Riksgälden

The Swedish National Debt Office has today appointed new boards of directors for Carnegie Investment Bank AB and Max Matthiessen Holding AB. Carnegie Investment Bank Peter Norman (Chairman), CEO at the Seventh Swedish Pension Fund. Norman has more than 20 years of experience from the financial industry, e.g. as CEO of Alfred Berg Asset Management and as Director of the Riksbank. Henrik Dagel, Senior Investment Manager at Swedfund since 2008. Dagel has previously worked in corporate finance at Handelsbanken Markets, Carnegie and in his own business. Adine Grate Axén, member of the Advisory Committee to divest State Owned Enterprises and former Director of Investor AB. Axén has also been Head of Corporate Finance and Equity Capital Markets at Investor. At present, she is Advisor and Executive Board member of 3 Scandinavia. She is also a member of the Swedish Securities Council. Lars Linder-Aronson, Chairman and Partner of Tanglin Asset Management AB. More than 20 years of experience from ...

The Swedish National Debt Office will issue swaps during 2009 and 2010 for amounts corresponding to SEK 45 and 25 billion respectively. In our latest forecast, we estimated issuing SEK 50 billion in each of these years.

The business within Carnegie Investment Bank and Max Matthiessen continues as usual with the Swedish National Debt Office as new owner. On November 10 2008 the ownership of Carnegie Investment Bank and Max Matthiessen Holding was transferred from the listed company D. Carnegie & Co to the Swedish National Debt Office. The National Debt Office is the central Government's financial manager. The transfer occurred following the revocation by the Financial Supervisory Authority of Carnegie Investment Bank's licenses to conduct banking and securities business. As a result of the National Debt Office assuming ownership, the company's licenses were reinstated.

The Swedish National Debt Office has at 3.02 p.m. taken over the shares posted as collateral for the loan Carnegie received today. This support loan replaced the loan the Riksbank earlier has given to Carnegie. This means that the Debt Office now controls Carnegie Investment Bank AB and Max Matthiessen Holding AB. These were previously subsidiaries of D. Carnegie & Co AB - a company quoted on the Stockholm stock exchange - and directly or indirectly responsible for all the business operations in the Carnegie group.

Swedish central government payments gave a surplus of SEK 0.2 billion in October. The Debt Office's latest forecast was a deficit of SEK 11.2 billion. The difference is mainly explained by lower interest payments on central government debt and higher tax revenue.

The Swedish National Debt Office continues as planned to issue extra T-bills. Dates and preliminary volumes for the coming auctions:

Swedish central government finances are deteriorating. The current financial crisis is dampening economic growth and will make it more difficult to sell state assets. Together this means that the surpluses of recent years are turning into deficits and that central government borrowing is increasing.

The Swedish National Debt Office continues, as planned, to issue T-bills in additional auctions. The plan for the coming auctions looks as follows.

Central government payments in September gave a surplus of SEK 54.0 billion. The surplus was thus SEK 5.5 billion lower than the Debt Office's latest forecast.

The Swedish National Debt Office has to date issued almost SEK 93 billion worth of treasury bills in additional auctions. We plan to continue with these auctions.