1. Annika Falkengren
President and CEO
Result
presentation
2010

2. Highlights
Income
Solid results given present
macroeconomic climate
Provisions for credit losses
Lower provisioning for credit losses
and no new NPL formation
Nordic growth plan initiated
2

3. Profit and loss trend
Profit and loss development Q1-08 – Q1-10 (SEK bn)
11.4
9.9
9.4
7.2
6.1 6.4
2.4 3.2
1.9
Q1-10 Q1-10 Q1-10
Income Operating expenses Net credit losses
Operating profit (SEK bn)
4.0
3.5
2.4 2.5
1.8
1.1
0.6 0.4 0.6
Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10
3

4. Income statement Q1 2010
Profit and loss (SEK m)
Q1-10 Q4-09 % Q1-09 %
Total operating income 9,372 9,874 -5 11,430 -18
Total operating expenses -6,367 -6,126 +4 -6,650 -4
Profit bef credit losses & GW 3,005 3,748 -20 4,780 -37
Goodwill 0 0 -594 -100
Profit before credit losses 3,005 3,748 -20 4,186 -28
Net credit losses etc -1,930 -3,184 -39 -2,384 -19
Operating profit 1,075 564 +91 1,802 -40
Operating income by type, Q1 vs. Q4 (SEK bn)
+5% -10%
3.7 3.9 3.9 9%
9%
3.5
10%
10%
2% 41%
-6%
0.9 1.0 0.9 0.9
37%
Q4-09 Q1-10 Q4-09 Q1-10 Q4-09 Q1-10 Q4-09 Q1-10
Net interest Net fees and Net financial Net life insurance
income commissions income income
4

5. Net interest income development
NII 2008 – 2010 (SEK bn)
6
5
4
3
2
1
0
Q1-08 Q2 Q3 Q4 Q1-09 Q2 Q3 Q4 Q1-10
NII by income type 2008 – 2010 (SEK bn)
3.1 3.2 3.2 3.2 3.1
2.8
2.5 2.6 2.4
1.8
1.6 1.5
1.3 1.3 1.3 1.1 1.1 1.0
0.8 0.7
0.6 0.4 0.5 0.3 0.5
0.2
-0.2
Q1- Q2 Q3 Q4 Q1- Q2 Q3 Q4 Q1- Q1- Q2 Q3 Q4 Q1- Q2 Q3 Q4 Q1- Q1- Q2 Q3 Q4 Q1- Q2 Q3 Q4 Q1-
08 09 10 08 09 10 08 09 10
Lending Deposits Funding & other
5

6. Commission income development
Gross fee and commission Q1 vs. Q4 Nordic ECM markets
(SEK bn) Deal value (EUR bn) Number of Deals
9 90
Q4-09 8 80
7 70
6 60
Q1-10 -5% 5 50
4 40
+3% 2.0 3 30
1.9 2 20
1 10
1.7 1.7 0 0
Q104 Q105 Q106 Q107 Q108 Q109 Q110
Source: Dealogic
-8% Card turnover (SEK bn)
-63% 70
0.7 0.6
60
0.5
50
0.2
40
New issues & Secondary Custody & Payment,
30
advisory market & mutual funds cards, lending,
derivatives deposits,
guarantees 20
Q1-04 Q1-05 Q1-06 Q1-07 Q1-08 Q1-09 Q1-10
6

7. Cost development
Cost distribution (SEK bn) No of FTEs
20,656 20,430
19,912
19,562
19,032
IT & Staff costs
admin 3.9
Q1-09 Q2 Q3 Q4 Q1-10
Staff costs (SEK bn)
4.4 4.3 3.9
2.5 3.7
3.2
Q1-09 Q2 Q3 Q4 Q1-10
IT & admin costs (SEK bn)
Goodwill impairment
2.4
0.6
2.3 2.4 2.3 2.9 2.5
Q1-09 Q2 Q3 Q4 Q1-10
7

8. Divisional performance
Operating profit Q1-10 vs. Q4-09 (SEK m)
2,492
2,066 RoE
Sweden: 15%
Germany: Neg
Cards: 24%
740 827
442 317 402 360
Merchant Banking Retail Banking Wealth Life Baltic
Management
-1,205
Q4-09 Q1-10 -2,391
RoE Q1-10 21% 7% 20% 35% Neg.
8

