Facts Q October, 2014

Facts Q3 2014 21 October, 2014

44B 4B 44B 4B 44B 4B 44B 4B 44B 4B 44B 4B Contents page page General information 2 Asset quality 48 Swedbank in brief 2-3 Asset quality 48-51 Macro economic indicators 4-5 Credit impairments 52 Financial information, Group 6 Impaired loans and provisions 53-54 Income statement, 5-year summary 6 Loans past due 55 Income statement, 9-quarter summary 7 Private Mortgage loans 56 Balance sheet, 5-year summary 8 Concentration risk 57 Balance sheet, 9 quarters, Equity and Goodwill 9 Capital adequacy 58 Statement of changes in equity and Intangible fixed assets 10 Credit risks, EAD distribution by business area and by segment 58 Net interest income analysis 11 Capital adequacy parameters for credit risk - business area 59 Income analysis 12 Capital adequacy parameters for credit risk - segment 60-61 Expense analysis 13 Capital adequacy, consolidated situation 62 Variable pay 14 Change in REA and Outstanding subordinated debt and leverage ratio 63 Business areas 15 ICAAP 2014 - Scenario based stress test 64-65 Swedish Banking 15-16 Liquidity & Funding 66 Large Corporates & Institutions 17-23 Liquidity reserve and additional Liquid Assets 66 Baltic Banking 24 Survival horizon 67 Baltic Banking 24-25 Liquidity ratios 68 Estonia 26 Debt securities in issue 69 Latvia 27 Issued long-term debt, by currency 70 Lithuania 28 Maturity distribution, long-term funding 71 Other 29 Outstanding benchmark bonds 72 Group Functions & Other 30-31 Outstanding short-term funding 73 Group Products 32 Maturity distribution, total balance sheet 74-75 Group Treasury 33 Asset encumbrance 76-77 Ektornet 34-35 Cover pool data 78-80 Other 36 Swedbank Mortgage AB, loan data 81 Eliminations 37 Rating 82 Product companies 38 Key figures 83-84 Swedbank Robur AB 38-39 Market shares 85 Swedbank Insurance 40-41 Swedbank Group by geography 86 Baltic Life Insurance 42 Employees 87 Baltic P&C Insurance 43 Currency distribution and exchange rates 88 Business volumes 44 Sensitivity analysis 89 Loans 44 Shareholders and share data 90 Deposits and amounts owed to credit institutions 45 Definitions 91 Derivatives and Deferred Tax Assets 46 Contacts and financial calendar 92 Interest bearing Securities and Exposures towards the GIIPS countries 47

Swedbank in brief General information Swedbank has roots firmly entrenched in Sweden's savings bank history, the cooperative agricultural bank tradition and Hansabanks's significant role in the Baltic countries. Swedbank has a leading position in its home markets of Sweden, Estonia, Latvia and Lithuania. Purpose To promote a sustainable financial situation for the many households and businesses. Values Simple, Open, Caring Financial targets Return on equity: Return on equity of at least 15 per cent. Cost efficiency: Market-leading cost efficiency Capitalisation: Solid capitalisation Priorities 2014 Long-term strategy Accessible full-service bank: We provide households and businesses with everything from basic transaction services to the most advanced advisory services. Our goal is to do it in a sustainable way that creates customer value. Therefore, our products and services are based on and adapted to our customers' needs and behaviours. Decision-making close to our customers: Our offering is designed with our customers in mind. All decisions are therefore made as close to customers as possible - without unnecessary lead times and helped by the adviser's knowledge of the local market. That competence is also the basis for what products and services are offered. The advisor takes responsibility for pricing, risk, profit and loss, and balance sheet. Low risk: Swedbank s mortgages and other lending are financed through capital market funding. Stable profitability and low risk are essential in order to win the trust of this market. For earnings to remain stable over time it requires a low risk level. Risk is kept low by the high quality of the bank's lending, where each borrower s solvency, solidity and collateral are always the determining factors. Moreover, the bank maintains a sustainable balance between deposits and lending and tries to match maturities. Swedbank's priority is sustainable growth. Improve customer value Continue to invest in accessibility, service and quality Devote more resources to customer meetings Simplify and clarify our offering Strengthen market position: Grow in existing markets Build long-term relationships Coordinate offerings Increase decision-making close to our customers: Decentralise mandates and improve business support Strengthen leadership and employeeship Utilise and develop talents through increased internal mobility Increase cost efficiency: Simplify internal processes Adapt Group Functions based on customer needs Increase cost consciousness High cost efficiency: External trends increase the importance of being able to manage capital and expenses efficiently. Capital efficiency is attained through our employees being knowledgeable about customers and what affects risk exposure amount and tied-up capital. Cost efficiency is among other things attained by developing our products cooperatively at the Group level. Our broad customer base gives us the economies of scale and opportunities to create cost-effective solutions with the help of new technology. 2

Swedbank in brief General information Sweden Population: 9.6m Private customers: 4.1m Corporate customers: 268 000 Organisations: 65 000 Branches: 318 ATMs 1) Cards: 3.9m Employees: 8 560 Latvia Population: 2.0m Private customers: 1.0m Corporate customers: 86 000 Branches: 51 ATMs: 410 Cards: 1.0m Employees: 1 524 Estonia Population: 1.3m Private customers: 1.0m Corporate customers: 128 000 Branches: 50 ATMs: 469 Cards: 1.1m Employees: 2 271 Lithuania Population: 3.0m Private customers: 2.0m Corporate customers: 88 000 Branches: 69 ATMs: 475 Cards: 1.7m Employees: 1 907 1) ATMs are owned and operated by Bankomat AB. More information is available on www.bankomat.se To support the business in Swedbank's four home markets, Swedbank is also established in neighbouring markets such as Norway, Finland and Denmark as well as certain other countries such as the US, China and Luxembourg. Swedbank is discontinuing operations in Russia. Group operational structure 2014 The financial reporting is divided in four segments. The six Swedish regions and Channel & Concepts form Swedish Banking. Group products, and other group functions, constitute Group Functions & Other. Group executive committee Michael Wolf, President and CEO Mikael Björknert, Head of Channels & Concepts Birgitte Bonnesen, Head of Baltic Banking Göran Bronner, Chief Financial Officer Ulf Ejelöv, Head of Northern Region in Sweden Björn Elfstrand, Head of Stockholm Region in Sweden Anders Ekedahl, Head of Group IT Jonas Erikson, Head of Group Products Lars Friberg, Head of Group Human Resources Magnus Gagner-Geeber, Head of Large Corporates & Institutions Lars Ljungälv, Head of Southern Region in Sweden Annika Hellström, Head of Central Region in Sweden Cecilia Hernqvist, Head of Group Communications Anders Karlsson, Group Chief Risk Officer Helo Meigas, Head of Group Treasury Lena Smeby-Udesen, Head of Western Region in Sweden Christer Trägårdh, Head of Eastern Region in Sweden 3

