Restatement of financial effects following mino...

During the first quarter of 2011, some of the large corporate and institutions
related activities in the Baltic countries were moved from the Merchant Banking
division to the Baltic division. The Baltic parts of the business units Trading
Capital Markets and Global Transaction Services in Merchant Banking previously
operated in a matrix organisation with Merchant Banking having responsibility
for product governance. These product units have now from a reporting and
governance perspective been integrated into the Baltic Division as SEB in the
Baltic countries offers universal services and the business is primarily
concuted as a retail operation.

The income statements for 2009 and 2010 for the two divisions have been restated
to reflect this alignment. Also, the restated numbers reflect other minor
alignments of the management organisation such as further centralisation of the
Treasury activities. The majority of all common costs previously held centrally
have also been allocated to the divisional level. The income statements for all
divisions and support functions have been restated for 2010 accordingly.

Information of the financial effects from the above changes is available at
www.sebgroup.com/ir. The presentation on the website outlines financial effects
of the the restatement for the full-year 2010 and encompasses the divisions of
the Group. SEB's Group results are unchanged. An excel spreadsheet with the
quarterly figures for 2009 and 2010 is also available.


For further information, please contact

Ulf Grunnesjö, Head  of Investor Relations
[phone], [phone]
[e-mail]


SEB is a leading Nordic financial services group. As a relationship bank, SEB in
Sweden and the Baltic countries offers financial advice and a wide range of
financial services. In Denmark, Finland, Norway and Germany the bank's
operations 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 its presence in 20 countries worldwide.
On 30 June 2010, the Group's total assets amounted to SEK 2,318bn while its
assets under management totalled SEK 1,328bn. The Group has about 20,000
employees. Read more about SEB at www.sebgroup.com.



Press release PDF: 


http://hugin.info/1208/R/1506613/441386.pdf




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Source: SEB via Thomson Reuters ONE

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