SEB further consolidates a strong core capital ...

SEB has successfully completed the tender to buy-back GBP 400m of
subordinated debt at 75 per cent of par as was communicated on 16
June 2009. The two loans included in the tender both had short
remaining maturity to call date; GBP 225m of the acquired volume
referred to a subordinated loan with a call date in 2010 and GBP 175m
to a call date in 2011.


As a consequence, SEB will record a capital gain of approximately SEK
1.3bn in the second quarter results of 2009 since the notes are
repurchased at a discount. The capital gain will thus add 16 basis
points to SEB's core tier 1 capital ratio. At the end of March 2009,
the core tier 1 ratio was 10.2 per cent and the tier 1 ratio was 12.0
per cent applying Basel II without transitional rules. The effect on
the total capital ratio is net negative around 40 basis points (14.3
per cent at 31 March 2009).

The capital action shall be seen in light of SEB's strategy to be
well-capitalised and to upgrade the quality of capital.


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, Ukraine and Russia and
a global presence through its international network in major
financial centres. On 31 March 2009, the Group's total assets
amounted to SEK 2,460bn (~EUR 225bn) while its assets under
management totalled SEK 1,187bn (~EUR 108bn).The Group has about
21,000 employees. Read more about SEB at www.sebgroup.com

_____________________________________________
For further information, please contact:
Ulf Grunnesjö, Head of Investor Relations, [phone], + 46 70
763 8501
Press contact: Elisabeth Lennhede, [phone]


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.