44B 4B 2B General information Macro economic indicators GDP growth Average inflation rate (consumer price growth) % 2016F 2015F 2014F 2013 2012 2011 2010 2009 % 2016F 2015F 2014F 2013 2012 2011 2010 2009 Sweden 2.5 2.3 2.1 1.6 1.3 2.9 7.3-5.0 Sweden 2.1 1.4 0.1 0.0 0.9 3.0 1.2-0.5 Estonia 3.0 2.3 0.8 0.8 3.9 9.6 2.6-14.8 Estonia 2.7 2.5 0.3 2.8 3.9 5.0 3.0-0.1 Latvia 3.5 2.6 2.5 4.1 5.2 5.3-1.3-17.7 Latvia 2.5 2.5 0.8 0.0 2.3 4.4-1.1 3.5 Lithuania 3.8 3.5 3.0 3.3 3.7 6.0 1.6-14.8 Lithuania 3.0 2.0 0.2 1.0 3.1 4.1 1.3 4.5 Current account balance, % of GDP General Government Financial Balance, % of GDP 2016F 2015F 2014F 2013 2012 2011 2010 2009 2016F 2015F 2014F 2013 2012 2011 2010 2009 Sweden 4.1 4.6 5.4 6.2 6.6 7.3 6.8 6.8 Sweden -0.9-1.1-1.7-1.3-0.7 0.0-0.1-0.7 Estonia -2.0-1.7-1.3-1.0-1.8 1.8 3.1 3.6 Estonia -0.2-0.4-0.5-0.2-0.2 1.1 0.3-2.0 Latvia -2.9-2.2-2.0-0.8-1.7-2.2 3.0 8.6 Latvia -0.8-1.5-1.3-0.9-1.3-3.4-8.1-9.7 Lithuania -2.4-2.0-1.8 1.5-0.2-3.7 1.5 4.4 Lithuania -0.5-1.2-2.1-2.2-3.2 4.7-7.2-9.5 General government debt, % of GDP 2016F 2015F 2014F 2013 2012 2011 2010 2009 Sweden 39.7 40.7 41.4 40.9 38.3 38.4 39.4 42.7 Sweden 42 200 9.6 424.1 Estonia 9.5 9.8 10.0 10.0 9.8 6.1 6.7 7.2 Estonia 24 482 1.3 16.0 Latvia 33.7 34.3 39.1 38.1 40.6 42.2 44.7 36.7 Latvia 22 335 2.0 17.8 Lithuania 37.5 42.5 42.7 39.4 40.5 38.3 38.0 29.4 Lithuania 24 704 3.0 31.2 Household debt, % of disposable income 1) Unemployment % 2013 2012 2011 2010 2009 2008 % 2016F 2015F 2014F 2013 2012 2011 2010 2009 Sweden 174.4 171.9 173.2 174.1 166.5 161.2 Sweden 7.0 7.6 8.0 8.0 8.0 7.8 8.4 8.3 Estonia N/A 80.5 82.7 92.9 95.7 91.9 Estonia 7.2 7.6 7.7 8.6 10.0 12.5 16.9 13.8 Latvia N/A 56.90 65.9 73.4 74.7 70.8 Latvia 8.8 9.9 10.7 11.9 15.0 16.2 18.7 16.9 Lithuania N/A 37.7 40.1 43.1 45.9 44.9 Lithuania 8.5 9.7 10.9 11.8 13.4 15.4 17.8 13.7 1) Data for households and non-profit institutions serving households. Source: Swedbank Reasearch - Macro Research, Eurostat, the World Bank & the Riksbank GDP per capita (PPP) 2013, USD Inhabitants (millions) GDP (2013, USDbn) Total market, net change in loans to the public by Country Sweden SEKbn Net change 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Jul-Aug Total loans 1) 167 48 100-9 59 66 36-12 76 37 29-3 116 68 32 Mortgage loans 22 33 27 27 20 27 23 29 23 32 29 34 27 40 23 Estonia EURm Net change Total loans 1) -299-51 -244-226 119 60 247 24 119-98 219 32-11 211 180 Mortgage loans -52-16 -23-32 -56-6 16-8 -31 13 21 24 6 31 38 Latvia EURm 2) Net change Total loans 1) -688-464 -163-464 -1 273-432 1-370 -163-617 -188 na na na na Mortgage loans -195-112 -121-141 -270-169 -104-115 -97 58-91 -142-121 -77 na Lithuania EURm Net change Total loans 1) -88-338 205-1 074-184 100-32 -660 385-190 72-221 -765 339 na Mortgage loans 100-128 -9-151 -61-30 -36-70 -29-7 -1-29 -235 35 na 1) Excluding repurchase agreements. 2) September 2013 is the latest data for total loans (total market). 4

Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Macro economic indicators General information Interest rates: Sweden & Eurozone, % Interest rates: Baltics & Eurozone, % 6,0 5,5 5,0 4,5 4,0 3,5 3,0 2,5 2,0 1,5 1,0 0,5 0,0 24 22 20 18 16 14 12 10 8 6 4 2 0 Repo rate (SWE) ECB Euro rate 90 days Euribor 90 days Stibor (SWE) 90 days Vilibor (Lithuania) 90 days Rigibor (Latvia) 90 days Euribor Real estate price development, Sweden 1) SEK 000 4 000 3 750 3 500 3 250 3 000 2 750 2 500 2 250 2 000 1 750 1 500 1 250 1 000 750 500 250 0 2006 2007 2008 2009 2010 2011 2012 2013 Q2-14 Sweden Gothenburg Stockholm Malmö Real estate price development, Baltics 2) EUR/m2 1 800 1 600 1 400 1 200 1 000 800 600 400 200 0 2006 2007 2008 2009 2010 2011 2012 2013 Q3-14 Tallin Riga Vilnius 1) Median price for a single family home 2) Average sales price per sqm for apartments Source: Swedbank's Boindex (real estate price index) Source: Land boards of respective country Turnover 350 000 300 000 250 000 200 000 150 000 100 000 50 000 General index and turnover, equities, NASDAQ OMX, Stockholm Index 500 450 400 350 300 250 200 150 0 100 Stockholm, SEKm turnover month OMX Stockholm PI (rs) 5

Income statement, 5-year summary Financial information, Group Income statement, Group YTD YTD FY FY FY FY FY SEKm 2014 2) 2013 % 2013 2012 1) 2011 2010 2009 Net interest income 16 833 16 403 3 22 029 20 361 19 014 16 228 20 765 Net commission income 8 322 7 433 12 10 132 9 614 9 597 10 116 7 825 Net gains and losses on financial items, fair value 1 917 1 023 87 1 484 3 073 1 584 2 400 2 770 Net insurance 407 466-13 647 595 506 612 647 Share of the profit or loss of associates 887 643 38 852 798 767 624 866 Other income 1 559 1 318 18 1 794 1 827 2 577 1 554 1 909 Total income 29 925 27 286 10 36 938 36 268 34 045 31 534 34 782 Staff costs 7 200 6 407 12 8 704 8 500 9 522 9 052 9 184 Variable staff costs 607 670-9 947 738 395 340 17 Other expenses 4 964 4 569 9 6 258 6 470 7 471 7 790 7 758 Depreciation/amortisation 538 518 4 739 852 1 011 950 889 Total expenses 13 309 12 164 9 16 648 16 560 18 399 18 132 17 848 Profit before impairments 16 616 15 122 10 20 290 19 708 15 646 13 402 16 934 Impairment of intangible assets 1 170 182 20 1 960 37 1 305 Impairment of tangible assets 223 382-42 693 407 174 600 449 Credit impairments 165 92 79 60-185 -1 911 2 810 24 641 Operating profit 16 227 14 478 12 19 355 19 466 15 423 9 955-9 461 Tax expense 3 301 2 887 14 4 099 4 157 3 669 2 472 981 Profit for the period from continuing operations 12 926 11 591 12 15 256 15 309 11 754 7 483-10 442 Profit for the period from discontinued operations, after tax -259-2 292-89 -2 340-997 4 Profit for the period including non-controlling interest 12 667 9 299 36 12 916 14 312 11 758 7 483-10 442 Profit for the period attributable to: Shareholders of Swedbank AB 12 652 9 289 36 12 901 14 304 11 744 7 444-10 511 Non-controlling interests 15 10 50 15 8 14 39 69 Statement of Comprehensive Income YTD YTD FY FY FY FY FY SEKm 2014 2013 % 2013 2012 2011 2010 2009 Profit for the period reported via Income statement 12 667 9 299 36 12 916 14 312 11 758 7 483-10 442 Items that will not be reclassified to the income statement Remeasurements of defined benefit pension plans -974 2 582 2 264-1 653 Share related to associates -41 22 12-43 Income tax 224-571 -500 374 Total -791 2 033 1 776-1 322 Items that may be reclassified to the income statement Exchange differences on translating foreign operations: Gains/losses arising during the period 997 73 1 258-1 480-284 -4 218-1 852 Net gains and losses on financial items, fair value or profit for the period from discontinued operation 508 1 875-73 1 875 Hedging of net investments in foreign operations: Gains/losses arising during the period -861 17-910 1 050 379 2 420 1 312 Reclassification adjustments to Income statement, profit for the period from discontinued operations -365 Cash flow hedges: Gains/losses arising during the period -7-98 -93-210 -614 78 149-574 Reclassification adjustments to Income statement, Net interest income -14 71 83 193 345 806 817 Net gains and losses on financial items, fair value 37 Share of other comprehensive income of associates 74-105 -115 21-2 -30 42 Tax Income tax 193 2 230-74 -210-890 -397 Reclassification adjustments to Income statement, profit for the period from discontinued operations 80 Total 605 1 835-166 2 211-904 306-1 763-615 Other comprehensive income for the period, net of tax -186 3 868 3 987-2 226 306-1 763-615 Total comprehensive income for the period 12 481 13 167-5 16 903 12 086 12 064 5 720-11 057 Total comprehensive income attributable to: Shareholders of Swedbank AB 12 466 13 157-5 16 887 12 078 12 050 5 693-11 138 Non-controlling interests 15 10 50 16 8 14 27 81 1) From 2012, trading related net interest income is reported as net gains and losses on financial items at fair value. 2) Q2 2014 one-off effects from the acquisition of Sparbanken Öresund, other income of SEK 461m, staff costs of SEK 393m, other costs of SEK 222m and a positive effect on tax expenses of SEK 135m. In 2013 Swedbank decided to discontinue its operations in Russia and Ukraine. In Q2 2013 the divestment of the Ukrainan subsidiary was finalised. Income statements have been restated for 2012 but for balances and full time employees no restatements have been done. 6

