Swedbank: Fastighetsbyrån Sells Its Shares in Hemnet

Regulatory News:

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

Fastighetsbyrån currently owns 34 per cent of the shares in Hemnet and will through an option acquire an additional 8 per cent of the shares. Fastighetsbyrån will sell all of these shares.

For the owner of Fastighetsbyrån, Swedbank, the sale results in a capital gain of about SEK 500 million that will be accrued to the bank's results in 2016 after the acquisition has received approval by the Swedish Competition Authority.

”Hemnet is a financial investment and we have received a very good offer by an owner that will develop Hemnet further in a way that benefits both customers and real estate brokers”, says Swedbank CFO Göran Bronner.

Swedbank AB (publ) is required to disclose this information pursuant to the Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments Trading Act (1991:980) and/or the regulatory framework of Nasdaq Stockholm). This information was sent to be published on 21 December 2015 at 08.30 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 600 000 corporate customers and organisations with 291 branches in Sweden and 147 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 30 September 2015 the group had total assets of SEK 2 312 billion. Read more at www.swedbank.com

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