Jan Liden appointed President of ForeningsSparbanken

Jan Liden has been appointed President and Chief Executive Officer of
ForeningsSparbanken AB (Swedbank). Currently serving as Deputy President
and CEO as well as Head of the Stockholm region and Acting Chief
Financial Officer, Jan Liden will assume his new post on February 1 of
this year.

"We have conducted a widespread search for a suitable presidential
candidate, both nationally and internationally," says Chairman Carl Eric
Stalberg. "Jan Liden fills our requirement profile extremely well thanks
to his documented leadership experience from listed companies as well as
his international experience.

"I know Jan Liden as a very goal- and results-oriented leader who has
always been able to deliver on his promises," he continues. "He
therefore has every opportunity to succeed in the effort to consolidate
the bank's leading position."

Jan Liden has worked a total of 13 years at ForeningsSparbanken in
various senior positions. In addition to serving as regional manager, he
has managed the Swedbank Markets business area and been president of
both the bank's finance company and its mortgage lender, Spintab.

Jan Liden will receive an annual salary of SEK 6.5 million with no bonus
or other variable compensation. His pension benefits call for retirement
at age 60 with no option to retire earlier. Jan Liden will receive a
pension based on an annual premium of SEK 3.5 million. He has a term of
notice of six months if he leaves on his own initiative or twelve months
if terminated by the bank. If terminated by the bank without reasonable
grounds, he will be entitled to an additional twelve months' severance
pay less any income earned from other positions.

Attachment: Jan Liden's Curriculum Vitae

For further information, please contact:
Carl Eric Stalberg, Chairman, phone +46-8-58 59 12 96
Jan Liden, President and CEO-elect, phone +46-58 59 22 27
Henrik Kolga, Head of Communications, phone +46-708-11 13 15