Swedbank A

Swedbank issues Additional Tier 1 Capital

Swedbank issues Additional Tier I Capital (AT1) to optimize its capital

structure. The USD 500 million issuance has a coupon of 6.00 per cent and an

issue price of 100 percent.

The loan is perpetual with a call option after 5 years. The issuance is in the

form of debt instruments with mandatory conversion into ordinary shares if the

regulatory capital of the bank decreases to a certain level.

The issuance will be subscribed by and allotted to the joint lead managers.

Settlement date is 16 December 2016. The instruments will be listed on the

Global Exchange Market regulated by the Irish Stock Exchange.

For further information, please contact:

Gregori Karamouzis, Head of Investor Relations, phone: +46 72 740 63 38,

Swedbank promotes a sound and sustainable financial situation for the many

people, households and companies. Our vision is to contribute to development

"Beyond Financial Growth". As a leading bank in the home markets of Sweden,

Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial

services and products. Swedbank has over 7 million retail customers and around

640 000 corporate customers and organisations with 266 branches in Sweden and

143 branches in the Baltic countries. The group is also present in other Nordic

countries, the US and China. As of 30 September 2016 the group had total assets

of SEK 2 394 billion.

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