HANSAPANK

ANNOUNCEMENT



REITING UPGRADE



Today Moody’s Investors Service announced that it raised Hansapank’s

long- and short-term deposit ratings to Baa1/Prime-2.



Moody’s said that the rating action is based on the increased

likelihood that in a stress situation it will receive support from

Swedbank, its majority shareholder, rated by Moody’s at Aa3/Prime-1.

At the end of 1999 Swedbank increased its holding in Hansapank to

52.64%. As a result Hansapank has become a subsidiary that is

consolidated into Swedbank’s financial results.



Hansapank’s ratings are:

Long-term deposit rating: Baa1

Short-term deposit rating: Prime-2

Financial strength rating: D+ (unchanged)





Mart Tõevere

Investor relations

+372 6131 569