Penny Hughes to leave the SEB Board

Penny Hughes, Director of the SEB Board since 2000, will leave the
Board as of 20 October, 2009. The resignation follows the
announcement that Penny Hughes has been elected independent Director
of the Board of Royal Bank of Scotland plc as of 1 January 2010.


"On behalf of the SEB Board I would like to thank Penny Hughes for
her strong contribution and significant commitment to SEB over the
past nine years, "says Marcus Wallenberg, Chairman of the Board.


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:
Viveka Hirdman-Ryrberg, Head of Corporate Communications +46-70 550
35 00, [phone]


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