PRESS RELEASE

Moody's Investors Service has today the 4th of August 2003 assigned A2
long-term and Prime-1 short-term deposit ratings and a C+ financial
strength rating (FSR) to Landshypotek AB.

Moody's considers the outlook for these ratings to be stable.

For further information please contact Åke Källström +46 8 459 04 87,
Patrik Liljedahl +46 8 459 04 15 or Börje Haglund +46 8 459 04 03.