The Board of Directors of Swedbank utilises authorisation to acquire own shares to be used for employee compensation programmes

06 Feb 2025 15:50 CET

Swedbank's Annual General Meeting 2024 decided to authorise the company's Board
of Directors to resolve on the acquisition of own shares. Swedbank's Board of
Directors has today decided to use this authorisation for the purpose of
ensuring delivery of shares to participants in Swedbank's performance- and share
-based compensation programs (Eken 2024 and IP 2024, together "the Programs").

The acquisition of shares will be carried out in accordance with Nasdaq
Stockholm's Nordic Main Market Rulebook for Issuers of Shares (the "Rulebook"),
the Market Abuse Regulation (EU) No 596/2014 ("MAR"), and Commission Delegated
Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The acquisition of
shares will be managed by an investment firm or a credit institution making its
trading decisions concerning the timing of the acquisitions independently of
Swedbank.

The buyback program is subject to the following conditions:

· Acquisitions may comprise up to 2,300,000 shares for a total amount not
exceeding SEK 700 million, with the purpose of ensuring delivery of shares to
participants in the Programs. However, Swedbank's holding of own shares must
never exceed 10 percent of all shares in the company.
· Acquisitions will only take place on Nasdaq Stockholm in accordance with the
Rulebook, MAR, and the Safe Harbour Regulation.
· The acquisition price per share shall be within the applicable price range
on Nasdaq Stockholm at any given time, defined as the interval between the
highest bid price and lowest ask price continuously published by Nasdaq
Stockholm, while also observing the limitations stipulated by the Safe Harbour
Regulation.
· Acquisitions may occur until the Annual General Meeting 2025.
· Payment for shares shall be made in cash.

As of February 6, 2025, Swedbank's holding of own shares amounts to 6,686,779
shares. The total number of shares issued by Swedbank is 1,132,005,722.

Contact:
Hannes Mård (hannes.mard@swedbank.se), Media Relations Manager, tel: +46 73 057
41 95
Magnus Alvesson (magnus.alvesson@swedbank.se), Head of Investor Relations, tel:
+46 70 610 33 41

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

More information:
Access the news on Oslo Bors NewsWeb site

637944_Press_release_The_Board_of_Directors_of_Swedbank_utilises_authorisation_to_acquire_own_shares.pdf