SEB compensates institutional investors in Estonia

SEB in Estonia has in a specific case decided to compensate investors
du to an omission to fulfil its information obligations.  As
collateral agent for the Estonian company OU TR Majad' s private
placement of its corporate bond in June 2007 to institutional
investors, SEB in Estonia should have informed investors of any
material event within ten days.. Such a material event was the
company's disposal of assets that formed part of the collateral for
the bond. SEB in Estonia informed the investors four weeks too late.
Nine months later the company was bankrupt.

"Our customers and counterparties should know that we always strive
for the highest professional standards. When we discover any faults
we have made, we act", says Annika Falkengren, CEO and President of
SEB.

As it has been hard to define the exact impact of the bank's omission
for the investors, SEB has decided to compensate the investors in
full. The compensation amounts to EUR 11.3m.


SEB is a Northern European financial group serving some 400,000
corporate customers and institutions and five million private
individuals. SEB offers universal banking services in Sweden, Germany
and the three Baltic countries - Estonia, Latvia and Lithuania. It
also has a local presence in the other Nordic countries, Ukraine and
Russia and a global presence through its international network in
leading financial centres. On September 30, 2009, the Group's total
assets amounted to SEK 2,233 billion and its assets under management
totalled SEK 1,295 billion. The SEB Group has about 20,000 employees.
Read more about SEB at www.sebgroup.com.
_____________________________________________
For further information, please contact:
Viveka Hirdman-Ryrberg, Head of Corporate Communications, tel.
[phone], [phone]
Ulf Grunnesjö, Head of Investor Relations, tel. [phone],
[phone]


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.