Swedbank changes dividend policy

22 Jan 2025 18:32 CET

Swedbank's Board of Directors has decided to change the dividend policy to
shareholders from 50 percent to 60-70 percent of the annual profit.

"Swedbank has since 2019 (https://www.swedbank.com/newsroom/press
-releases.details.swedbank-has-set-new-financial-targets.9102555926E53931.html)
had a lower dividend policy to strengthen the bank's capital position. Now it is
time for our owners such as Savings banks, retail investors, pension funds and
foundations to once again get an increased part of the earnings. Today, we have
therefore decided to change the dividend policy," says Göran Persson, Chairman
of the Board, Swedbank.

"While we have no new information on the U.S. investigations, we cannot
continuously build capital. The board's decision to change the dividend policy
enables us to both develop the bank for our customers and also grow lending as
the business environment changes, while we ensure a continued strong capital
position," says Jens Henriksson, CEO and President, Swedbank.

Tomorrow, 23 January, Swedbank publishes its year-end 2024 report and the
proposed dividend for 2024.

Contact:
Annie Ho, (annie.ho@swedbank.se) Head of Investor Relations, tel. +46 70 343 78
15
Charlotte Nilsson,  (Charlotte.Nilsson@swedbank.se)Press Communicator, tel. +46
76 345 66 12

This information constitutes inside information that Swedbank AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation (EU no
596/2014). The information was submitted for publication, through the agency of
the contact person set out above, 22 January 2025, at 18:32 CET.

Swedbank empowers the many people and businesses to create a better future. Our
vision is a financially sound and sustainable society. Swedbank Group is the
leading bank with over 7 million retail customers and 550 000 corporate
customers in our four home markets Sweden, Estonia, Latvia and Lithuania.
Swedbank Group is also present in other Nordic countries, the U.S. and China.
Together we make your financial life easier. Find out more: www.swedbank.com

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