SEB — Capital/Financing Update 2009

Sep 25, 2009

Stockholm, 25 September 2009

PRESS RELEASE

SEB has completed its hybrid capital issue

SEB has completed one of the two capital enhancing measures as communicated on Monday this week. The issue of its EUR 500m of non-innovative capital contribution securities was highly successful. The final orderbook was four times oversubscribed after having been initially more than tenfold the size of the issue at higher price guidance. The issue priced at 9.25 percent, equivalent to midswaps +640 bps.

The tender for SEB's two USD denominated capital contribution securities with first call dates in March 2014 and March 2015 respectively, is still in the process.

SEB is a North European financial group serving some 400,000 corporate customers and institutions and five million private individuals. SEB offers universal banking services in Sweden, Germany and the Baltic countries - Estonia, Latvia and Lithuania. It also has local presence in the other Nordic countries, Poland, Ukraine and Russia and a global presence through its international network in major financial centers. On 30 June 2009, the Group's total assets amounted to SEK 2,374bn (~EUR 220bn) while its assets under management totalled SEK 1,267bn (~EUR 120bn).The Group has about 20,500 employees. Read more about SEB at www.sebgroup.com.

_____________________________________________ For further information, please contact: Ulf Grunnesjö, Head of Investor Relations, +46-70 763 85 01