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

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