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RNS Number:8491J
Foreningssparbanken AB
12 September 2001


Swedish banks receive EU Commission's Statement of Objections

ForeningsSparbanken and SEB have now received the EU Commission's Statement of 
Objections concerning the competition aspects of the proposed merger between the
two banks.

On 12 July, 2001 the Commission announced its decision to start an in-depth
investigation of the proposed merger between ForeningsSparbanken and SEB. The 
Commission's competition authority has now investigated and analysed the 
competition in the Swedish banking business, and has in a Statement of 
Objections expressed its objections to the proposed merger in certain areas and 
the motives therefore. The banks will now analyse the document - which is not 
intended to be made public by the banks or by the Commission - and subsequently 
tender their comments to the Commission. In parallel, the banks are conducting a
dialogue with the Commission in order to identify the remedies required for a 
competition clearance of the deal.

Possible remedies must be filed with the Commission by 16 October. The 
Commission's final decision on the merger is due in mid-November. The proposed 
merger is intended to be put before the shareholders at Extraordinary General 
Meetings in the two banks, which are planned for the last quarter of this year.

For further information please contact:
Staffan Salen, Executive VP and Head of Information and Investor Relations, 
ForeningsSparbanken, phone +46 (0)8 585 927 79 or +46 (0)70-531 01 11 
Gunilla Wikman, Head of Group Communications SEB, phone +46-8-7638125 or 
+46 70-763 81 25

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