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

Third quarter 2012

Compared with second quarter 2012

· The result for the quarter amounted to SEK 3 511m (3 162)

· Earnings per share before dilution amounted to SEK 3.20* (2.88) and earnings per share after dilution amounted to SEK 3.19* (2.87)

· The return on equity was 14.1 per cent (13.0)

· The cost/income ratio was 0.44 (0.48)

· Net interest income amounted to SEK 5 263m (5 252)

· Profit before impairments increased by 9 per cent to SEK 5 053m (4 646)

· Swedbank reported net credit impairments of SEK 204m (300)

· The core Tier 1 capital ratio was 17.3 per cent according to Basel 2 (15.7 per cent on 31 December 2011). The core Tier 1 capital ratio according to Basel 3 was 16.1** per cent (14.7 per cent on 31 December 2011).

January - September 2012

Compared with January - September 2011

· The result for the period amounted to SEK 10 098m (10 779)

· Earnings per share before dilution amounted to SEK 8.28* (8.59) and earnings per share after dilution amounted to SEK 8.26* (8.58)

· The return on equity was 13.7 per cent (15.0)

· The cost/income ratio was 0.47 (0.53)

· Net interest income increased by 12 per cent to SEK 15 723m (14 047)

· Profit before impairments increased by 21 per cent to SEK 14 467m (11 937)

· Swedbank reported net credit impairments of SEK 676m (net recoveries of 1 737)

Read the full report on www.swedbank.com/ir or in the pdf document attached.

* In the calculation of earnings per share for the first quarter of 2012, the preference share dividend is deducted from profit. The calculation of earnings per share is specified on page 43.

** Swedbank’s estimate based on current knowledge of future regulations.

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