Eva Cederbalk to step down as CEO of SBAB Bank

Eva Cederbalk to step down as CEO of SBAB Bank

Following slightly more than seven years as CEO of SBAB Bank, Eva
Cederbalk has decided to step down at her own request. She will continue
to serve as CEO until a successor has been recruited.

The CEO of SBAB Bank AB (publ), Eva Cederbalk, is leaving SBAB at her
own request. In this connection, she will also be resigning from her
assignment as Chairman of the Board of The Swedish Covered Bond
Corporation (SCBC), a wholly owned subsidiary of SBAB Bank AB.

“Eva Cederbalk has done excellent work during her years at SBAB and I am
saddened by her decision to step down. However, I have every
understanding for and fully accept her decision and I would like to
thank Eva for her contribution to the advancement of SBAB Bank,” says
Arne Liljedahl, Chairman of the Board of SBAB Bank.

Eva Cederbalk has been CEO of SBAB Bank since 2004.

“My slightly more than seven years at the bank have been a fantastic
period in my life but there is a time for everything to end. In view of
the position in which SBAB now finds itself, I believe that the timing
is right for a new person to take over and move the bank to new heights.
Until the Board of Directors has recruited my successor, my assignment
will be to continue operating the bank in the same manner as today,”
says Eva Cederbalk, CEO, SBAB Bank.

For further information, please contact:
Arne Liljedahl, Chairman of the Board, SBAB Bank
Arne Liljedahl is to be contacted via Bernd Schmitz; see contact details
below

Eva Cederbalk, CEO, SBAB Bank
Telephone: +46 (0)8-614 43 01, Mobile: +46 (0)70-523 23 02,
eva.cederbalk@sbab.se (eva.cederbalk@sbab.se)

Bernd Schmitz, Chief Press Officer, SBAB Bank
Telephone: +46 (0)8-614 43 94, Mobile: +46 (0)727-44 43 94,
bernd.schmitz@sbab.se  (bernd.schmitz@sbab.se)