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SEB Signs Agreement with Hi3G Regarding 3G Banking

SEB has reached an agreement with Hi3G regarding cooperation in the area of 3G Banking. SEB's and Hi3G's customers will be able to easily use banking services through 3G mobiles - anytime and anywhere.

Through SEB's 3G banking service users will get access to a wide array of financial services such as management of personal finances, transactions and payments, trading facilities, news and financial tools. SEB aims to provide the leading 3G banking solution on the Swedish market.

"We will make it possible for customers to actively manage their personal financial data in a simple way through 3G mobiles," said Chris Bannister, CEO, Hi3G. Both SEB and Hi3G are leading players in the areas of e- and m-Banking and 3G respectively. This agreement adds a strategic edge to gain future business opportunities within the 3G market and banking services, Chris Bannister concludes.

"SEB has been a leader in Swedish e-banking development since the launch of our first Internet-services in 1996. This makes it a natural next step to continue the development of mobile banking-services in line with our customers' demands for flexibility and simplicity. 3G banking will even more expand our customers' possibilities to use modern technology as complement to personal meetings and contacts," said Fleming Carlborg, Head of SEB's Nordic Retail and Private Banking-division.

SEB is a European financial group for companies and private individuals. SEB has a total of 675 branch offices in Sweden, Germany and the Baltic countries and a total of 4 million customers, including 1 million Internet clients. SEB Group has SEK 1,163 billion in total assets and SEK 871 billion in assets under management. The Group has 20,800 employees. Read more about SEB at www.seb.net

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CONTACT:  SEB, Stockholm
          Fleming Carlborg, Head of Nordic Retail and Private Banking
          +46 8 763 7164
          fleming.carlborg@seb.se

          Hi3G
          Niclas Lilja, Director Communications
          +46 7 33 55 70 90
          niclas.lilja@hi3gaccess.se