26 Feb 2007 08:00

SEB Annual General Meeting on 28 March

The Nomination Committee representing approx. 33 per cent of the number of votes of all shares proposes that the Board shall consist of 10 directors. The Nomination Committee proposes re-election of the Directors: Annika Falkengren, Penny Hughes, Urban Jansson, Tuve Johannesson, Hans-Joachim Körber, Jesper Ovesen, Carl Wilhelm Ros, Jacob Wallenberg and Marcus Wallenberg and new election of Steven Kaempfer. Marcus Wallenberg is proposed as Chairman of the Board.
 
Steven Kaempfer has Master's Degrees in Business Administration (MBA) and in Law. He has a broad experience from the international financial sector, including the Eastern European markets, having been Vice President, Finance and acting First Vice President of the European Bank for Reconstruction and Development "EBRD", London, and Member of the Investment Committee of ABP, the Netherlands, the world's second largest pension fund, as well as Senior Director of SG Warburg, London, President and CEO of SBCI Swiss Bank Corporation Investment Banking Inc., New York, and Head of Europe for Asset Management of Credit Suisse, Zurich.
 
It is proposed that the Directors' remuneration shall remain unchanged and amount to SEK 8,070,000 to be distributed as follows: SEK 2,600,000 to the Chairman of the Board, SEK 3,670,000 to be distributed among the other Directors elected by the Annual General Meeting who are not employed by the Bank and SEK 1,800,000 for committee work.
 
The Board proposes that the AGM decides on a long term incentive program for 2007, with the same structure and conditions as the 2006 performance share program (item 19 on the agenda).
 
The Board also proposes that the AGM decides on acquisition and sale of own shares (item 20 a-d).
 
The Board proposes a dividend of SEK 6 per Class A and Class C share.
 
The Nomination Committee's and the Board's complete proposals can be found on www.sebgroup.com, see link below.
 
The Annual General Meeting will be held on Wednesday 28 March at Stockholm Concert Hall, Hötorget, Stockholm. Registration starts at 12.30 pm.
 
Media that wants to participate shall confirm their presence. Please contact Elisabet Linge Bergman, acting Press Officer, tel +46 8 763 88 04, +46 70 604 40 96 at the latest 26 March.
 
 
 
The SEB Group is a North European financial group for 400,000 corporate customers and institutions,
and 5 million private customers. SEB has local presence in the Nordic and Baltic countries, Germany, Poland, the Ukraine and Russia and has a global presence through its international network in another 10 countries.
On 31 December 2006, the Group's total assets amounted to SEK 1,934bn while its assets under management totalled SEK 1,262bn. The Group has about 20,000 employees. Read more about SEB at www.sebgroup.com.
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For further information, please contact:
Ulf Grunnesjö, Head of Investor Relations, +46 8-763 85 01, +46 70-763 85 01
Odd Eiken, Head of Corporate Communications, +46 8 763 87 30, +46 70 763 87 30