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SBAB BANK AB (84LU)

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Thursday 12 May, 2011

SBAB BANK AB

Early Repurchase

Early Repurchase

Bank of New York Mellon

Please be advised the following issue has been repurchased for SEK 100,000,000 on 13/5/11

Issue: SBAB - Series: 522 - ISIN: XS0425935243 - Maturity Date: 17/08/2011

- O/S Nominal: SEK 2,706,000,000

The outstanding balance will therefore be SEK 2,606,000,000

Please amend your records accordingly.