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SEB Increases Its Ownership of Amagerbanken

SEB has purchased 239,434 shares in Amagerbanken, or 12 per cent, at market price, which means that SEB's total shareholding in Amagerbanken now corresponds to 30.37 per cent of the total number of shares in Amagerbanken. Thereby, SEB's total shareholding in Amagerbanken is 607,449 shares at par value of DKK 100 per share, corresponding to a total par value of DKK 60,744,900.

SEB has been operating in Denmark since 1994, when the Bank took over Diners Club. Since 1997, SEB carries on banking activities in Denmark and has grown within several areas such as bond trading, Internet/Telephone banking, Asset Management and Investment Banking.

"SEB has been a shareholder in Amagerbanken since 1999. We were recently offered to buy additional shares in Amagerbanken, which we regard as a good bank with an interesting profile and customer structure. In addition, the bank is located in the attractive growth area around Copenhagen. We have consequently decided to accept the offer and believe that this will open new opportunities for cooperation within some areas, which can be beneficial to our customers," said Fleming Carlborg, Executive Vice President SEB.

For further information please contact:

Fleming Carlborg, Executive Vice President SEB,
Telephone +46 70 591 1913

Gunilla Wikman, Head of Group Communications, SEB,
Telephone +46 8 76381 25 or +46 70 763 81 25

SEB is a North-European banking group operating in Sweden, Germany, the Baltic countries and the rest of the Nordic region. SEB offers its services both to private individuals and the largest multinationals. On 30 June 2002, SEB had a total staff of 19,400, of which approximately 9,500 in Sweden. SEB has a total of 4.5 million customers and close to 600 branch offices in Sweden, Germany and the Baltic countries.

SEB operates in Denmark since 1997 (through Diners since 1994) and hasabout 385 employees at present:

--   SEB Merchant Banking and Securities Services work with large
     companies and financial institutions within bond trading and
     custody services, among other things
--   SEB A/S offers private customers retail and private banking
--   SEB Kort includes Diners Card and Eurocard
--   SEB Asset Management is one of the most important asset managers in
     Denmark, with about DKK 80 billion in total assets under management
--   Enskilda Securities is engaged in equity trading, equity research
     and corporate finance

Amagerbanken is Denmark's seventh largest bank and has a strong positionin the growth region Oresund. The bank has 490 employees and 26 branchoffices in the Copenhagen region, Arhus and Odense. Amagerbanken hasapproximately 110,000 private and corporate customers and offers a broadrange of banking services, including special housing and car loansolutions, retirement savings and corporate leasing.

Last year total income amounted to DKK 612 M, while income after tax wasDKK 117 M.

More information about SEB is found on www.seb.net or www.seb.dk.

This information was brought to you by Waymaker http://www.waymaker.net

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