22B 2B Income statement, 9-quarter summary Financial information, Group Income statement, Group Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 SEKm 2014 SEKm 2014 1) 2014 2013 2013 2013 2013 2012 2012 Net interest income 5 829 308 5 521 5 483 5 626 5 641 5 409 5 353 5 346 5 085 Net commission income 2 816 3 2 813 2 693 2 699 2 520 2 525 2 388 2 502 2 375 Net gains/losses on financial items, fair value 799 26 773 345 461 170 296 557 830 687 Net insurance 123-11 134 150 181 129 144 193 127 147 Share of profit or loss of associates 221-189 410 256 209 240 197 206 154 225 Other income 362-442 804 393 476 525 408 385 478 452 Total income 10 150-305 10 455 9 320 9 652 9 225 8 979 9 082 9 437 8 971 Staff costs 2 267-428 2 695 2 238 2 297 2 115 2 159 2 133 2 107 2 045 Variable staff costs 202-4 206 199 277 213 232 225 157 184 Other expenses 1 508-338 1 846 1 610 1 689 1 488 1 567 1 514 1 669 1 490 Depreciation/amortisation 187 15 172 179 221 179 168 171 209 201 Total expenses 4 164-755 4 919 4 226 4 484 3 995 4 126 4 043 4 142 3 920 Profit before impairments 5 986 450 5 536 5 094 5 168 5 230 4 853 5 039 5 295 5 051 Impairment of intangible assets -1 1 12 170 17-1 Impairment of tangible assets 19-50 69 135 311 95 202 85 141 102 Credit Impairments 235 205 30-100 -32-56 88 60-76 36 Operating profit 5 732 296 5 436 5 059 4 877 5 191 4 393 4 894 5 213 4 914 Tax expense 1 164 101 1 063 1 074 1 212 998 913 976 786 1 216 Profit for the period from continuing operations 4 568 195 4 373 3 985 3 665 4 193 3 480 3 918 4 427 3 698 Profit for the period from discontinued operations, after tax -2 228-230 -27-48 -15-1 887-390 -174-203 Profit for the period including non-controlling interest 4 566 423 4 143 3 958 3 617 4 178 1 593 3 528 4 253 3 495 Profit for the period attributable to: Shareholders of Swedbank AB 4 560 421 4 139 3 953 3 612 4 172 1 592 3 525 4 252 3 495 Non-controlling interests 6 2 4 5 5 6 1 3 1 Statement of comprehensive income Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 SEKm 2014 SEKm 2014 2014 2013 2013 2013 2013 2012 2012 Profit for the period reported via Income statement 4 566 423 4 143 3 958 3 617 4 178 1 593 3 528 4 253 3 495 Items that will not be reclassified to the income statement Remeasurements of defined benefit pension plans -1 090-1 427 337-221 -318 506 1 402 674-209 -984 Share related to associates -28-22 -6-7 -10 13 25-16 -9-21 Income tax 246 318-72 50 71-114 -312-145 -15 265 Total -872-1 131 259-178 -257 405 1 115 513-233 -740 Items that may be reclassified to the income statement Exchange differences on translating foreign operations: Gains/losses arising during the period -225-1 290 1 065 157 1 185-669 2 089-1 347 837-1 700 Reclassification adjustments to income statement, Net gains/losses on financial items at fair value or profit for the period from discontinued operation -508 508 1 875 1 Hedging of net investments in foreign operations: Gains/losses arising during the period 140 993-853 -148-927 576-1 644 1 085-668 1 265 Reclassification adjustments to Income statement, profit for the period from discontinued operations 365-365 Cash flow hedges: Gains/losses arising during the period 69 66 3-79 -112-32 -26-40 -116-37 Reclassification adjustments to Income statement, Net interest income -23-27 4 5 12 24 25 22 29 43 Share of other comprehensive income of associates 45 44 1 28-10 -43-9 -53 22-18 Tax Income tax relating to components of other comprehensive income -39-217 178 54 228-123 361-236 296-339 Reclassification adjustments to Income statement, profit for the period from discontinued operations -80 80 Total -33-654 621 17 376-267 2 671-569 401-786 Other comprehensive income for the period, net of tax -905-1 785 880-161 119 138 3 786-56 168-1 526 Total comprehensive income for the period 3 661-1 362 5 023 3 797 3 736 4 316 5 379 3 472 4 421 1 969 Total comprehensive income attributable to: Shareholders of Swedbank AB 3 655-1 364 5 019 3 792 3 730 4 310 5 378 3 469 4 420 1 969 Non-controlling interests 6 2 4 5 6 6 1 3 1 1) Q2 2014 one-off effects from the acquisition of Sparbanken Öresund, other income of SEK 461m, staff costs of SEK 393m, other costs of SEK 222m and a positive effect on tax expenses of SEK 135m. 7

