Michael Wolf rejects media reports regarding involvement in Weavering Capital

Press Release 25th of March 2009

Michael Wolf rejects media reports regarding involvement in Weavering Capital

Swedbank's President and CEO Michael Wolf rejects media reports claiming that he
has acquired shares in the British company Weavering Capital or invested in the
company's holding fund. 


Michael Wolf has never paid for any shares in the company, has never partaken in
a shareholder letter or any other documentation confirming a stake hold. He has
also not invested in the fund being referred to in media. Michael Wolf invested
some years ago in one of the company's earlier funds but sold the stake hold in
2001 when he resided in Germany. 

Michael Wolf and Magnus Peterson, CEO and founder of Weavering Capital, were
colleagues during the period 1992 to 1994 at SEB in London. Magnus Peterson has
since some years back used Michael Wolf as a standing employment reference. 

Michael Wolf has through the employment reference only that he previously worked
at SEB. In addition they are both members of a small group of circa ten
individuals from SEB that occasionally meet annually to play golf. The
relationship does not extend beyond this description. 

Michael Wolf intends to thoroughly investigate how the claims of a stake hold in
Wearing Capital have materialised. 


For further information: 
Michael Wolf, President and CEO, Swedbank, phone: +46 8 585 927 66
Thomas Backteman, Head of Corporate Affairs, Swedbank, phone: +46 708 31 11 66
Anna Sundblad, Press Officer,  Swedbank, phone: +46 70 321 39 95 


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.