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

Press Release March 2, 2010

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 2010 conversion of an aggregate of 12,362,751 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 952,316,334 and the number of preference shares amounts to
207,273,843. 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 4, 2010.

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 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 9.5 million retail customers
and 550,000 corporate customers with 381 branches in Sweden, 226
branches in the Baltic countries and another 156 branches in Ukraine.
The group is also present in Copenhagen, Helsinki, Kaliningrad,
Luxembourg, Moscow, New York, Oslo, Shanghai, S:t Petersburg and Tokyo.
As of December 31 2009 the group had total assets of SEK 1,795 billion
and approximately 19,000 employees. For more information about Swedbank,
please visit www.swedbank.com