SEB increases its ownership of Amagerbanken

SEB increases its ownership of Amagerbanken

SEB has purchased 239,434 shares in Amagerbanken, or 12 per cent, at
market price, which means that SEB's total shareholding in Amagerbanken
now corresponds to 30.37 per cent of the total number of shares in
Amagerbanken. Thereby, SEB's total shareholding in Amagerbanken is 607
449 shares at par value of DKK 100 per share, corresponding to a total
par value of DKK 60 744 900.

SEB has been operating in Denmark since 1994, when the Bank took over
Diners Club. Since 1997, SEB carries on banking activities in Denmark
and has grown within several areas such as bond trading,
Internet/Telephone banking, Asset Management and Investment Banking.

- SEB has been a shareholder in Amagerbanken since 1999. We were
recently offered to buy additional shares in Amagerbanken, which we
regard as a good bank with an interesting profile and customer
structure. In addition, the bank is located in the attractive growth
area around Copenhagen. We have consequently decided to accept the offer
and believe that this will open new opportunities for co-operation
within some areas, which can be beneficial to our customers, says
Fleming Carlborg, Executive Vice President SEB.

For further information please contact
Fleming Carlborg, Executive Vice President SEB, Telephone [phone]
1913
Gunilla Wikman, Head of Group Communications, SEB, Telephone [phone]
25 or [phone]

SEB is a North-European banking group operating in Sweden, Germany, the
Baltic countries and the rest of the Nordic region. SEB offers its
services both to private individuals and the largest multinationals. On
30 June 2002, SEB had a total staff of 19,400, of which approximately
9,500 in Sweden. SEB has a total of 4.5 million customers and close to
600 branch offices in Sweden, Germany and the Baltic countries.

SEB operates in Denmark since 1997 (through Diners since 1994) and has
about 385 employees at present:
·    SEB Merchant Banking and Securities Services work with large
companies and financial institutions within bond trading and custody
services, among other things
·    SEB A/S offers private customers retail and private banking
services
·    SEB Kort includes Diners Card and Eurocard
·    SEB Asset Management is one of the most important asset managers in
Denmark, with about DKK 80 billion in total assets under management
·    Enskilda Securities is engaged in equity trading, equity research
and corporate finance
·
Amagerbanken is Denmark's seventh largest bank and has a strong position
in the growth region Öresund. The bank has 490 employees and 26 branch
offices in the Copenhagen region, Århus and Odense. Amagerbanken has
approximately 110,000 private and corporate customers and offers a broad
range of banking services, including special housing and car loan
solutions, retirement savings and corporate leasing.
Last year total income amounted to DKK 612 M, while income after tax was
DKK 117 M.]

More information about SEB is found on www.seb.net or www.seb.dk.