9. Nordic corporate banking expansion
Norway Goals of Nordic expansion Sweden
● #1 position in equities, FX  Gain new large and ● The #1 wholesale bank
and corporate finance mid corporate clients ● Maintain the leading
● Top three position in  Improve corporate banking position, further build on
corporate banking franchise by leveraging strong client relationships
 Enhance the strong existing platform  Create regional
corporate banking position corporate hubs
further
Finland Denmark
● #1 position in equities ● #1 position in equities
● #2 in corporate banking ● Improved position as top
● Strong investment 3 in corporate banking
banking franchise and corporate finance
 Go from supplier of  Further strengthen
advanced products to corporate banking
long-term core position
relationship bank
9

10. Customers in focus
Large corporates and institutional clients
 Market share leader &
Corporates
Nordic stock exchanges #1 FX House in the
Nordic region
 Customer base +10% in
Nordics outside Sweden
 #1 in Nordic M&A Best Nordic bank for cash Lead Manager
(50% market share) management and bank Green Bond,
liquidity management World Bank
 Assets under Custody
Institutions
+SEK 300bn in Q1.
Back to 2007 levels
 Strong net sales within #1 Equity House in Best Sub Custodian
Wealth: SEK 14bn the Nordics Nordics & Baltics
10

11. Customers in focus
Private and SME customers
 300,000 customers
joining “Enkla vardagen” "Best private banking
 New savings account in Sweden”
Private
with 1.05% interest rate  350 new private
banking clients Q1
 Stable market share in a
growing Swedish  Solution oriented products
mortgage market  Highest net inflow of
 Life: +5% in new sales Equity & bonds funds
 Increasing market share
 Assisting more than
SMEs
400,000 SMEs group-
wide
 SEK 76bn in lending
(+6%)
11

12. Development of credit portfolio
Credit exposure 2007-2010 (SEK bn)
800
Sector ∆Q4
700
Corporates -1.5%
600
Asset Quality
500 Households -0.4%
400
300
Banks -18.1%
200 Property mgmt -1.2%
100
Public admin -5.3%
0
2007 2008 2009 2010
12

13. Baltic asset quality
Private Corporate
Non-performing loans (EUR bn) Non-performing loans (EUR bn)
1.5 1.5
1.0 1.0
0.5 0.5
0.0 0.0
Q4-08 Q1-09 Q2 Q3 Q4 Q1-10 Q4-08 Q1-09 Q2 Q3 Q4 Q1-10
Unemployment is up Exports have rebounded
(YoY % change) (YoY % change)
20 60
40
15
20
10
0
5 -20
0 -40
02 03 04 05 06 07 08 09 10 02 03 04 05 06 07 08 09 10
Source: National statistical offices Source: Reuters EcoWin
Estonia Latvia Lithuania
13

14. Swedish asset quality
Private Corporate
Loan-to-value Share of portfolio Credit exposure
Other
>80% 4% Baltic
51-80% 21%
Germany Sweden
0-50% 75% 8bps
Other Nordic loss rate
Swedish household interest payments Swedish bankruptcy rate 1990-2010
(as % of disposable income) (number of bankruptcies per month)
2,500
12
10 2,000
8 1,500
6
1,000
4
2 500
0 0
1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 1985 1990 1995 2000 2005 2010
Source: National statistical office, Riksbank, SEB Source: Datastream
14

15. SEB is well prepared for the new
regulatory landscape
Dec Apr Summer Dec
2009 2010 2010 2010 2012
Consultative proposal >250 answers in Quantitative analysis Decision
the consultation and consultation
● Leverage ratio
● Swedish mortgages
● Corporate deposits
Bank capital Supplementary Liquidity & Cyclical & Additional risk
redefined leverage ratios funding systemic effects exposures
15

16. SEB is well prepared for the new
regulatory landscape
Dec Apr Summer Dec
2009 2010 2010 2010 2012
.9%
3analysis Decision
tio 1 .5%
>250 answers in raQuantitative
ier 1 and consultation
Consultative proposal
T
the consultation
ra tio 5 ding
age fun
L ever matched 7%
ths tio 7
>18 mon serve ra
To tal re
● Leverage ratio
● Swedish mortgages
● Corporate deposits
Bank capital Supplementary Liquidity & Cyclical & Additional risk
redefined leverage ratios funding systemic effects exposures
16

17. Strong asset quality trends
Investments in strong corporate franchise
Positioned for new regulatory environment
17

18. 18