Change of the distribution of shares in Swedbank due to conversion of preference shares to ordinary shares

Press Release 2 March, 2011

Change of the distribution of shares in Swedbank due to conversion of preference
shares to ordinary shares

The allocation of shares in Swedbank AB (”Swedbank”) has changed due to owners
of preference shares having requested during the month of February 2011
conversion of an aggregate of 2 553 preference shares into ordinary shares
pursuant to the conversion clause set forth in Swedbank's articles of
association.



After the conversion, the number of ordinary shares in Swedbank amounts to 952
325 992 and the number of preference shares amounts to 207 264 185. The total
number of shares and votes is unchanged and amounts to 1 159 590 177. The
conversion has been filed for registration with the Swedish Companies
Registration Office and is expected to be finalized by registration with
Euroclear Sweden AB around March 3, 2011.

Pursuant to the conversion clause, an owner of a preference share is during the
months of February and August each year, from and including August 2009 to and
including February 2013, entitled to request that such shareholder's entire
holding of preference shares are converted into ordinary shares. All remaining
preference shares will be subject to mandatory conversion into ordinary shares
during the month immediately following the month in which the Annual General
Meeting 2013 is held, however, not earlier than the day after the record day for
any right to receive dividends resolved at such Annual General Meeting.


Further information, please contact:
Johannes Rudbeck, Head of Investor Relations, Swedbank, phone: +46 70 582 56 56
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95

Swedbank promotes a sound and sustainable financial situation for the many
people, households and companies. Our vision is to contribute to a development
“Beyond Financial Growth”. 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 around
680,000 corporate customers with 340 branches in Sweden and over 200 branches in
the Baltic countries. The group is also present in other Nordic countries, the
U.S., China, Russia and Ukraine. As of December 31 2010 the group had total
assets of SEK 1,716 billion. Read more at www.swedbank.com