SEB acquires GMAC Commercial Finance in Poland

SEB has reached an agreement with GMAC Commercial Finance (GMAC CF)
to acquire its Polish factoring and promissory note discounting
operation, GMAC CF Sp. z o.o. The acquisition is expected to be
completed by 31 July, 2008.


- Poland is a rapidly growing economy where we see strong demand for
factoring and related products and services. SEB's clients will
benefit from this acquisition which enhances our offering in Poland
and brings to SEB the experienced staff and management team of GMAC
CF Sp. z o.o, says Juergen Baudisch, head of SEB in Poland.

Following the acquisition, SEB offers its corporate customers a wide
range of solutions in financing, cash management, trade finance,
foreign exchange, leasing, vendor solutions and factoring in Poland.

SEB Enskilda acts as sole financial advisor to SEB in connection with
the transaction.

About GMAC Commercial Finance Sp. z o.o
Established in 2004, GMAC CF Sp. z o.o, is the largest independent
factoring company in Poland with 29 employees, headquartered in
Warsaw.

About GMAC Financial Services
GMAC Financial Services is a global, diversified financial services
company that operates in approximately 40 countries in automotive
finance, real estate finance, insurance and commercial finance
businesses. GMAC was established in 1919 and employs approximately
26,700 people worldwide. For more information, go to


http://www.gmacfs.com/ .

About SEB
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
another ten countries. On 31 March 2008, the Group's total assets
amounted to SEK 2,399bn (EUR 251bn) while its assets under management
totalled SEK 1,331bn (EUR 149bn). The Group has about 20,000
employees. Read more about SEB at www.sebgroup.com.
____________________________________________________________________
For further information, please contact:
Juergen Baudisch, Head of SEB in Poland, tel.  [phone],
[e-mail]
Elisabeth Lennhede, Press Officer tel. [phone],
[e-mail]