Det har spekulerats i svensk men ocksa internationell press om laget i SEB. En stor amerikansk bank har presenterat information om att SEB skall vara den enda svenska bank som ar exponerade for subprime. SEB skulle bara ha nedskrivit 14 procent av dessa subprimes. Det vore bra for SEB att informa svenska aktiegare om hur exponeringen ser ut. Efter mycket kritik kanner sig SEB tvingad tydligen att saga nagot och da kommer pa deras hemsida denna information. Den har helt otydliga informationen ar till for att ingen skall forsta nagonting. Den lugnare inte. Om det maste informeras pa detta satt sa har SEB mycket att dolja. Framfallt varfor informerar en svensk bank inte pa svenska. Jag kommer att skriva av SEB:s information ordagrant. Information about SEB’s involvement in conduits In order to meet the request for information about SEB’s involvement in conduits or providing liquidity facilities to conduits, we hereby like to inform you about the following total engagement. This information is provided to all equity analysts covering SEB.

SEB has no ABCP conduit ourselves. We closed Three Crowns, an ABCP conduit, last year.

SEB provides liquidity facilities to three US conduits: - Galleon Capital Co. - sponsored by State Street - liquidity facility approx USD 900m - Ranger Funding Co. LLC - sponsored by Bank of America - liquidity facility approx USD 300m - Relationship Funding - sponsored by Liberty Hampshire - liquidity facility approx USD 40m

These liquidity facilities can ONLY be used for SEB’s clients’ transactions to the conduit and not for other assets in each conduit. All of SEB’s clients’ transactions are related to these customers’ trade or lease receivables. There is no sub-prime exposure related to our commitments to the conduits.

The liquidity facilities have not been drawn by the conduits.