Cecilia Hernqvist Appointed Head of Communications at Swedbank

Regulatory News:

Swedbank: (STO:SWEDA)(LSE:SWK)(Pink Sheets:SWDBF)

Cecilia Hernqvist, Swedbank Group's Chief Legal Officer, has been appointed head of Communications at Swedbank. She will remain in the Group Executive Committee and will take up her new role on 1 January 2014.

Cecilia Hernqvist has worked at Swedbank since 1990 and is currently the Chief Legal Officer. In that capacity, she has been a member of the Group Executive Committee and also Company Secretary. Cecilia Hernqvist will report to Göran Bronner, CFO.

"I am very pleased that Cecilia Hernqvist is taking up the post of head of Communications. We have worked closely in the Group Executive Committee and I know the breadth of knowledge she has. Her knowledge about all the bank's operations and her communicating ability means she will quickly enter into her new role," said Göran Bronner. Internal recruitment has begun to find a Chief Legal Officer.

"I have worked with diverse legal matters for many years at the bank and in many cases the communications aspects have been crucial. When I got this chance it did not take me long to make up my mind. I now look forward to continuing my journey at the bank," said Cecilia Hernqvist. Peter Borsos, the current head of Communications, will be leaving the bank when Cecilia Hernqvist takes up her new position at the turn of the year.

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 8 million retail customers and around 600,000 corporate customers and organizations with 306 branches in Sweden and approximately 180 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S. and China. As of 30 September, 2013 the group had total assets of SEK 1,832 billion. Read more at www.swedbank.com

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