BJ03 Hsbc Bk.23

    Skandinaviska Enskilda Banken

RE: SKANDINAVISKA ENSKILDA BANKEN
    EUR 750,000,000.00
    MATURING: 22/Sep/2006
    ISSUE DATE: 22/Mar/2005
    ISIN: XS0215474098

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22/Mar/2006 TO 22/Jun/2006 HAS BEEN FIXED AT 2.723000 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 22/Jun/2006 WILL AMOUNT TO:
EUR 347.94 PER EUR 50,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881

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