SEB Launches Organisational Change within its German Operations

SEB has decided to initiate organisational change in its German
operations. The purpose is to, within the legal entity SEB AG,
separate Retail Banking from Merchant Banking/Commercial Real Estate.
This path will be taken in order to create the flexibility to benefit
from the changing German banking market.
The organisational change is of internal character solely and will
have no implications on daily operations or relations with customers,
partners and other stakeholders. SEB Asset Management is not part of
the organisational change process.



SEB is a North 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 Baltic countries - Estonia, Latvia and Lithuania. It also has
local presence in the other Nordic countries, Poland, Ukraine and
Russia and a global presence through its international network in
another ten countries. On 30 June 2008, the Group's total assets
amounted to SEK 2,304bn (EUR 244 bn) while its assets under
management totalled SEK 1,295bn (EUR 137 bn). The Group has about
22,000 employees. Read more about SEB at www.sebgroup.com.
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For further information, please contact:
Odd Eiken, Head of Group Communications, tel. +46 8 763 87 30
Kimmo Best, Head of External Communications Germany, tel. +49 69 258
6406