1

Annika FalkengrenPresident and CEO

2

0

50

100

150

200

250

300

350

Dec-06 Dec-07 Dec-08 Dec-090

20

40

60

80

100

120

140

Dec-06 Dec-07 Dec-08 Dec-09

Index CDS-spreadbps

Capital market developmentStockholm stock exchangeOMXS30, Index

May-10 May-10

3

4

Operating profit SEK 3.4bnCredit loss level 0.92%Return on equity 1.2%Earnings per share 0.58 kr

18.815.717.216.2

12.110.69.88.98.5

10.6

5.7

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Operating profit before credit provisions and goodwill impairmentsOperating profit

SEK bn

2009 in numbers

Stable underlying business

3.4

5

Three priorities 2009

1

3

2

Support our customers

Strengthen the balance sheet

Manage development in the Baltics

6

1 Support our customers – increased corporate lending

250

300

350

400

450

500

2010 Q12009 Q42009 Q32009 Q22009 Q12008 Q42008 Q32008 Q2

SEK bnLending

Private customers

Corporates

7

Wealth Management – Net sales Life – Premium income Log-ins – Internet banking

0

5

10

15

20

25

Q12009

Q2 Q3 Q4 Q12010

0123456789

10

Q12009

Q2 Q3 Q4 Q12010

Support our customers – High customer activity1

SEK bn SEK bn No millions, Retail Sweden private

10

11

12

13

14

15

Q12009

Q2 Q3 Q4 Q12010

8

Strengthen the balance sheetTier 1 ratio, %

10.1

13.9

Dec 2008 Dec 2009

2

9

11%

89%

Total lending* SEK 1,188bn

Lending, Baltic countries

77%

23%

Manage development in the BalticsTotal credit loss provisions

SEK 12.5bn

Provisions, Baltic countries

3

* 2009

10

Estonia Latvia Lithuania

11

-20

-15

-10

-5

0

5

10

15

-98 -00 -02 -04 -06 -08 -10

GDP development, %

-20

-15

-10

-5

0

5

10

15

-98 -00 -02 -04 -06 -08 -10

GDP development, %

-25

-20

-15

-10

-5

0

5

10

15

-98 -00 -02 -04 -06 -08 -10

GDP development, %

Estonia Latvia Lithuania

12

0%

10%

20%

30%

40%

50%

–05 –06 –07 –08 –09 –100%

10%

20%

30%

40%

50%

–05 –06 –07 –08 –09 –10

Market share, % Market share, % Market share, %

0%

10%

20%

30%

40%

50%

–05 –06 –07 –08 –09 –10

SEB

SEB

SEB

NordeaSwedbank

NordeaSwedbankSwedbank

Estonia Latvia Lithuania

13

-20

-15

-10

-5

0

5

10

15

-98 -00 -02 -04 -06 -08 -10-20

-15

-10

-5

0

5

10

15

-98 -00 -02 -04 -06 -08 -10-25

-20

-15

-10

-5

0

5

10

15

-98 -00 -02 -04 -06 -08 -10

GDP development, % GDP development, % GDP development, %

Estonia Latvia Lithuania

14

15

Three priorities 2010

1

3

2

Strengthen the customer relationship

Prepare for upcoming regulations

Invest in our home market

16

1 Strengthen the customer relationship

17

Prepare for upcoming regulations

2012December 2009

April 2010

Summer 2010

>250 answers in the consultation

December 2010

DecisionConsultative proposal Quantitative analysis and consultation

2

18

2012December 2009

April 2010

Summer 2010

>250 remissvar

December 2010

BeslutFörslaget på remiss Kvantitativ analys och konsultation

SEB is well prepared for new regulations

Tier 1 ratio 13.9%

Leverage ratio 5.5%

>18 months matched funding

Total reserve ratio 77%

2

19

3 Invest in our home market – the corporate bank

20

3

0%

20%

40%

60%

80%

100%

-100 -75 -50 -25 0 25 50 75 100

SEB 2008

GQ

I –D

iffer

ence

from

ave

rage

%

GQI – Difference from average

Market position among large Nordic corporates

Invest in our home market – the corporate bank

21

Invest in our home market

Equities

M & A

Foreign Exchange

Custody

3

22

23

Group executive committee

Johan Andersson

Magnus Carlsson Anders Mossberg Martin Johansson Mats Torstendahl

Hans LarssonIngrid EngströmViveka

Hirdman-Ryrberg

Jan Erik BackBo Magnusson

Fredrik Boheman

Annika Falkengren

24