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Report Publication Announcement • May 10, 2010

Swedbank's exposure toward Greece, Ireland, Italy, Portugal and Spain

Press Release May 10, 2010

Swedbank's exposure toward Greece, Ireland, Italy, Portugal and Spain

Against the background of the recent developments within the euro area,

Swedbank hereby informs about its exposure toward Greece, Ireland,

Italy, Portugal and Spain.

Swedbank's total gross exposure toward Greece, Ireland, Italy, Portugal

and Spain amounts to about SEK 4.9 bn, out of which SEK 146 million

involves exposure toward Greece.

"Swedbank's exposure toward Greece is small and our exposure toward the

other so called PIIGS-countries is low as well. The bank is also on firm

ground when it comes to having secured our long-term funding and is well

protected from any eventual liquidity risk that could occur on the

market," said Swedbank's Chief Risk Officer Göran Bronner.

Further information, please contact:

Göran Bronner, Chief Risk Officer, Swedbank, phone: +46 8 585 906 67

Thomas Backteman, Head of Corporate Affairs, Swedbank, phone: +46 708

311 166

Swedbank is the bank for the many people, households and companies. As a

leading bank in the home markets Sweden, Estonia, Latvia and Lithuania,

Swedbank offers a wide range of financial services and products.

Swedbank has 9.5 million retail customers and 535,000 corporate

customers with 377 branches in Sweden and 224 branches in the Baltic

countries. The group is also present in other Nordic countries, the

U.S., China, Japan, Russia and Ukraine. As of March 31 2010 the group

had total assets of SEK 1,890 billion. Read more at www.swedbank.com