Skandinaviska - Holding in Another Company

RNS No 9433k
SKANDINAVISKA ENSKILDA BANKEN AB
10 May 1999

Skandinaviska Enskilda Banken AB (publ) increases its holding in Latvijas
Unibanka in Latvia.

Over the last week, Skandinaviska Enskilda Banken (SEB) has acquired an
additional amount of 1,675,000 shares in Latvijas Unibanka, equivalent to
approximately 4.5% of the total share capital in Unibanka.

This brings SEB's total holding and voting capacity to 48.8% of Unibanka's
current share capital.

On November 18, 1998, SEB entered into an agreement with Unibanka, which gave
SEB an initial holding of 23.1% of the shares as well as a convertible loan,
which fully converted today would increase SEB's shareholding by 8.7%.

On February 12, 1999, SEB acquired 5.9% in Unibanka from the Latvian
Privatisation Agency, and on February 16, SEB acquired an additional 15.4% in
Unibanka from the European Bank for Reconstruction and Development (EBRD).

For further information, please contact:

Mr Mats Kjaer, Managing Director, SEB Baltic Holding, phone +46-40-6676101,
mobile +46-70-6242677.

END

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