Share Savings Programme 2012

Same structure as previous programmesYou’ll receive invitation beginning of SeptemberApply online no later than 30 September 2012

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" Welcome to invest in SEB’s future"

We are active in a challenging environment, but SEB has the stability and long-term perspective that creates long-term value for the bank’s customers, and hence for shareholders.

The success depends on the commitment of you and your colleagues.

The share savings programme gives you an opportunity to take part in SEB’s long-term value creation.

I hope the programme will encourage you to have a share in the company in which you work."

Marcus Wallenberg

Chairman of the Board of Directors

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Same structure as previous yearsYou’ll receive an invitation at the beginningof September

Apply online no later than 30 September

Decision for 2012 programmeAnnual General Meeting on March 29

Participating countriesDenmarkEstoniaFinlandGermanyLatviaLithuania

EligibilityAlmost all employees with permanent employee status can participate

Hourly wage earners, employees with temporary employment and participants in the Share Matching or Share Deferral Programme 2012 are not eligible to participate

The Share Savings Programme 2012

LuxembourgNorwaySingaporeSwedenUKUSA

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You can save up to five per cent of your fixed gross monthly salary for purchase of SEB shares

If the shares are kept for three years and you are still employed by SEB, you will get one free matching share for every share purchased

The shares are not locked during the period, you can stop saving or sell shares at any time

The programme in brief

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Matching period● February 2016– November 2016● Quarterly share matching● One share for free for every share

purchased during the savings period

Overview

Qualification period● 36-month period after each share

purchase● Keep the shares● Stay with SEB

Savings period● November 2012– October 2013● Monthly savings deductions● Quarterly share purchases

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Quick facts

It is possible for you to exit from the programme at any time Stop saving Sell shares already bought

Change savings amount possible twice during the programme From February and June salary deduction

You have the same rights as share holder with ordinary shares, including dividends Dividends reinvested in SEB shares

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Equate Plus – web based computer system owned by UBS

Participants in the previous programmes keep username, password etc.

Access through the internet, like an internet bank.24/7, you can

view your balances put sale and transfer orders

UBS offers call centre for questions regarding E+, call your local HR for questions around the Share Savings Programme

Shares will be held in custody by SEB

No need for private custody account

Administration – Equate Plus

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What happens if…?

If you quit, or employment contract expires Savings will be stopped The right to matching

shares is lost You can sell your saving shares or transfer

them to your private custody account

In case of invalidity, redundancy or retirement Savings will be stopped The right to matching shares for

shares already bought is not affected

Employees on parental leave, sick leave, sabbatical etc Savings will continue You are qualified for matching

shares if you keep the shares

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Risks!

Owning shares is a financial risk

No guarantees for profitability or that you will get your invested money back

The share price is related to a lot of factors over which SEB has no control

Employees outside Sweden are exposed to a foreign exchange risk(as well as a possibility for a positive effect)

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Printed local language invitation folder

All eligible employees will receive an invitation folder

Information available on the intranet/extranet 2012 Terms & Conditions and Agreement (printer friendly format) “Change form” (for change of bank account etc). Archive with information for previous programmes.

Invitation letter contains generic information about the programme – no country specific information

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Application

Link with log-in code for web application in invitation folder

If you participate in any of the previous programmes, most information will be pre-completed – but you still have to apply to join the 2012 programme.

New participants fill in i.a. the following details: Address (e-mail and regular) Telephone numbers Tax country Chosen amount to save

– Maximum 5 percent of monthly fixed gross salary in June 2010

– Minimum EUR 10 (or eqv.)

Last day of application:30 September 2012

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Local language extranet

Beginning of September: Local information available on extranetAccessible from any internet connected computer www.sebgroup.com/ssp No user name/password needed

Also accessible via Employee Self Service on SEB’s intranet.

Content: Introductory film with Marcus Wallenberg Frequently asked questions Possibility to submit questions Terms & conditions and agreement 2012

(archive for brochure and T&C 2008, 2009, 2010 and 2011)

Forms, e.g. for changing account information or decrease savings amount

Tax information Local support number and e-mail addresses

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Printed informationInvitation letter with personal application code

www.sebgroup.com/ssp Find everything about the programme in one

place Submit your questions about the programme via

the e-mail form Apply online

For questions about salary deductions, specific employment situations etcHR Centre in your country

Financial informationwww.sebgroup.comBusiness press and internet sites

No unit within SEB can advise you on how the SEB share will develop, your economic situation, taxation or if you should participate in the programme.

More information/contacts(can be customised in each country)

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What happens now?

What happens now?

Read information in invitation and at www.sebgroup.com/ssp

Assess the risks involved for you

Calculate the effect monthly savings will have on your finances

Get more information if required, e.g. from the extranet, external advisor etc.

If you want to participate from the start:

Apply no later then 30 September 2012 at www.sebgroup.com/ssp!

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