SEB

SEB (STO:SEBA) SEB has decided to initiate organisational change in its German operations. The purpose is to, within the legal entity SEB AG, separate Retail Banking from Merchant Banking/Commercial Real Estate. This path will be taken in order to create the flexibility to benefit from the changing German banking market. The organisational change is of internal character solely and will have no implications on daily operations or relations with customers, partners and other stakeholders. SEB Asset Management is not part of the organisational change process.

SEB (STO:SEBA) SEB has recruited Peter Branner as new Head of SEB Investment Management. Branner will continue to develop the SEB mutual funds offering and build on the bank's leading position within alternative investments.

SEB (STO:SEBA) Swedish financial officers are more pessimistic. The latest survey shows respondents increasingly worried about the weakening business cycle with lower demand seen as the main cause for concern. At the same time officers were significantly less bothered by the threat of rising raw material costs. All participating financial officers were confident that profits will rise in 2008 driven mainly by price hikes and volume increases.

SEB (STO:SEBA) The ongoing credit crisis will continue to dominate the global economy, as tighter credit conditions and falling home prices hamper growth. Next year, growth in the OECD will be the lowest since the early 1990s. Looking ahead, emerging economies will also be affected to a greater degree by secondary effects from the slowdown in industrialised countries. Overall, the world economy will grow by 3 per cent in 2009, which is close to a recession at the global level. Inflation will gradually turn downward, and combined with ever weaker economic conditions this will open the door for interest rate cuts in Europe on a broad front in 2009.

SEB SEB has - through its Wealth Management Division - adopted the United Nations Principles for Responsible Investments (PRI) within the category Investment Managers. SEB views this commitment as an important step in contributing to the good corporate citizenship and sustainable development in global economy.

SEB SEB's operating result for the second quarter of 2008 amounted to SEK 3,507m, up by 46 per cent compared with the previous quarter and 23 per cent below the second quarter of last year.

SEB In the financial publication Euromoney's Awards for Excellence 2008 SEB has won nine awards - three awards for the Nordic and Baltic region and six country awards.

SEB On Wednesday, July 16, at 11:30 (CEST) SEB's second quarter 2008 results will be announced. In addition presentations and an extensive package of Facts & Figures will be available on www.sebgroup.com in conjunction with the events below.

SEB 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.

SEB On Wednesday, July 16, at 11:30 (local time) SEB's second quarter 2008 results will be announced. In addition presentations and an extensive package of Facts & Figures will be available on www.sebgroup.com in conjunction with the events below.