SEB — Capital/Financing Update 2011

Mar 2, 2011

Regarding the annulment of bond issues

Regarding the annulment of bond issues

Vilnius, Lithuania, 2011-03-02 17:35 CET (GLOBE NEWSWIRE) -- SEB Bank resolved
on annulment of the issue of bonds „SEB Africa“ linked to African stock index
BNP Paribas Africa Funds Index Excess Return EUR that were placed on 1-28
February, 2011. Due to instability of the situation in the region of North
Africa, said bonds did not attract investors' attention. The total nominal
value of the bonds is lower than that established in the final terms of the
bond issue, therefore, SEB Bank announces that the bond issues are deemed
abandoned and annulled.

     Rolandas Sungaila
     Director
     Trading and Capital Markets
     (8 5) 268 2436