Balance sheet, 5-year summary Financial information, Group Balance sheet 30 Sep 30 Sep 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec SEKm 2014 2013 % 2013 2012 2011 2010 2009 Assets Cash and balances with central banks 158 041 132 001 20 59 382 130 058 164 307 17 109 37 879 Loans to credit institutions 95 818 75 743 27 82 278 85 480 97 195 166 417 92 131 Loans to the public 1 340 580 1 248 266 7 1 264 910 1 238 864 1 211 454 1 187 226 1 290 667 Bonds and other interest-bearing securities 193 665 152 609 27 182 399 135 807 138 311 131 576 170 615 Financial assets for which customers bear the investment risk 137 138 118 694 16 122 743 104 194 95 747 100 628 78 194 Derivatives 93 697 62 804 49 64 352 102 265 103 726 65 051 72 969 Other assets 59 534 45 454 31 48 038 50 192 46 325 47 674 52 232 Total assets 2 078 473 1 835 571 13 1 824 102 1 846 860 1 857 065 1 715 681 1 794 687 Liabilities and equity Amounts owed to credit institutions 142 658 119 358 20 121 621 122 202 139 598 136 766 231 687 Deposits and borrowings from the public 686 426 623 550 10 620 608 579 663 561 696 534 237 504 424 Debt securites in issue 826 826 742 632 11 726 275 767 454 781 458 686 517 703 258 Financial liabilities for which customers bear the investment risk 139 887 121 069 16 125 548 105 104 96 449 100 988 80 132 Derivatives 73 287 58 488 25 55 011 92 141 90 484 65 935 72 172 Other liabilites 79 399 54 647 45 55 175 62 803 69 716 69 016 75 057 Subordinated liabilities 18 395 9 996 84 10 159 14 307 19 531 27 187 37 983 Equity 111 595 105 831 5 109 705 103 186 98 133 95 035 89 974 Total liabilities and equity 2 078 473 1 835 571 13 1 824 102 1 846 860 1 857 065 1 715 681 1 794 687 In 2013 Swedbank decided to discontinue its operations in Russia and Ukraine. In Q2 2013 the divestment of the Ukrainan subsidiary was finalised. Income statements have been restated for 2012 but for balances and full time employees no restatements have been done. 8

Balance sheet 9 quarters, Equity and Goodwill Financial information, Group Balance sheet 30 Sep 30 Jun 31 Mar 31 Dec 30 Sep 30 Jun 31 Mar 31 Dec 30 Sep SEKm 2014 SEKm 2014 2014 2013 2013 2013 2013 2012 2012 Assets Cash and balances with central banks 158 041-630 158 671 126 465 59 382 132 001 199 879 210 251 130 058 212 761 Loans to credit institutions 95 818-2 051 97 869 91 121 82 278 75 743 73 100 86 932 85 480 95 615 Loans to the public 1 340 580 17 795 1 322 785 1 278 780 1 264 910 1 248 266 1 245 820 1 236 583 1 238 864 1 251 456 Interest-bearing securities 193 665-5 623 199 288 172 577 182 399 152 609 135 550 137 859 135 807 136 804 Value change of interest hedged item in portfolio hedge 994 206 788 404 62-200 -234 16 Financial assets for which customers bear the investment risk 137 138 2 585 134 553 126 264 122 743 118 694 114 571 111 747 104 194 103 834 Shares and participating interests 10 689 696 9 993 10 235 7 109 6 782 4 600 6 552 8 106 4 879 Investments in associates 4 973 120 4 853 3 829 3 640 3 376 3 267 3 602 3 552 3 464 Derivatives 93 697 17 903 75 794 67 855 64 352 62 804 71 470 83 960 102 265 110 342 Intangible fixed assets 13 969 3 13 966 13 669 13 658 13 333 13 485 13 123 13 440 13 244 of which goodwill 11 972-42 12 014 11 807 11 760 11 501 11 620 11 176 11 452 11 276 Tangible assets 3 063-427 3 490 3 381 3 825 4 755 5 343 5 722 7 031 7 827 Current tax assets 1 062-6 1 068 1 066 895 1 322 629 580 1 082 1 559 Deferred tax assets 623-58 681 369 417 425 484 500 657 662 Other assets 16 335-3 664 19 999 17 202 9 578 6 586 8 319 7 904 8 380 13 525 Prepaid expenses and accrued income 6 720 26 6 694 7 029 6 992 7 075 7 742 8 391 7 736 8 799 Group of assets classified as held for sale 1 106-145 1 251 1 937 1 862 2 000 2 388 5 945 208 204 Total assets 2 078 473 26 730 2 051 743 1 922 183 1 824 102 1 835 571 1 886 413 1 919 667 1 846 860 1 964 975 Liabilities and equity Liabilities Amounts owed to credit institutions 142 658-7 205 149 863 119 118 121 621 119 358 124 002 137 198 122 202 129 060 Deposits and borrowings from the public 686 426-10 742 697 168 654 674 620 608 623 550 672 882 650 333 579 663 630 594 Debt securities in issue 826 826 26 407 800 419 779 042 726 275 742 632 744 829 778 445 767 454 825 838 Financial liabilities for which customers bear the investment risk 139 887 3 044 136 843 130 082 125 548 121 069 117 187 115 405 105 104 104 668 Derivatives 73 287 16 158 57 129 56 845 55 011 58 488 59 862 75 126 92 141 104 178 Current tax liabilities 265-376 641 1 056 1 893 1 148 635 885 1 378 1 339 Deferred tax liabilities 2 301 13 2 288 2 369 2 383 2 861 2 645 2 827 2 641 2 313 Short positions securities 25 183-5 222 30 405 14 943 17 519 15 276 15 649 14 763 18 229 13 463 Other liabilities 31 749 544 31 205 25 831 14 269 16 563 18 752 11 453 16 624 18 243 Accrued expenses and prepaid income 12 312-1 544 13 856 13 734 14 194 14 193 12 676 16 101 16 782 16 475 Provisions 7 467 1 852 5 615 4 923 4 698 4 381 4 931 6 268 7 073 7 022 Subordinated liabilities 18 395 18 18 377 16 920 10 159 9 996 10 585 13 827 14 307 12 980 Liabilities directly associated with group of assets classified as held for sale 122-12 134 153 219 225 375 1 149 76 77 Total liabilities 1 966 878 22 935 1 943 943 1 819 690 1 714 397 1 729 740 1 785 010 1 823 780 1 743 674 1 866 250 Equity Non-controlling interests 175 6 169 170 165 159 153 157 154 155 Equity attributable to shareholders of Swedbank AB 111 420 3 789 107 631 102 323 109 540 105 672 101 250 95 730 103 032 98 570 Total equity 111 595 3 795 107 800 102 493 109 705 105 831 101 403 95 887 103 186 98 725 Total liabilities and equity 2 078 473 26 730 2 051 743 1 922 183 1 824 102 1 835 571 1 886 413 1 919 667 1 846 860 1 964 975 Equity attributable to shareholders of Swedbank AB, 30 Sep 2014 Goodwill, 30 Sep 2014 SEKm SEKm Swedbank AB (Sweden) 64 083 Swedbank Robur 328 Swedbank Mortgage (Sweden) 33 723 Swedbank Försäkring 651 Swedbank Finans (Sweden) 4 870 Ölands Bank AB 9 Swedbank Robur (Sweden) 1 868 Swedbank (Estonia) 3 870 Swedbank Försäkring (Sweden) 3 097 Swedbank (Latvia) 1 992 Sparbanken Öresund AB (Sweden) 4 157 Swedbank (Lithuania) 3 384 Sparia Försäkring (Sweden) 621 Swedbank Franchise (Sweden) 19 Sparia Försäkring Group(Sweden) 70 Group total 10 253 Swedbank (Estonia) 18 181 Goodwill within parent company: Swedbank (Latvia) 10 204 Swedbank AB (Sweden) 1 719 Swedbank (Lithuania) 9 506 Swedbank Asset Management SA (Luxemburg) 41 Total goodwill 11 972 OOO Leasing (Russia) 33 First Securities (Norway) 17 Ektornet (Sweden) 230 Swedbank Babs Holding (Sweden 658 Other subsidiaries 2 236 Total legal equity 153 595 Group adjustments and eliminations -42 175 Total equity attributable to shareholders of Swedbank AB 111 420 In 2013 Swedbank decided to discontinue its operations in Russia and Ukraine. In Q2 2013 the divestment of the Ukrainan subsidiary was finalised. Income statements have been restated for 2012 but for balances and full time employees no restatements have been done. 9

