Handelsbanken sells SPP to Storebrand

The transaction Handelsbanken Handelsbanken SPP Livförsäkring AB Handelsbanken Liv SPP Irland (3) Fonder AB SPP Fonder AB Varumärkes AB Nordben Included in the transaction 50% SPP Livförsäkring AB and related subsidiaries are being sold for SEK 18.0bn in cash. The following companies are also included in the transaction SPP Fonder SPP Ireland(1) Handelsbanken Varumärkes AB 50% share of Nordben Capital gain of approx. SEK 4.0(2) bn During a transitional period, SPP's assets will continue to be managed by Handelsbanken Handelsbanken’s mutual funds will be part of Storebrand's range Storebrand has an exclusive right, within a two-year period, to acquire Handelsbanken Liv's occupational pensions portfolio (1) Only occupational pensions – the remainder stays with Handelsbanken Liv (2) Before any restructuring costs (3) Handelsbanken Life & Pension’s name is being changed to SPP Irland Handelsbanken

A good deal for all parties Customers Access to a broader range of competitive and innovative solutions Become customers of a Nordic occupational pensions company with a strong track record Carefully selected purchaser Employees Will move to a group with an explicit focus on occupational pensions Storebrand is one of the oldest life insurance companies in the Nordic region Storebrand plans to invest in the Swedish operations Storebrand Will gain a strong position on the Swedish occupational pensions market SPP is one of the leading insurance companies with a strong brand name and broad distribution Gains new and unique expertise Handelsbanken An attractive offer Frees up resources The Group's complexity, risks and volatility in the financial results will decrease Handelsbanken

Why Handelsbanken is selling SPP Focus on core business SPP's products are sold via different channels than the Bank's branches Handelsbanken Liv will continue to focus on long-term savings Increased value An attractive offer- SEK 18.0 bn for SPP - values SPP at 14.5 times profits 06PF (2006 pro forma) (1) Makes a capital gain of approx. SEK 4.0bn (1) Positive impact on RoE and EPS compared with consensus estimates Reduced risk exposure Capital can be used for organic growth and buyback of shares Tier 1 capital ratio rises by around 20bp before buybacks Volatility in the Bank’s financial results reduced A good deal for all parties Partnership with Storebrand benefits customers, employees and shareholders Increased value for the shareholders (1) Excluding Deferred capital contribution and hedge (2) Profit before possible provisions Handelsbanken

Why Handelsbanken is selling SPP Reduced financial risks in SPP The right time Reduced volatility in Handelsbanken's income statement Change in deferred capital contribution incl. hedges, net Handelsbanken

Why Handelsbanken is selling SPP Improved administration result (incl. SPP Fondförsäkring) The right time Growth in premium income and new premiums, SPP Handelsbanken * Excluding a major portfolio transfer of SEK 7.7bn.

SPP over a six-year period – cash flow summary SEK bn + 2.7 - 7.1 + 0.7 Operations ~ + 1.5 - 7.8 - 15.3 18,0 - 2.6 Acquisition 2001 Capital- isation Net DCC Asset Manage-ment Yield split Other operations Tax effects Total excl. subordinated loans Sales price Financed with Tier 2 capital Handelsbanken

Handelsbanken Liv – a vital part of Handelsbanken’s customer offering focuses on long-term savings is fully integrated with the branch operations is an important part of the Bank’s product range – insurance is necessary in order to offer a complete range of products will in future be reported within the Asset Management business area Handelsbanken

Lower volatility - reduced risk Key figures 30 June 2007 Handels-banken Liv SPP and subsidiaries Share Assets managed (SEK bn) of which: 64.5 125.5 - Unit-linked (SEK bn) 36.3 56% 31.0 25% - Traditional (SEK bn) 28.2 44% 94.5 75% Profit after tax (SEKm) 223 487 Share Handelsbanken moves from traditional insurance to a higher proportion of unit-linked insurance Life expectancy risks are reduced Exposure to asymmetric market risks (yield split/DCC) is reduced Handelsbanken

Financial effects of the transaction Profit Volatility substantially reduced following the sale of SPP Earnings per share expected to increase from 2008 relative to consensus estimates Capital Capital can be used for organic growth and/or buyback of shares Tier 1 capital ratio goes up by around 20bp before buyback of shares Return on equity Equity is re-invested in operations with higher return or returned to the shareholders Return on equity is expected to increase from 2008 relative to consensus estimates Handelsbanken

Appendix: Key figures, pro forma Handelsbanken Liv SPP and subsidiaries 30 Jun 2007 31 Dec 2006 Balance sheet Assets managed (SEK bn) 64.5 58.9 125.5 112.1 Subordinated loans (SEK m) 1 129 1 600 Income statement (SEK m) Premium income 4 627 8 465 4 916 8 170 Administration result 77 124 70 43 Risk result 104 218 127 352 Financial result Of which DCC and hedges 35 -4 212 -3 2 54 1 579 +1 045 Profit after tax 223 558 487 2 056 Handelsbanken