SOURCE: AB Svensk Exportkredit

August 17, 2009 02:21 ET

SEK takes part in Swedbank AB's new share issue

STOCKHOLM, SWEDEN--(Marketwire - August 17, 2009) -

SEK has decided to take part in Swedbank AB's new share issue. SEK already owns 25,520,000 shares in Swedbank which represent 3.3 percent of the share capital in Swedbank AB. The decision means that SEK intends to claim it's pro rata share in the new share issue.

- We believe that the new share issue is positive and that it will strengthen Swedbank. The decision to take part in the new share issue has been made in close consultation with our owner. However, it is not part of our core business to own shares in banks and therefore we do not regard ourselves as a long term owner, says Peter Yngwe, President of SEK.

For further information contact Johan Winlund, Head of Communications at SEK, +46 8 613 84 88.

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