00B 0B Statement of changes in equity and Intangible fixed assets Statement of changes in equity SEKm Share capital Other contributed equity Exchange differences, subsidiaries and associates Shareholders' equity Hedging of net investments in foreign operations Cash flow hedges Financial information, Group Retained earnings Total Noncontrolling interest Total equity Opening balance 1 January 2014 24 904 17 275-833 293-139 68 040 109 540 165 109 705 Dividends -11 133-11 133-5 -11 138 Share based payments to employees 381 381 381 Associates' disposal of shares in Swedbank AB 166 166 166 Total comprehensive income for the period 1 577-958 -15 11 862 12 466 15 12 481 Closing balance 30 September 2014 24 904 17 275 744-665 -154 69 316 111 420 175 111 595 Specification of Exchange differences, subsidiaries and associates 30 Sep 31 Dec Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 2014 2013 2014 2014 2014 2013 2013 2013 2013 Russian Operations -39-444 -18 525-103 -2-59 -43-28 Ukrainian Operations 1 874-20 Estonian Operations 542 58-102 478 108 566-266 992-588 Latvian Operations 197-73 -56 263 64 281-151 520-347 Lithuanian Operations 174-111 -59 281 63 294-137 517-296 Norwegian Operations -77-153 51-4 29-14 -45-9 -63 Robur, Ektornet and other -51-109 4 30 24 50-54 102-58 Total 746-832 -180 1 573 185 1 175-712 3 953-1 400 Specification of Hedging of net investment in foreign operations 30 Sep 31 Dec Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 2014 2013 2014 2014 2014 2013 2013 2013 2013 Russian Operations 24 232 12-289 68-1 44 30 21 Estonian Operations -467-158 66-304 -71-339 160-604 370 Latvian Operations -55 120 37-170 -41-179 96-331 219 Lithuanian Operations -141 27 33-162 -38-174 82-298 158 Norwegian Operations 28 85-32 -4-21 6 31-1 40 Robur, Ektornet and other -54-13 -6-29 -7-34 36-78 38 Total -665 293 110-958 -110-721 449-1 282 846 Specification of Cash flow hedges 30 Sep 31 Dec Q3 Q2 Q1 Q4 Q3 Q2 Q1 SEKm 2014 2013 2014 2014 2014 2013 2013 2013 2013 Group Treasury -152-137 37 6-58 -78-4 -1-16 Other -2-2 1 1 Total -154-139 37 6-58 -78-4 0-15 Intangible fixed assets, 30 September 2014 SEKm Indefinite useful life Goodwill Customer base Definite useful life Internally developed software Other Total Cost, opening balance, 1 January 2014 13 701 1 672 1 071 1 238 17 682 Additions through internal development 0 0 90 0 90 Additions through separate acquisitions 0 88 173 261 Sales and disposals 0 0 0-86 -86 Exchange rate differences 445 4 0 7 456 Cost,closing balance, 30 September 2014 14 146 1 764 1 161 1 332 18 403 Amortisation, opening balance 1 January 2014-802 -511-540 -1 853 Amortisation for the year -74-81 -84-239 Sales and disposals 0 0 71 71 Exchange rate differences 2 0-11 -9 Amortisation, closing balance, 30 September 2014-874 -592-564 -2 030 Impairments, opening balance, 1 January 2014-1 941-14 -174-42 -2 171 Impairments for the year 0 0 0 0 0 Sales and disposals 0 0 0 0 0 Exchange rate differences -233 0 0 0-233 Impairments, closing balance, 30 September 2014-2 174-14 -174-42 -2 404 Carrying amount, 30 September 2014 11 972 876 395 726 13 969 10

Net interest income analysis, Group Financial information, Group Net interest income analysis, Group YTD YTD % Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 SEKm 2014 2013 Y/Y 2014 2014 2014 2013 2013 2013 2013 2012 2012 Interest income Loans to credit institutions 596 581 3 174 222 200 98 175 193 213 285 369 Loans to the public 29 443 31 244-6 9 758 9 864 9 821 10 344 10 369 10 377 10 498 11 255 11 859 Interest-bearing securities 1 843 1 542 20 635 642 566 605 516 504 522 541 722 Derivatives, income -308 167-125 -42-141 -104-55 129 93-65 -78 Other 544 340 60 197 176 171 162 106 116 118 114 100 Total interest income 32 118 33 874-5 10 639 10 862 10 617 11 105 11 111 11 319 11 444 12 130 12 972 of which interest income reported in net gains/ losses on financial items at fair value 775 825-6 296 401 78 186 244 206 375 392 529 Interest income according to income statement 31 343 33 049-5 10 343 10 461 10 539 10 919 10 867 11 113 11 069 11 738 12 443 Interest expense Amounts owed to credit institutions -400-534 -25-93 -177-130 -122-181 -180-173 -236-276 Deposits and borrowings from the public -2 632-3 815-31 -684-964 -984-1 225-1 207-1 278-1 330-1 571-1 886 of which deposits guarantee fees -429-416 3-147 -138-144 -144-129 -149-138 -146-139 Debt securities in issue -12 919-14 089-8 -4 118-4 321-4 480-4 620-4 438-4 813-4 838-5 016-5 489 of which state guarantee fees -31-109 -72-12 -19-20 -21-39 -49-81 -85 Subordinated liabilities -547-502 9-205 -201-141 -123-126 -187-189 -192-254 Derivatives, expenses 1 964 1 965 0 664 670 630 693 619 626 720 487 305 Other -451-421 7-164 -144-143 -127-147 -127-147 -179-160 of which stability fee -405-377 7-140 -133-132 -114-131 -108-138 -147-134 Total interest expense -14 985-17 396-14 -4 600-5 137-5 248-5 524-5 480-5 959-5 957-6 707-7 760 of which interest expense reported in net gains/ losses on financial items at fair value -475-750 -37-86 -197-192 -231-254 -255-241 -315-402 Interest expense according to income statement -14 510-16 646-13 -4 514-4 940-5 056-5 293-5 226-5 704-5 716-6 392-7 358 Net interest income 16 833 16 403 3 5 829 5 521 5 483 5 626 5 641 5 409 5 353 5 346 5 085 Average balances Loans to credit institutions 95 399 83 693 14 101 956 97 381 87 409 76 917 78 859 83 654 86 728 95 499 104 827 Loans to the public 1 297 957 1 246 763 4 1 329 733 1 296 801 1 268 750 1 257 357 1 250 320 1 242 749 1 244 440 1 248 087 1 237 767 Interest-bearing securities 165 605 128 015 29 163 476 169 681 162 485 146 864 127 702 131 400 121 685 120 138 115 893 Interest-bearing assets 1 558 961 1 458 471 7 1 595 165 1 563 863 1 518 644 1 481 138 1 456 881 1 457 803 1 452 853 1 463 724 1 458 487 Derivatives 77 070 79 627-3 86 655 73 436 68 498 65 250 66 274 80 113 91 537 105 413 107 389 Other assets 376 114 353 245 6 392 785 388 632 325 955 318 224 343 584 371 646 351 582 327 863 329 738 Total assets 2 012 145 1 891 343 6 2 074 605 2 025 931 1 913 097 1 864 612 1 866 739 1 909 562 1 895 972 1 897 000 1 895 614 Amounts owed to credit institutions 140 932 133 648 5 144 592 152 998 121 986 127 352 126 568 138 108 134 745 128 808 129 620 Deposits and borrowings from the public 706 981 645 939 9 722 625 708 122 674 668 642 942 653 058 656 856 635 736 606 948 599 158 Debt securities in issue 793 394 767 833 3 820 819 797 928 759 603 756 244 758 305 772 543 769 554 797 194 807 728 Subordinated liabilities 16 712 12 581 33 18 424 18 670 14 509 10 117 10 405 13 126 14 025 13 995 15 801 Interest-bearing liabilities 1 658 019 1 560 001 6 1 706 460 1 677 718 1 570 766 1 536 655 1 548 336 1 580 633 1 554 060 1 546 945 1 552 307 Derivatives 61 622 71 119-13 66 268 58 391 57 890 56 900 58 671 70 000 82 874 96 484 102 377 Other liabilities 184 070 158 061 16 191 964 184 844 175 760 163 195 156 346 160 518 156 183 152 640 143 331 Total liabilities 1 903 711 1 789 181 6 1 964 692 1 920 953 1 804 416 1 756 750 1 763 353 1 811 151 1 793 117 1 796 069 1 798 015 Equity 108 434 102 162 6 109 913 104 978 108 681 107 862 103 386 98 411 102 855 100 931 97 599 Total liabilities and equity 2 012 145 1 891 343 6 2 074 605 2 025 931 1 913 097 1 864 612 1 866 739 1 909 562 1 895 972 1 897 000 1 895 614 Net interest income analysis, Group YTD YTD Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 % 2014 2013 2014 2014 2014 2013 2013 2013 2013 2012 2012 Average interest rates Loans to credit institutions 0.83 0.93-0.09 0.68 0.91 0.92 0.51 0.89 0.92 0.98 1.19 1.41 Loans to the public 3.02 3.34-0.31 2.94 3.04 3.10 3.29 3.32 3.34 3.37 3.61 3.83 Interest-bearing securities 1.48 1.61-0.13 1.55 1.51 1.39 1.65 1.62 1.53 1.72 1.80 2.49 Interest-bearing assets 2.73 3.05-0.32 2.65 2.74 2.79 2.98 3.04 3.04 3.09 3.30 3.55 Amounts owed to credit institutions 0.38 0.53-0.15 0.26 0.46 0.43 0.38 0.57 0.52 0.51 0.73 0.85 Deposits and borrowings from the public 0.50 0.79-0.29 0.38 0.54 0.58 0.76 0.74 0.78 0.84 1.04 1.26 Debt securities in issue 2.17 2.45-0.28 2.01 2.17 2.36 2.44 2.34 2.49 2.51 2.52 2.72 Subordinated liabilities 4.36 5.32-0.96 4.45 4.31 3.89 4.86 4.84 5.70 5.39 5.49 6.43 Interest-bearing liabilities 1.33 1.62-0.29 1.20 1.35 1.46 1.59 1.54 1.63 1.68 1.81 2.04 Net interest margin before trading interest are deducted 1.14 1.16-0.03 1.16 1.13 1.12 1.20 1.21 1.12 1.16 1.14 1.10 Net interest margin after trading interest are deducted 1.12 1.16-0.04 1.12 1.09 1.15 1.21 1.21 1.13 1.13 1.13 1.07 Interest-bearing securities are reported net less sold, not held, securities. Interest income on impaired loans is not accrued. In 2013 Swedbank decided to discontinue its operations in Russia and Ukraine. In Q2 2013 the divestment of the Ukrainan subsidiary was finalised. Income statements have been restated for 2012 but for balances and full time employees no restatements have been done. 11

