SEB expands in Ukraine

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| Source: Skandinaviska Enskilda Banken AB

SEB has signed an agreement to acquire 97.25 per cent of Factorial
Bank (Ukraine). The agreement implies a maximum consideration of USD
120m (approximately SEK 780m) at a 100 per cent holding. The
acquisition is in line with SEB's strategy to expand its footprint in
Eastern Europe through organic growth and add-on acquisitions."We have a long-term commitment to offer universal banking services
in Ukraine. Through the acquisition of Factorial Bank we will serve
more than 110,000 customers in Ukraine," says SEB President and CEO
Annika Falkengren. "The ongoing consolidation within one of the
fastest-growing banking markets in Europe offers SEB continued
opportunities for growth in the region."

By acquiring Factorial Bank, with its 53 branches, SEB will
strengthen its regional presence in the eastern part of Ukraine and
the city of Kharkiv. Following the acquisition, SEB in Ukraine will
have about 13,000 corporate customers and 100,000 private clients.
Total assets will amount to USD 452m as of 30 September 2007.

SEB was the first Nordic bank to enter Ukraine in 2004 through the
acquisition of Bank Agio which today is fully integrated into SEB
under the name SEB Bank Ukraine.

The European Bank for Reconstruction and Development (EBRD) will
acquire a minority ownership of maximum 9.95 per cent in SEB Bank
(Ukraine).

The acquisition is subject to regulatory approvals. The integration
of Factorial Bank including rebranding will commence during 2008.

SEB Enskilda and HSBC are SEB's financial advisers in the
transaction.



SEB is a North European financial group serving some 400,000
corporate customers and institutions and five million private
individuals. SEB has a local presence in the Nordic and Baltic
countries, Germany, the Ukraine and Russia, and a global presence
through its international network in another ten countries. On 30
June 2007, the Group's total assets amounted to SEK 2,188bn while its
assets under management totalled SEK 1,403bn. The Group has about
20,000 employees. Read more about SEB at www.sebgroup.com.
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For further information, please contact:
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Odd Eiken,  Head of Group Marketing & Communications, +46 (0)70 763
87 30
Ulf Grunnesjö, Head of Investor Relations, +46 (0)70 763 8501