SKANDINAVISKA ENSKILDA BANKEN AB (publ) ANNOUNC...

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR IN OR INTO OR TO
ANY PERSON LOCATED OR RESIDENT IN THE REPUBLIC OF ITALY

24 June 2009

On 16 June 2009, Skandinaviska  Enskilda Banken AB (publ) (the  Bank)
announced  its  invitation   to  the  holders   of  its   outstanding
£500,000,000 Perpetual Step-up Subordinated  Fixed and Floating  Rate
Instruments (the  Perpetual  Step-up  Instruments)  and  £375,000,000
Fixed to Floating Rate Undated Subordinated Instruments (the  Undated
Subordinated Instruments and,  together, the Notes)  (subject to  the
offer and  distribution  restrictions set  out  in the  Tender  Offer
Memorandum dated  16  June 2009  (the  Tender Offer  Memorandum))  to
tender up to £400,000,000 of their Notes for purchase by the Bank for
cash (each such invitation, an  Offer). The Bank today announces  the
results of the Offers.

Based upon the  aggregate nominal  amounts of  the Perpetual  Step-up
Instruments and Undated Subordinated Instruments validly tendered for
purchase pursuant to the Offers by the Expiration Deadline, the  Bank
has  determined   that  the   Series  Acceptance   Amounts  will   be
£225,000,000 for the Perpetual  Step-up Instruments and  £175,000,000
for the  Undated  Subordinated  Instruments,  which  will  result  in
Scaling Factors of 0.706795 and 0.697766, respectively.

The Settlement Date for  the purchase by the  Bank of the Notes  that
have been validly tendered  in the Offers  (after the application  of
the above Scaling Factors) will be 30 June 2009.

The Offers were made on the  terms and subject to the conditions  set
out  in  the  Tender  Offer  Memorandum  (including  the  offer   and
distribution  restrictions).   Capitalised   terms   used   in   this
announcement but not defined have the  meanings given to them in  the
Tender Offer Memorandum.

Noteholders are advised to read carefully the Tender Offer Memorandum
for full details of and information on the Offers. This  announcement
must be read in conjunction with the Tender Offer Memorandum.

HSBC Bank plc  and UBS  Limited acted  as Dealer  Managers, the  Bank
acted as Co-Dealer Manager and Lucid Issuer Services Limited acted as
Tender Agent.  The Tender  Agent is  the agent  of the  Bank and  the
Tender Agent owes no duty to any Noteholder.

Questions and requests for assistance  in connection with the  Offers
may be directed to any of the Managers.

Dealer Managers

HSBC Bank plc
8 Canada Square
London E14 5HQ
United Kingdom
Telephone: [phone]
Attention: Andrew Montgomery
Email: [e-mail]

UBS Limited
1 Finsbury Avenue
London EC2M 2PP
United Kingdom
Telephone: [phone]
Attention: Liability Management Group - Mark T
Watkins
Email: [e-mail]

Co-Dealer Manager

Skandinaviska Enskilda Banken AB (publ)
Kungsträdgårdsgatan 8
SE-106 40 Stockholm
Kingdom of Sweden
Telephone: [phone]
Attention: Peter Swärd
Email: [e-mail]

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