Income analysis Financial information, Group Income analysis, Group YTD YTD % Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 SEKm 2014 2013 Y/Y 2014 2014 2014 2013 2013 2013 2013 2012 2012 Net interest income 16 833 16 403 3 5 829 5 521 5 483 5 626 5 641 5 409 5 353 5 346 5 085 Payment processing 571 620-8 170 214 187 198 184 205 231 233 258 Card commissions 1 726 1 630 6 633 587 506 531 579 556 495 549 567 Service concepts 358 316 13 119 118 121 110 108 104 104 86 85 Asset management & Custody 3 347 3 003 11 1 142 1 133 1 072 1 110 1 031 1 010 962 968 913 Life insurance 212 216-2 75 67 70 59 73 73 70 72 80 Brokerage & Other securities 294 201 46 86 95 113 65 67 42 92 63 55 Corporate Finance 306 187 64 56 124 126 163 54 90 43 124 26 Lending and Guarantees 872 721 21 296 289 287 262 244 274 203 212 201 Deposits 99 98 1 40 12 47 34 33 32 33 5 19 Real estate brokerage 228 126 81 79 83 66 43 46 49 31 44 38 Non-Life insurance 58 62-6 20 21 17 27 17 17 28 15 15 Other commission income 251 253-1 100 70 81 97 84 73 96 131 118 Net commission income 8 322 7 433 12 2 816 2 813 2 693 2 699 2 520 2 525 2 388 2 502 2 375 Financial instruments held for trading 1 379 1 525-10 55 806 518 438 404 508 613 605 383 Financial instruments intended to hold until maturity 538-502 744-33 -173 23-234 -212-56 225 304 Net gains and losses on financial items at fair value 1 917 1 023 87 799 773 345 461 170 296 557 830 687 Net insurance 407 466-13 123 134 150 181 129 144 193 127 147 Sparbanken Skåne/Färs & Frosta Sparbank 50 61-18 14-17 53 21 18 12 31 19 23 Swedbank Sjuhärad 105 95 11 38 34 33 32 34 30 31 29 36 Other jointly owned banks in Sweden 50 44 14 19 14 17 13 17 11 16 15 11 EnterCard Holding 1) 638 419 52 128 364 146 129 158 135 126 89 141 Other companies 44 24 83 22 15 7 14 13 9 2 2 14 Share of the profit or loss of associates 887 643 38 221 410 256 209 240 197 206 154 225 IT/administrative services to savings banks 587 558 5 200 203 184 208 196 190 172 180 205 Assets taken over 271 450-40 64 55 152 178 172 140 138 159 154 Other 2) 701 310 98 546 57 90 157 78 75 139 93 Other income 1 559 1 318 18 362 804 393 476 525 408 385 478 452 Total income 29 925 27 286 10 10 150 10 455 9 320 9 652 9 225 8 979 9 082 9 437 8 971 1) Q2 2014 One-off effect of SEK 230m due to terminated partnership Norway. 2) Q2 2014 one-off effect from the acquisition of Sparbanken Öresund, of SEK 461m. 12

