Swedbank Robur acquires Banco Fonder AB

Press Release 29 September 2008

Swedbank Robur acquires Banco Fonder AB

Swedbank Robur is to acquire Banco Fonder AB, which has managed assets totalling
just over SEK 8 billion. The acquisition is scheduled for completion 20th
January 2009  when the purchase price will be paid.  

“Swedbank Robur's acquisition of Banco Fonder reinforces the Swedbank Group's
asset management offering and will enable us to offer our customers an even
wider range of investment alternatives in the ethical investments field,” says
Jan Lidén, President & CEO of Swedbank. 

Banco Fonder AB currently has ca. 128,000 customers and 26 different mutual
funds, and was previously part of Alfred Berg Kapitalförvaltning AB. 

“The acquisition reinforces our position as the Nordic region's leading asset
manager. Banco's expertise and position in the field of ethical investments also
complement our own successful focus on the Ethica family of mutual funds,” says
Mats Lagerqvist, President of Swedbank Robur.

The acquisition will have only a very marginal effect on Swedbank's key ratios. 


For further information, please contact:
Mats Lagerqvist, President of Swedbank Robur, tel: +46 (0)8 585 924 11
Sara Hägg, Press Liaison, Swedbank Robur, tel: +46 (0)730 45 27 57