Swedbank A

Board/Management Information • Jan 15, 2010

Nominations to Swedbank's Board of Directors 2010

Press Release January 15, 2010

Nominations to Swedbank's Board of Directors 2010

Swedbank's nomination committee proposes as new members of the Board;

Lars Idermark, Siv Svensson and Göran Hedman and suggests re-election of

the board members Ulrika Francke, Berith Hägglund-Marcus, Anders Igel,

Helle Kruse Nielsen, Pia Rudengren, Anders Sundström and Karl-Henrik

Sundström.

According to the proposal from the nomination committee the number of

board members, elected at the Annual General Meeting, will increase from

eight to ten.

The nomination committee further proposes Lars Idermark as new Chair of

the Board.

"Lars Idermark has a broad and extensive experience. It is a proposal

with strong support from Swedbank's shareholders," says Lennart

Anderberg, Vice Chair of the nomination committee.

The nomination committee proposes that Deloitte AB is elected as

accountant for a four-year period with Svante Forsberg as lead

accountant.

The nomination committee proposes that the lawyer Claes Beyer will Chair

the Annual General Meeting 2010.

The nomination committee suggests unchanged remuneration for the Board

during the next election period and is not proposing that Swedbank

employ Lars Idermark. Fees for accountant will continue to be paid on

account.

It is the nomination committee's assessment that the proposal is

supported by owners representing more than 40 percent of the capital and

votes in Swedbank.

The annual general meeting for Swedbank AB 2010 will take place at

Berwaldhallen in Stockholm, Friday, 26 March 2010.

The nomination committee has the following members:

Hans Sterte, representative for Skandia

Lars Idermark, representative for Folksam and Chair of the nomination

committee

Lennart Anderberg, representative for Sparbankerna, vice chair of the

nomination committee

Tommy Hjalmarsson, representative for Sparbanksstiftelserna

Carl Eric Stålberg, Chair of the Board of Directors Swedbank AB

Lars Idermark has not participated in the proposal on Chair for the

Board of Swedbank.

The entire proposal of the nomination committee will be presented in the

invitation to the AGM and will in connection therewith also be available

on Swedbank's website.

Further information, please contact:

Thomas Backteman, Head of Corporate Affairs, telephone +46 70 831 11 66

Emma Bergfeldt, Press Officer, telephone +46 70 209 49 99

Appendix 1

Lars Idermark, born 1957

Education: Agronomist education with financial focus, Swedish University

of Agricultural Sciences,

Studies in Business Administration and Economics, Uppsala University,

two years of law school, Uppsala University

President and CEO KF since 2005

CEO of the Second Swedish National Pension Fund 2001-2005

Deputy President and CEO Capio AB 2000-2001

Executive Vice President and Deputy CEO FöreningsSparbanken AB

(Swedbank) 1997-2000

CFO and Executive Vice President Föreningsbanken AB 1993-1997

President and CEO LRF Holding AB 1987-1993

Siv Svensson, born 1957

Education: International economy at Uppsala University

CEO Sefina Group since October 2008

Executive Vice President and regional head Nordea AB 2002-2008

Group controller and Nordic head of Global Operation Services Nordea AB

1999-2002

Group Controller in MeritaNordbanken AB (Nordea) 1997-1999

Leading management positions within Nordbanken AB (Nordea) 1989-1997

Adminstrative head PK Fondkommission AB 1987-1989

Göran Hedman, born 1954

Education: High school degree with focus on Business Administration, MIL

(Management in Lund), IFL (Institutet för företagsledning) at Stockholm

School of Economics and INSEAD Strategic Management in banking.

CEO Sparbanken Enköping since 2002

Head of analysis at Group credit FöreningsSparbanken AB (Swedbank)

1997-2002

Deputy CCO Föreningsbanken AB 1996-1997

Leading management positions in Föreningsbanken AB 1979-1996

Swedbank's vision is to be the leading financial institution in the

markets where we are present. Swedbank has 9.4 million retail customers

and 600,000 corporate customers with 419 branches in Sweden, 278

branches in the Baltic countries and another 215 branches in Ukraine.

The group is also present in Copenhagen, Helsinki, Kaliningrad,

Luxembourg, Moscow, New York, Oslo, Shanghai, St. Petersburg and Tokyo.

As of December 2008 the group had total assets of SEK 1,812 billion and

approximately 21,000 employees. For more information about Swedbank,

please visit www.swedbank.com.