The Risk & Capital Committee of the SEB Board has decided to sell a part of the bank's shareholdings. The decision to sell has been taken in accordance with an approval at the Annual General Meeting on 28 March 2007. The sale of approximately 1,9 million Class A shares, is taking place as a result of the review of the hedging arrangement of SEB Group's long term incentive program.
The sale, which starts shortly, will be transacted at the Stockholm Exchange within the "spread", and transactions will be reported through the Stockholm Exchange in accordance with existing regulations. In addition, SEB's web site (www.sebgroup.com) will be regularly updated.
The total amount of shares in SEB is 687 156 631, of which 663 004 123 Class A shares and 24 152 508 Class C shares. On 10 May, SEB had 4 799 932 Class A shares as hedging arrangement of the long-term incentive program.
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
For further information, please contact:
Ulf Grunnesjö, Head of Investor Relations, +46 8 763 85 01
Elisabet Linge Bergman, Press Officer +46 8 763 88 04