Swedish securitisation with new structure by Svensk Hypotekspension

PRESS RELEASE                                                                   

Stockholm,                                                                      
3 September 2010                                                                

Swedish securitisation with new structure by                                    
Svensk Hypotekspension                                                          

Svensk Hypotekspension AB, through its wholly-owned subsidiary Svensk           
Hypotekspension Fond 1 AB (publ), has issued SEK 900,000,000 mortgage backed    
notes divided into two classes, SEK 318,000,000 with floating rate interest and 
SEK 582,000,000 with fixed rate interest. The notes have been given an ‘AA'     
rating by Fitch Ratings Ltd and will be listed on NASDAQ OMX Stockholm today, 3 
September.                                                                      

The initial investors primarily consist of major Swedish pension fund managers. 

The bonds are backed by a portfolio of so called equity release                 
mortgages/reverse mortgages that Svensk Hypotekspension successfully has        
marketed since 2005. The mortgages are loans for seniors 60+, secured by real   
property or cooperative flats, with interest accumulating until the borrower    
moves permanently from the property or dies. The timing of interest payments and
repayment of principal on the notes is dependent on the cash flow from the      
portfolio. The entire documentation is governed by Swedish law and the          
collateral is held by CorpNordic Sweden AB, who is also acting as agent for the 
bondholders.                                                                    

The transaction was the first securitisation to utilise a Swedish domestic      
issuer since 2004, and the first European securitisation of equity release      
collateral since 2005.                                                          

Together with the management of the company and Barclays Capital as arranger,   
the law firm Mannheimer Swartling structured and documented the transaction. DnB
NOR Bank Sweden acted as issuing agent.                                         

- We are extremely happy to carry through this transaction now, with a positive 
margin for the company. We are breaking the stalemate of the securitisation     
market which has prevailed since the start of the financial crises. The notes   
have been very well received by large investors seeking a long term, secure     
investment, said Lennart Grabe, CEO of Svensk Hypotekspension.                  

For more information regarding the notes please find the Prospectus at:         
www.shpfond1.se                                                                 

For further information please contact:                                         
Lennart Grabe, CEO of Svensk                                                    
Hypotekspension                                                                 
Telephone: +46 8 586 160 01, e-mail:                                            
lennart.grabe@hypotekspension.se