Swedbank A

Capital/Financing Update • Aug 12, 2013

SWEDBANK AB (publ)

EUR 20,000,000 Floating Rate Note due March 2016 (the "Notes") to be assimilated and form a single series with the existing EUR 300,000,000 Floating Rate Notes due March 2016 (the "Existing Notes")

Issue Price: 100.507 per cent. of the Aggregate Nominal Amount of the Tranche plus accrued interest at a rate of 0.093 per cent. of such Aggregate Nominal Amount for the period from, and including, 18 March 2013 to, but excluding, 8 August 2013

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 Base Prospectus dated 15 May 2013 (the "Base Prospectus") as supplemented by the supplement dated 16 July 2013 which together constitute a base prospectus for the purposes of Directive 2003/71/EC as amended (which includes the amendments made by Directive 2010/73/EU to the extent that such amendments have been implemented in a relevant Member State) (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 Base Prospectus as so supplemented. Full information on Swedbank AB (publ) (the "Issuer") and the offer of the Notes is only available on the basis of the combination of these Final terms and the Base Prospectus as so supplemented. The Base Prospectus and the Supplement have been published on the of website $\sigma$ f the Central Bank Ireland at http://www.centralbank.ie/regulation/securitiesmarkets/prospectus/Pages/approvedprospectus.aspx and copies may be obtained during normal business hours, free of charge, from the registered office of the Issuer at Brunkebergstorg 8, SE-105 34 Stockholm; Sweden and from the specified office of the Principal Paying Agent at Citibank, N.A., London Branch, Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, United Kingdom.

1.	Issuer:	Swedbank AB (publ)
2.	Series Number: (i)		GMTN 213
	(ii)	Tranche Number:	2
(iii) Date on which the Notes will be consolidated and form a single Series:			The Notes will be consolidated and form a single Series with the Existing Notes on exchange of the Temporary Global Note for interests in Permanent Global Note, as referred to in paragraph 22 below, which is expected to occur on or about 40 days after the Issue Date (the "Assimilation Date")
3.		Specified Currency or Currencies:	Euro (" $EUR$ ")
4.	Aggregate Nominal Amount:
	(i)	Series:	€ 320,000,000
	(ii)	Tranche:	€ 20,000,000
5.	Issue Price:		100.507 per cent of the Aggregate Nominal Amount plus interest at a rate of 0.093 per cent. of such

				Aggregate Nominal Amount for the period from, and including, 18 March 2013 to, but excluding, 8 August 2013
	6.	(i)	Specified Denomination(s):	€100,000
		(ii)	Calculation Amount:	€ 100,000
	7.	$\left( i\right)$	Issue Date:	8 August 2013
		(ii)	Interest Commencement Date:	18 March 2013
	8.		Maturity Date:	18 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	οſ Interest Basis 0 T Redemption/Payment Basis:	Not Applicable
	12.		Put/Call Options:	Not Applicable
	13.	(i)	Status of the Notes:	Unsubordinated $-$ Condition 3(a)
		(i)	Date Board approval for issuance of Notes obtained:	Not applicable
			PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
	14.		Fixed Rate Note Provisions:	Not Applicable
	15.		Reset Note Provisions:	Not Applicable
	16.	(Condition $4(c)$ )	Floating Rate Note Provisions:	Applicable
		(i)	Specified Period(s) Specified $\frac{1}{2}$ 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
na viling tervisible areas explicit and and an areas and all		(iv)	Manner in which the Rate $(s)$ of	Screen Rate Determination Interest is/are to be determined: All and the construction of the construction of the construction of the construction

	(v)	Party responsible for calculating the Rate(s) of Interest and Interest Amount(s) (if not the Principal Paying Agent):	Not Applicable
	(v i )	Screen Rate Determination:	Applicable
		Reference Rate, Relevant Time ٠ and Relevant Financial Centre: Interest Determination Date(s): w.	3 Month EURIBOR 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
	(x)	Maximum Rate of Interest:	Not Applicable
	$(x_i)$	Day Count Fraction:	Actual/360, ICMA
17.	Zero Coupon Note Provisions:		Not Applicable

PROVISIONS RELATING TO REDEMPTION

18.	Issuer Call:	Not Applicable
19.	Investor Put:	Not Applicable
20.	Final Redemption Amount:	EUR 100,000 per Calculation Amount
21.	Early Redemption Amount:	As per Conditions $5(e)$
	Early Redemption Amount(s) payable on

redemption for taxation reasons or on Event of Default

GENERAL PROVISIONS APPLICABLE TO THE NOTES

$22.$ Form of Notes:

Form:	Bearer Notes
	Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive
	Commission and mission and mission and mission and mission and mission Bearer Notes only upon an Exchange Event distribution of the Control of the Control of the Control of the Control of the Control of the Control of the

	(ii)	New Global Note:	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.
23.		Financial Centre(s):	TARGET2 and Stockholm
24.		Talons for future Coupons to be attached to Definitive Notes:	No
25.		Renminbi Currency Events:	Not Applicable
		Calculation Agent:	Citibank, N.A., London Branch

Signed on behalf of the Issuer: Channel $B_y: \frac{\partial}{\partial u}$ $\beta$

Kimberly Bauner

Marle Carlsson

PART B-OTHER INFORMATION

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

$2.$

(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 GBP 300 admission to trading:
RATINGS
Ratings		The Notes to be issued are expected to be rated
		A+ by Standard & Poor's Credit Market Services Europe Limited ("S&P")
		A1 by Moody's Investor's 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).

$\overline{3}$ . 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.

$\overline{4}$ . OPERATIONAL INFORMATION

$\left( i\right)$	ISIN Code:	XS0960037140 until the Assimilation Date and thereafter $X$ S0906412126
(ii)	Common Code:	096003714 until the Assimilation Date and thereafter 090641212
(iii)	Cusip:	Not Applicable
(iv)	CINS:	Not Applicable
(v)	Any clearing system(s) other than Euroclear Bank SA/NV and Clearstream Banking société anonyme (together with the address of such clearing system) and the relevant identification number(s):	Not Applicable
(vi)	Delivery:	ant plants popularis international popularity destructions in a comparative proposition of a construction Delivery against payment

Delivery against payment

• $(vii)$ Names and addresses of additional Not Applicable Transfer Agent(s) and/or Paying Agent(s) (if any):
• Intended to be held in a manner $(viii)$ No which would allow Eurosystem eligibility:

$5.$ DISTRIBUTION

(i)	Method of distribution:	Not Applicable
(ii)	If syndicated, names of Managers:	Not Applicable
(iii)	Date of Subscription Agreement:	Not Applicable
(iv)	Stabilising Manager(s) (if any):	Not Applicable
(v)	If non-syndicated, name of Dealer:	Not Applicable
(v i )	Whether TEFRA D rules are applicable TEFRA D or TEFRA rules are not applicable

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$6.$ THIRD PARTY INFORMATION

Not Applicable