SEK: High business volumes marked the first six months *Corrected



Previously distributed report contained errors in note #9.
Please see new and corrected report attached.


SEK has successfully completed its mission, to secure access to
financial solutions for the Swedish export industry, during the first
half of the year. Despite the global financial crisis SEK has been
able to continue to offer companies financial solutions which have
resulted in high business volumes and a good result for SEK.

  * Core earnings for the first six months were Skr 381.2 million
    (284.6)
  * Operating profit (IFRS) was Skr 466.3 million (265.6)
  * The volume of new customer financing solutions was Skr 30.8
    billion (27.2)
  * Active new borrowing generated a volume of Skr 51.8 billion
    (71.8)

SEK's core earnings totalled Skr 381.2 million for the first six
months of the year, versus Skr 284.6 million for the same period in
the previous year.  The volume of new customer financing solutions
totalled Skr 30.8 billion, an increase of Skr 3.6 billion on the
first half of 2007. The volume of outstanding and committed
undisbursed credits amounted to Skr 141.3 billion at the end of the
period, compared with Skr 119.6 billion at the end of June 2007.

Work on improving competitive opportunities for Swedish export
companies continues. During the second quarter SEK signed a
cooperation agreement with the Polish environmental protection bank
BOS Bank with the aim of supporting and simplifying opportunities
primarily for small and medium-sized Swedish export companies to
compete on the Polish market. In addition, the Export Loan - which
SEK provides financing for - has taken off in earnest and the volume
of Export Loans granted now totals Skr 140 million.

- We are pleased that we continue to demonstrate that SEK is a stable
and reliable partner for the Swedish export industry. In addition, we
continue to develop our offering, in particular for small and
medium-sized Swedish export companies. The Export Loan, developed
specifically for the small and medium-sized companies, gains in
popularity and our cooperation with the Polish environmental
protection bank BOS Bank will also provide the Swedish companies with
improved competitiveness, says Peter Yngwe, SEK's CEO.

Despite the market's low liquidity and turmoil SEK has been active in
its borrowing and new borrowing totalled Skr 51.8 billion during the
first half of the year.

For further information please contact Peter Yngwe, SEK's CEO, on +46
8 613 83 00, or Johan Winlund, Head of Communications, on +46 8 613
84 88.


The full report with tables can be downloaded from the following
link:

Attachments

Interim Report January - June 2008.pdf