SEK: Strong position on a turbulent market

Today SEK presents a strong financial statement for 2007. The
financial outcome totalled SEK 533.6 million. On a market
characterised during the second half year by a liquidity squeeze and
turbulence, SEK strengthened its position and was a stable and
reliable partner for the Swedish export sector.


  * Core financial outcome for 2007 totalled SEK 533.6 million
    (538.1)

  * Operating profit/loss (IFRS) totalled SEK 506.9 million (501.3)

  * Volumes of the new customer-financed solutions totalled SEK 56.8
    billion (63.9)

  * Borrowing was very successful and totalled SEK 108 billion (61.3)

SEK's financial outcome for 2007 totalled 533.6 million, compared to
538.1 million the previous year. The new customer-financed solutions
totalled SEK 56.8 billion, the second highest amount ever. The
proportion of lending to companies increased during the year.

In the second half of the year, the credit market was affected by
concern over the US housing market, which led to a liquidity squeeze
and turbulence. However, SEK fortified its position on the market and
provided its customers with long-term and attractive financial
solutions in times when the Company has had borrowing difficulties.
SEK broadened its product portfolio and introduced two new business
areas, the latest being Trade Finance and Customer Finance.

-          We can look back on a turbulent year that saw great
changes in the market, but where SEK could fortify its position at
the same time as being a stable and reliable partner for its
customers. SEK is doing more and more for its customers. In times of
financial concern it is particularly important for the Swedish export
sector, and thereby the Swedish economy as a whole, to have access to
a stable actor like SEK, says Peter Yngwe, CEO of SEK.

SEK's borrowing during the year has been very successful and the
long-term borrowing totalled SEK 108 billion, an increase of 46.7
billion compared to the previous year. A larger number of emissions
were implemented, including a 10-year global obligation of USD 1.25
billion and a 3-year bond loan of Euro 1 billion, SEK's largest ever
single borrowing. A total of 800 transactions were implemented, a
record for SEK. Overall, SEK's liquidity portfolio has increased. It
is worth noting that SEK does not have any direct exposure on the US
sub-prime market.

Due to the release of the Year-end report SEK management will hold a
telephone conference call Wednesday, February 20th, at 15 pm. Those
who wish to attend the telephone conference call can, no later than
15 pm, Tuesday February 19th,, contact Carina Lindberg,
Communications Officer +46 8 613 83 86, for instructions.

For further details, please contact:
Peter Yngwe, CEO, +46 8-613 83 00, or
Johan Winlund, Head of Communication, +46 8-613 84 88.

SEK's mission is to secure access to financial solutions for export
and infrastructure. SEK offers a wide spectrum of financial
solutions, ranging from standardized loans to innovative and complex
financial products. SEK's operations are based on commercial
interests. SEK's main source of financing is the issuing of bonds on
the international capital markets. SEK's rating from Standard &
Poor's and Moody's are AA+/Aa1 respectively for long-term debt. For
more information, visit www.sek.se

The full report including tables can be downloaded from the enclosed
link: