Skandinaviska - St,atement re Self Trade

RNS Number:4889H
Skandinaviska Enskilda Banken
17 March 2000


NEW SHARE ISSUE AND STOCK-EXCHANGE LISTING FOR SELF TRADE IN PARIS TODAY

Self Trade, the French Internet agent, is today implementing a new EUR 140M
share issue and its shares will be listed simultaneously on the Le Nouveau
Marche Paris Stock Exchange.  The issue is the largest of its type to date on Le
Nouveau Marche.  SEB is one of the largest owners in Self Trade, with 34 per
cent of the votes and 20.4 per cent of the share capital.

Self Trade is already established as one of the leaders in the French market and
its goal is to become one of the European market leaders in the area of
financial services via the Internet.

Self Trade is one of the pioneers in trading via the Internet and has
established its name by charging a uniform flat rate for all share transactions,
regardless of the size of the investment.  The company, which has operations in
London, Milan, Madrid and Cologne, has a total of 160 employees.

Self Trade, which had approximately 17,000 customers as at February 29, books a
total of 16,000 orders each day.  Following the new share issue, which has been
subscribed by approximately 300,000 French investors, Self Trade has
shareholders' equity of about EUR 180 M.

SEB's holding in Self Trade has a book value of SEK 69.9 M in the accounts for
1999. SEB intends to subscribe to the issue according to its pre-emptive rights.

For further information, please contact:
Gunilla Wikman, Vice President Corporate Communications, SEB
Telephone:  +46 8-763 81 25, 070-763 81 25

END


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