99B 9B 99B 9B Expense analysis Financial information, Group Expense analysis, Group YTD YTD % Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 SEKm 2014 2013 Y/Y 2014 2014 2014 2013 2013 2013 2013 2012 2012 Staff costs Salaries and other remunerations 4 647 4 064 14 1 446 1 758 1 443 1 495 1 342 1 360 1 362 1 339 1 314 Variable staff costs 1) 607 670-9 202 205 199 277 213 232 225 157 184 Pension costs 1) 801 812-1 280 272 249 243 273 271 268 275 260 Social insurance charges 1) 1 485 1 279 16 456 576 453 465 422 439 418 403 405 Training costs 89 75 19 22 34 33 41 22 31 22 39 14 Other staff costs 178 177 1 63 56 60 53 56 58 63 51 52 Total staff costs 2) 3) 7 807 7 077 10 2 469 2 901 2 437 2 574 2 328 2 391 2 358 2 264 2 229 Other expenses Premises and rents 2) 1 060 874 21 274 422 364 319 293 292 289 318 299 IT expenses 1 347 1 159 16 445 463 439 491 404 402 353 415 359 Telecommunications and postage 118 107 11 34 42 42 34 32 33 41 56 55 Advertising, PR and marketing 270 240 13 92 104 73 114 71 99 70 120 57 Consultants 2) 324 178 82 72 188 64 87 49 79 50 62 51 Compensation to Savings Banks 541 500 8 192 180 169 162 168 162 170 165 147 Other purchased services 470 469 0 144 159 168 178 157 153 159 150 146 Security transport and alarm systems 62 186-67 22 19 21 21 45 60 81 93 95 Supplies 84 88-5 20 26 38 32 29 30 29 34 26 Travel 152 134 13 42 57 53 67 38 51 46 51 29 Entertainment 35 32 9 13 11 11 17 11 10 11 14 10 Repair/maintenance of inventories 94 118-20 32 33 29 40 47 35 36 29 34 Other expenses 2) 407 484-16 126 142 139 127 144 161 179 162 182 Total other expenses 4 964 4 569 9 1 508 1 846 1 610 1 689 1 488 1 567 1 514 1 669 1 490 Depreciation/amortisation 538 518 4 1870 172 179 221 179 168 171 209 201 Total expenses 13 309 12 164 9 4 164 4 919 4 226 4 484 3 995 4 126 4 043 4 142 3 920 IT-related expenses IT-related expenses 4) YTD YTD % Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 SEKm 2014 2013 Y/Y 2014 2014 2014 2013 2013 2013 2013 2012 2012 Expenses within internal IT-organisation (Group IT) Staff costs 777 663 17 245 262 270 257 219 219 225 240 209 IT expenses 686 683 0 226 231 229 244 228 233 222 224 213 of which software incl. licenses 353 330 7 123 117 113 111 107 115 108 117 117 of which IT-consultants 135 138-2 42 46 47 47 41 53 44 34 29 of which other bought IT-services 198 215-8 61 68 69 86 80 65 70 73 67 Leasing and depreciation of IT-equipment 103 99 4 36 33 34 35 32 32 35 32 35 Other expenses 312 335-7 99 102 111 117 112 118 105 125 120 Total expenses 1 878 1 780 6 606 628 644 653 591 602 587 621 577 Expenses outside internal IT-organisation (Group IT) IT expenses bought by business areas 628 476 32 191 227 210 246 176 169 131 191 146 Activated IT-related expenses 80 46 74 43 37 4 10 18 18 26 19 Total IT-related expenses 2 586 2 302 12 840 892 854 903 777 789 736 838 742 of which development cost 980 669 47 311 360 309 354 226 248 195 218 188 1) Social insurance charges and pension costs related to variable pay are presented as variable staff costs. 2) Q2 2014 one-off effects from the acquisition of Sparbanken Öresund, staff costs of SEK 393m, premises and rents of SEK 80m, consultancy of SEK 127m and other costs of SEK 15m. 3) During Q4 2013 SEK 100m was expensed for staff restructurings in Sweden and the Baltic countries. 4) IT-related staff costs outside the internal IT organisation are not included. 13

Variable pay Financial information, Group Allocations 1) SEKm Fullyear 2014 Q3 2014 Number of performance rights, million 2) % Cash vs. shares Duration period for shares 3) Delivery date for shares Programmes 2014 4) General programme Eken 2014 580 150 share part 478 social security charges 102 Individual programme 2014 315 70 of which cash 199 45 of which shares 116 25 share part 94 social security charges 22 Other 2014 2 0.4 Total allocations, 2014 897 221 Programmes 2013 General programme Eken 2013 430 share part 349 social security charges 81 Individual programme 2013 355 of which cash 224 of which shares 131 share part 105 social security charges 26 Other 2013 69 Total allocations, 2013 854 Programmes 2012 5) General programme Eken 2012 738 share part 559 social security charges 179 Individual programme 2012 322 of which cash 199 of which shares 123 share part 91 social security charges 32 Other 2012 111 Total allocations, 2012 1 171 2.6 expected 0.5 expected 2.2 current 0.7 current 4.7 current 0.8 current 100% shares ~60% cash & 40% shares 100% cash 100% shares ~60% cash & 40% shares 100% cash 100% shares ~60% cash & 40% shares 100% cash 50 months 50 months 50 months 50 months 50 months 50 months 2018 2018 2017 2017 2016 2016 Programmes 2011 5) General programme Eken 2011 600 share part 389 social security charges 211 Individual programme 2011 248 of which cash 147 of which shares 101 share part 63 social security charges 38 Other 2011 92 Total allocations, 2011 940 2.4 current 0.7 current 14.6 100% shares ~60% cash & 40% shares 100% cash 38 months for 50% of shares; 50 months for 50% of shares 50 months 2014 for 50% of shares & 2015 for 50% shares 2015 Income statement impact 2014 2013 SEKm Jan-Sep Jan-Sep General programme Eken 2014 104 Individual programme 2014 165 of which cash 144 of which shares 21 General programme Eken 2013 74 99 Individual programme 2013 25 188 of which cash 167 of which shares 25 21 General programme Eken 2012 132 125 Individual programme 2012 22 20 of which cash of which shares 22 20 General programme Eken 2011 61 129 Individual programme 2011 20 20 Individual programme 2010 3 38 Other 1 51 Total 607 670 Equity-settled share based programmes Notes: 1) Full-year allocation is a total expense for a certain programme incl. social charges. Any change in FY allocations impacts quarterly allocations for the current year programmes. Historical allocations are shown during the entire duration period. Balance sheet currency rates are used for conversion of allocations while average YTD currency rates are used for conversion of variable pay expenses in the P/L 2) Performance rights give full impact on dilution on delivery date and slightly differs from number of rights establishing the recognised share based expense. Current dilutive rights/future shares amount to 8.5 million 3) Duration period is comprised of i) an initial performance year followed by ii) a deferral period prior to iii) the delivery date year after the deferral period. The share part is recognised in the P/L over the duration period 4) Positive Economic Profit is a prerequisite for Eken and IP allocations. Size of Eken has direct connection to Group ROE 5) Allocations for shares year after the performance year take into account forfeited rights and include social charges based on the expected share price on the delivery date (assumed being equal to the current share price). Social charges include dividend compensation Recognised share based expense, including social insurance charges 6) FY 2011 FY 2012 FY 2013 2014 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 SEKm Jan-Sep expected expected expected expected expected TOTAL General programme Eken 2014 104 139 139 139 139 24 580 Individual programme 2014 21 28 28 28 28 4 116 General programme Eken 2013 111 74 102 101 100 16 430 Individual programme 2013 33 25 32 31 30 5 131 General programme Eken 2012 182 183 132 173 172 28 738 Individual programme 2012 28 32 22 30 29 4 123 General programme Eken 2011 164 156 198 61 71 11 600 Individual programme 2011 20 23 30 20 24 4 101 Total 184 389 587 459 599 515 329 188 28 2 819 6) Adjustments for actual outcome are usually included in share based expenses year after the performance year (same applies for the cash part) 14

