At the board meeting held today, October 29, 2010, SEK's Board of Directors resolved to announce an Extra General Meeting with the purpose to propose an extra dividend to its shareholder, the Swedish state, amounting to Skr 1,890 million, equal with the realized after tax profit from the sale of the company's shares in Swedbank. The gross profit amounted to Skr 2.5 billion. In January 2008 SEK provided Sparbanksstiftelsernas Förvaltnings AB (SFAB) with a loan of Skr 500 million. This claim was settled in March 2009 through a Share Purchase Agreement by which SEK purchased 25.520.000 shares in Swedbank from SFAB. Through the participation in Swedbank's new share issue, SEK's shareholding in Swedbank totaled about 38.3 million shares. These shares were sold the 28(th) of October this year. It is the ambition of the board to hold the Extra General Meeting at a time that makes it possible to execute the payment of the dividend during this year. Neither the sale of the shares nor the proposed dividend will affect SEK's capital base negatively, compared with the capital base reported as of September 30, 2010. For questions contact Johan Winlund, Head of Communcations at SEK, +46 8 613 84 88. [HUG#1457061]
Extra General Meeting in SEK
| Source: Svensk Exportkredit, AB