Tallinn Stock Exchange            PRESS RELEASE                   22.03.2005



FöreningsSparbanken increases the offer to the shareholders of Hansabank to 

EUR 13.50 per share 



On 1 March 2005 FöreningsSparbanken AB (“FöreningsSparbanken”) made a cash 

offer to the shareholders of AS Hansapank (“Hansabank”) for acquiring all 

shares of Hansabank not already owned by FöreningsSparbanken (the “Offer”).



FöreningsSparbanken hereby announces that it increases the price of the Offer 

from EEK 172.11 (EUR 11.00) to EEK 211.23 (EUR 13.50)  per share and waives 

the condition that shareholders should give acceptances to the Offer to such 

an extent that FöreningsSparbanken will hold at least ninety five per cent 

(95%) of all shares in Hansabank. The increased price of the Offer represents 

a premium of 28 per cent compared to the closing price on 10 February 2005, 

the day before FöreningsSparbanken’s announcement of its intention to make 

the Offer.



“The acquisition of the outstanding shares of Hansabank is an important step 

in our strategy in building a leading Nordic-Baltic bank. The decision of 

the board of FöreningsSparbanken to increase the price of the offer is based 

on the belief that the certainty and clarity of our strategy regarding 

Hansabank outweighs the disadvantage of paying the higher price”, says 

Carl Eric Stålberg, Executive Chairman of FöreningsSparbanken.



The described increase of the price of the Offer shall apply retroactively 

also to those Hansabank shareholders who have already given their acceptance 

to the Offer.



FöreningsSparbanken intends to buy shares in Hansabank also over the market. 

The price paid per share in such transactions will not exceed the increased 

price of the Offer.



For detailed terms and conditions of the Offer, please see the prospectus 

regarding the Offer, which is made available on the website of the Tallinn 

Stock Exchange (www.ee.omxgroup.com) and at Hansabank, which is the local 

execution agent for the Offer, address Liivalaia 8, Tallinn 15040, Estonia.





For further information, please contact:



Carl Eric Stålberg, Executive Chairman, FöreningsSparbanken, phone +46 8 58 59 12 96

Jan Lidén, President and CEO, FöreningsSparbanken, phone +46 8 58 59 22 27

Henrik Kolga, Head of Corporate Communications, FöreningsSparbanken, phone 

+46 708 11 13 15