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Swedbank: Lars Idermark resigns from the Board of Directors of Aleris

3 April 2016

Lars Idermark, who has been proposed as Chair of the Board of
Directors in Swedbank by the Nomination Committee, has informed the
main owners in Aleris that he wishes to resign as Chair of the Board
of Directors of Aleris with immediate effect.

The Nomination Committee of Swedbank and the Board of Directors in
Swedbank as well as the Board of Directors in Södra have also been
informed of the decision.

"By resigning as Chair of the Board of Directors of Aleris, I am
taking the consequences from the additional workload that will arise
from the chairmanship in Swedbank. This will make it possible for me
to act as CEO of Södra and Chair of Swedbank in full", says Lars

For further information, please contact:
Claes Warrén, Acting Press Manager, Swedbank, telephone +46 70 375 00

Swedbank promotes a sound and sustainable financial situation for the
many people, households and companies. Our vision is to contribute to
development "Beyond Financial Growth". As a leading bank in the home
markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a
wide range of financial services and products. Swedbank has over 7
million retail customers and around 600 000 corporate customers and
organisations with 275 branches in Sweden and 144branches in the
Baltic countries. The group is also present in other Nordic
countries, the US and China.

As of 31 December 2015 the group had total assets of SEK 2 149
billion.


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