Lars Ljungälv New Head of Large Corporates in Swedbank

Regulatory News:

Swedbank (STO:SWEDA) (OSE: SWED) (LSE:SWK):

Lars Ljungälv, today Head of Region South in Swedish Banking, has been named Head of Large Corporates in Swedbanks business area Large Corporates & Institutions.

Lars Ljungälv has been working as Regional Head in Swedbank since 2014. He began his career in the independent Savings Banks-sphere, where he has been CEO of both Färs & Frosta Sparbank and Sparbanken Öresund.

- Lars will be a valuable asset in LC&I, not least given the bank’s wider corporate initiative. In his new role, Lars will continue to build our corporate business and be part in continuing to refine the business model and strategy to further strengthen our position as a commercial bank, says Elisabeth Beskow, Co-Head of Large Corporates & Institutions.

Lars Ljungälv will be part of the Group Executive Committee.

The current Head of Large Corporates, Henrik Forzelius has decided to leave the bank.

Peter Nordblad is new Head of Region South in Swedish Banking.

Swedbank AB (publ) is required to disclose this information pursuant to Regulation (EU) No 596/2014 on market abuse, the Swedish Financial Instruments Trading Act (1991:980) and/or the regulatory framework of Nasdaq Stockholm). This information was sent to be published on 30 August 2016 at 08.00 CET.

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to development "Beyond Financial Growth”. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 640 000 corporate customers and organisations with 266 branches in Sweden and 143 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 31 July 2016 the group had total assets of SEK 2 476 billion. Read more at www.swedbank.com

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