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New Head of Investment Management within SEB; Johan Magnusson Appointed Head of Investment Management

Johan Magnusson has been appointed Head of Investment Management within SEB Asset Management. He will assume his new position on May 15, 2002.

Johan Magnusson has more than 17 years of asset management experience. He joined SEB in 1998 in connection with the acquisition of ABB Investment Management, where he held the position as President of the Swedish operations. His most recent assignment is as Head of Private Clients at Enskilda Banken, and before that he was responsible for building up its "Strategi & Analys" entity.

Investment Management is responsible for portfolio management within SEB Asset Management with a total of SEK 567 billion in assets under management.

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CONTACT: SEB, Stockholm
         Harry Klagsbrun, Head of Asset Management
         +46 08-788 62 80
         +46 070-618 62 80

         Johan Magnusson 
         +46 08-763 60 28
         +46 070-763 60 28