Proposed Merger Update

RNS Number:8379G
Skandinaviska Enskilda Banken
12 July 2001


The European Commission's investigation of the proposed merger between
ForeningsSparbanken and SEB will continue during the autumn.

The European Commission today announced its decision that it will start an
in-depth investigation of the proposed merger between SEB and
ForeningsSparbanken. The Commission's final decision about the merger is
expected by the end of November.

The Extraordinary General Meetings in the two banks, where the proposed merger
will be put forward for the shareholders to decide upon, are planned to be held
during the fourth quarter 2001.

"The case is extensive and we understand that the Commission wants to perform a
thorough investigation", says Nils-Fredrik Nyblaeus, responsible for the
integration process and CFO of ForeningsSparbanken.

"We want our shareholders to have access to information that is as complete and
well founded as possible in order to decide on the proposed merger. We therefore
have decided to postpone the Extraordinary General Meetings to a later date",
adds Lars Gustafsson, responsible for the integration process and CIO of SEB.

For further information please contact:
Einar Fryden,Acting Press Officer ForeningsSparbanken, 
phone +46-8-585 902 32 or +46-705-11 00 33
Gunilla Wikman, Head of Group Communications SEB, 
phone +46-8-7638125 or +46-70-7638125

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