61KN Westpac 24 S

RNS Number:4081I
Skandinaviska Enskilda Banken
3 April 2000


SEB sells real estate - capital gain of SEK 350 million

SEB is selling its entire holding in the company that owns those premises in
which SEB's head office at Kungstradgardsgatan 8 is situated in Stockholm.  The
sale will realise SEK 660 million and will result in an after-tax profit for the
SEB Group of SEK 350 million.

Sale of the properties, known as Nackstrom 21 and 28, means that SEB no longer
owns any of the property from which its operations are carried out.  The buyer
is a newly established company called EB-SB Holding AB that is wholly-owned by
the pension foundation of Skandinaviska Enskilda Banken.  EB-SB Holding AB is
buying, from SEB, all shares of SEB Bankfastigheter Holding AB.

The properties in question contain some 16,000 square meters that will be rented
by SEB.  The tenancy runs for a ten year period at the current market price.

For further information please contact:
Anders Rydin, Chief Financial Officer, SEB, Telephone +46 8-763 82 09
Boo Ehlin, Head of Press Relations at SEB, Telephone +46 8-763 85 77, 
or +46 070-763 85 77.

END
DISILFVESIIVIII

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