Agents) (if any):

relevant identification number(s):

$(x)$ Intended to be held in a manner which would allow Eurosystem eligibility:

Delivery against payment

Not Applicable

Yes

Note that the designation "yes" simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as common safekeeper and does not necessarily mean that the Notes will be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem either upon issue or at any or all times during their life. Such recognition will depend upon satisfaction of the Eurosystem eligibility criteria.

9. ADDITIONAL INFORMATION

Not Applicable

$(vii)$

$(viii)$