Swedish Banking Business areas YTD YTD Δ % Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 SEKm 2014 1) 2013 Y/Y 2014 2014 1) 2014 2013 2013 2013 2013 2012 2012 Income statement Net interest income 10 048 10 172-1 3 372 3 362 3 314 3 448 3 473 3 368 3 331 3 354 3 405 Payment processing 55 166-67 15 40 20 24 47 95 70 89 Card commission 820 777 6 292 276 252 256 274 248 255 261 265 Service concepts 358 316 13 119 118 121 110 108 104 104 86 85 Asset management 2 704 2 440 11 919 921 864 880 840 791 809 802 785 Life Insurance 224 226-1 76 70 78 62 75 72 79 74 79 Brokerage & Other securities 295 209 41 75 134 86 87 61 70 78 67 54 Lending and guarantees 264 206 28 88 103 73 74 73 86 47 52 60 Deposits 37 41-10 21 2 14 12 12 15 14 12 12 Corporate finance 13 1 2 9 2 1 1 1 Real estate brokerage 228 126 81 79 83 66 43 46 49 31 44 38 Non-Life insurance 53 53 18 18 17 18 18 19 16 17 16 Other commissions 134 154-13 57 41 36 86 46 47 61 69 47 Net commission income 5 185 4 715 10 1 746 1 790 1 649 1 649 1 577 1 548 1 590 1 554 1 531 Net gains and losses on financial items at fair value 151 95 59 47 54 50 31 28 33 34 37 39 Net insurance 193 243-21 62 60 71 98 52 68 123 65 82 Share of the profit or loss of associates 886 640 38 220 410 256 210 239 197 204 155 224 Other income 755 320 120 553 82 100 122 102 96 95 133 Total income 17 218 16 185 6 5 567 6 229 5 422 5 536 5 491 5 316 5 378 5 260 5 414 Staff costs 3 250 2 609 25 971 1 360 919 888 877 871 861 834 820 Variable staff costs 158 163-3 55 52 51 67 48 67 48 20 42 Expenses for premises 419 363 15 111 188 120 143 130 119 114 147 128 IT expenses 371 362 2 133 146 92 135 122 133 107 138 106 Consultants 165 40 14 141 10 18 12 17 11 8 16 Other expenses 3 739 3 542 6 1 248 1 271 1 220 1 232 1 159 1 155 1 228 1 326 1 361 of which internally sold and bought services 2 640 2 414 9 854 895 891 855 812 776 826 902 1 005 Depreciation/amortisation 114 89 28 49 34 31 43 29 30 30 31 29 Total expenses 8 216 7 168 15 2 581 3 192 2 443 2 526 2 377 2 392 2 399 2 504 2 502 Profit before impairments 9 002 9 017-0 2 986 3 037 2 979 3 010 3 114 2 924 2 979 2 756 2 912 Impairment of intangible assets Impairment of tangible assets Credit impairments 99 198-50 43 25 31 140 107 36 55 90 72 Operating profit 8 903 8 819 1 2 943 3 012 2 948 2 870 3 007 2 888 2 924 2 666 2 840 Tax expense 1 848 1 901-3 645 563 640 616 647 623 631 445 746 Profit for the period from continuing operations 7 055 6 918 2 2 298 2 449 2 308 2 254 2 360 2 265 2 293 2 221 2 094 Profit for the period from discontinued operations, after tax Profit for the period including non-controlling interest 7 055 6 918 2 2 298 2 449 2 308 2 254 2 360 2 265 2 293 2 221 2 094 Profit for the period attributable to: Shareholders of Swedbank AB 7 041 6 909 2 2 292 2 445 2 304 2 249 2 354 2 264 2 291 2 222 2 090 Non-controlling interests 14 9 56 6 4 4 5 6 1 2-1 4 1) Q2 2014 one-off effects from the acquisition of Sparbanken Öresund, other income of SEK 461m, staff costs of SEK 393m, premises and rents of SEK 80m, consultancy of SEK 127m, other costs of SEK 15m and a positive effect on tax expenses of SEK 135m. 15

Swedish Banking Business areas YTD YTD Δ % Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 SEKbn 2014 2013 Y/Y 2014 2014 2014 2013 2013 2013 2013 2012 2012 Balance sheet (Incl intra-group transactions) Assets Cash and balances with central banks 1 1 Loans to credit institutions 43 37 16 43 43 41 41 37 30 40 33 29 Loans to the public 1 005 925 9 1 005 987 949 937 925 919 915 912 909 Bonds and other interest-bearing securities 2 Financial assets for which customers bear inv. risk 136 117 16 136 134 124 120 117 112 110 102 102 Derivatives Other assets 14 13 8 14 12 12 12 13 12 13 14 14 Total assets 1 198 1 092 10 1 198 1 178 1 126 1 110 1 092 1 073 1 078 1 062 1 055 Liabilities and equity Amounts owed to credit institutions 78 77 1 78 82 78 83 77 74 80 73 69 Deposits and borrowings from the public 405 378 7 405 405 382 385 378 378 371 377 371 Debt securities in issue 2 2 2 Financial liabilities for which customers bear inv. risk 137 119 15 137 134 128 124 119 115 114 103 103 Derivatives Other liabilities 540 486 11 540 519 506 485 486 473 480 478 480 Subordinated liabilities Allocated equity 36 32 13 36 36 32 33 32 33 33 31 32 Total liabilities and equity 1 198 1 092 10 1 198 1 178 1 126 1 110 1 092 1 073 1 078 1 062 1 055 Key figures Key performance indicators Return on allocated equity, % 28.0 28.1 25.9 29.7 28.3 27.7 28.6 27.8 28.1 27.9 25.4 Cost/Income ratio 0.48 0.44 0.46 0.51 0.45 0.46 0.43 0.45 0.45 0.48 0.46 Common Equity Tier 1 capital ratio, % 3) 17.0 14.6 17.0 17.2 14.6 13.4 14.6 14.1 14.5 13.7 13.7 Credit impairment ratio, % 0.01 0.03 0.02 0.01 0.01 0.06 0.05 0.02 0.02 0.04 0.03 Loan/Deposit ratio, % 250 244 250 246 250 244 244 243 246 242 245 Volumes, SEKbn Loans to the public excluding repos & SNDO 1) 2) 1 005 925 9 1 005 987 949 937 925 919 915 912 909 Deposits from the public excluding repos & SNDO 1) 2) 402 378 6 402 401 379 385 378 378 371 377 371 Mutual funds & insurance 560 479 17 560 551 515 504 479 463 459 431 412 Index linked bonds 9 11-18 9 9 10 10 11 12 13 14 16 Allocated equity, average, SEKm 33 544 32 758 2 35 386 32 950 32 581 32 491 32 938 32 586 32 646 31 868 32 927 Common Equity Tier 1 capital, period end 30.8 29.1 6 30.8 30.7 27.6 27.1 29.1 28.3 29.4 27.7 29.1 Risk exposure amount 3) 4) 181 200-10 181 179 190 202 200 201 204 202 212 Commitments 116 103 13 116 113 109 107 103 110 99 101 107 Full-time employees 2) 5 448 4 961 10 5 448 5 446 4 996 4 984 4 961 4 921 4 853 4 893 4 869 Other information (millions) Number of Internet bank customers (incl. savings banks) 3.7 3.5 4 3.7 3.6 3.6 3.6 3.5 3.4 3.5 3.5 3.4 Number of internet bank payments (incl. savings banks) 131.0 148.9-12 41.3 44.1 45.6 21.3 55.1 44.3 49.5 50.8 46.1 Number of Mobile bank customers (incl. savings banks) 1.9 1.5 28 1.9 1.8 1.7 1.6 1.5 1.3 1.3 1.2 1.1 Number of logins in Internetbank 190.6 204.1-7 59.6 64.7 66.3 66.3 63.9 71.5 68.7 69.4 66.0 Number of logins in Mobile Bank 307.9 234.9 31 114.4 105.0 88.5 91.7 88.7 80.8 65.4 59.2 58.3 Number of cards (debit cards) 3.9 3.9 0 3.9 3.9 3.8 3.8 3.9 3.9 3.8 3.8 3.8 Number of card purchases 722.5 664.1 9 254.9 247.7 219.9 232.3 238.9 227.6 197.6 214.4 208.5 POS/total card turnover, % 5) 77.1 74.6 77.1 77.2 77.0 75.9 74.5 74.8 74.5 73.6 71.8 Number of card acquiring, Nordic Countries 1 224.2 1 108.3 10 430.9 422.4 370.8 396.3 390.4 381.1 336.9 354.8 349.6 Total acquired amount, Nordic Countries, SEKm 320 786 294 795 9 113 570 112 589 94 628 106 652 104 587 102 725 87 483 97 495 95 328 1) Excluding intra-group transactions. 2) Q2 2014 effects from the acquisition of Sparbanken Öresund, Loans SEK 16.5bn, Deposits SEK 12bn, Full-time employees 448. 3) During Q2 2014, implementation of IRB-A decreased REA with SEK 34bn and aquisition of Öresund and investment in Sparbanken Skåne increased REA with SEK 16bn. 4) Risk exposure amount is reported according to Basel 3. 2012 and 2013, Risk exposure amount is reported according to Basel 2. 5) Point of Sale (POS). 16