SEB

Capital/Financing Update • Aug 28, 2024

Stockholm 28 August 2024

SEB issues Additional Tier 1 Capital

SEB issues Additional Tier 1 Capital (AT1) to optimise its capital structure. The SEK 5 billion issuance has a coupon of 3M STIBOR + 280 basis points and an issue price of 100 per cent.

The loan is perpetual but SEB has the option to redeem the loan after five years, and any time thereafter. The issuance is in the form of a debt instrument with automatic conversion into Class A shares if the Common Equity Tier 1 ratio of SEB falls below a certain level.

The issuance of AT1 capital is part of SEB's capital planning.

The issuance will be subscribed and allotted to the joint lead managers. The settlement date is September 3, 2024. The instrument will be listed on Nasdaq Stockholm.

For further information, contact: Pawel Wyszynski, Head of Investor Relations +46 70 462 2111 pawel.wyszynski@seb.se

Niklas Magnusson, Head of Media Relations & External Communication +46 70 763 8243 niklas.x.magnusson@seb.se

SEB is a leading northern European financial services group with international reach. We exist to positively shape the future with responsible advice and capital, today and for generations to come. By partnering with our customers, we want to be a leading catalyst in the transition to a more sustainable world. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, we have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in our presence in more than 20 countries worldwide, with around 18,000 employees. At 30 June 2024, the Group's total assets amounted to SEK 4,152bn while assets under management totalled SEK 2,666bn. Read more about SEB at sebgroup.com.