Michael Wolf has never paid for any shares in the company, has never seen a shareholder letter or any other documentation confirming a stake hold. He has also not invested in the fund being referred to in media. Michael Wolf invested some years ago in one of the company’s earlier funds but sold the stake hold in 2001 when he resided in Germany.

Michael Wolf and Magnus Peterson, CEO and founder of Weavering Capital, were colleagues during the period 1992 to 1994 at SEB in London. Magnus Peterson has since some years back used Michael Wolf as a standing employment reference.

Michael Wolf has through the employment reference only confirmed that Magnus Peterson previously worked at SEB. In addition they are both members of a small group of circa ten individuals from SEB that occasionally meet annually to play golf. The relationship does not extend beyond this description.

Michael Wolf intends to thoroughly investigate how the claims of a stake hold in Wearing Capital have materialised.


For further information:
Michael Wolf, President and CEO, Swedbank, phone: +46 8 585 927 66
Thomas Backteman, Head of Corporate Affairs, Swedbank, phone: +46 708 31 11 66
Anna Sundblad, Press Officer, Swedbank, phone: +46 70 321 39 95