SEB takes measures to further enhance its quali...

SEB announces two measures, the combined purpose of which is to
increase the core tier 1 ratio and to reduce the capital ratio
volatility.

The first measure is to offer the holders of SEB's two USD
denominated capital contribution securities with first call dates in
March 2014 and March 2015 respectively, to sell these at an agreed
price. The price level will be determined during the tender process,
which will last for 20 days. The outstanding amount is in total USD
1,100 million.

The second capital action is the announced intention to issue
non-innovative EUR denominated capital contribution securities.

As a consequence, SEB will record a capital gain yet to be determined
since the price and amount of repurchased securities will not be
known until the tender process has been completed.

The core tier 1 capital will increase with the capital gain. The net
effect on the tier 1 ratio will be neutral to positive and the
currency matching of risk-weighted assets and the capital base better
aligned.

At the end of June 2009, the core tier 1 ratio was 11.3 per cent and
the tier 1 ratio 13.1 per cent applying Basel II without transitional
rules.

The capital action shall be seen in light of SEB's strategy to be
well-capitalised and 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, 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:
Ulf Grunnesjö, Head of Investor Relations, [phone]
Viveka Hirdman-Ryrberg, Head of Communications, [phone]


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