FöreningsSparbanken is establishing banking operations in Denmark, starting in Copenhagen. Operations are slated to begin in the spring of 2005 with one branch centrally located in Copenhagen. Negotiations with the property owner are expected to be finalized shortly. “This expansion is a natural element in the bank’s development in the Öresund region, where a growing number of our customers, both private and business, are doing business in or with Denmark,” says Lennart Haglund, Vice President of FöreningsSparbanken and Head of the Southern Region. The Copenhagen branch will be part of the bank’s Southern Region, which will change its name to the Öresund Region. “The first branch will begin with 10-12 employees, and our aim is to build operations in Denmark from there. There is a great demand from our customers and we anticipate that in the next two years we will open another branch in Copenhagen and one in Helsingör,” adds Lennart Haglund. The Danish operations will offer service to all FöreningsSparbanken customers in Sweden who need a business partner on site. Branch operations will be organized in similar fashion as in Sweden. Financial advisors for individuals and businesses will be available. A local board of directors will be appointed. The local bank president in Copenhagen will be Peter Nordblad. For further information, please contact: Lennart Haglund, Vice President and Head of the Öresund Region, phone +46 40 24 28 02, +46 70 557 51 29 e-mail: lennart.haglund@foreningssparbanken.se