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Change of the Distribution of Shares in Swedbank Due to Conversion of Preference Shares to Ordinary Shares

^{Published on 2010-09-02 07:36:00 - Market Wire}
 

STOCKHOLM--([ BUSINESS WIRE ])--Regulatory News:

The allocation of shares in Swedbank AB (STO:SWEDA)(LSE:SWK)(Pink Sheets:SWDBF) (aSwedbanka) has changed due to owners of preference shares having requested during the month of August 2010 conversion of an aggregate of 7,105 preference shares into ordinary shares pursuant to the conversion clause set forth in Swedbanka™s articles of association.

After the conversion, the number of ordinary shares in Swedbank amounts to 952,323,439 and the number of preference shares amounts to 207,266,738. 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 September 6, 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 shareholdera™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.

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development aBeyond Financial Growtha. 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 535,000 corporate customers with nearly 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 June 30 2010 the group had total assets of SEK 1,905 billion. Read more at [ www.swedbank.com ]

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