Sveriges Bostadsfinansierings SBAB

As Agent Bank, please be advised of the following rate determined on:
24-Jul-2006

Issue               : Sveriges Bostadsfinansieringsaktiebolag SBAB - Series 265
                      GBP 2,500,000 FRN (MTN) due 23 April 2007
ISIN Number         : XS0146811327
Common Code/
144A ISIN           : 14681132
Issue Nomin     GBP : 2,500,000.00
Period              : 24-Jul-2006 to 23-Oct-2006  Payment Date 23-Oct-2006
Number of Days      : 91
Rate                : 4.745
Denomination    GB  : 1,000.00
Amount Payable 
per Denomination    : 11.83

Institutional       Telephone   44(0) 1202 32 8226
Trust Services      Facsimile   44(0) 1202 34 7939

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