RNS No 8087w
SKANDINAVISKA ENSKILDA BANKEN
28 October 1999

RE: SE BANKEN

 GBP 20,000,000 SERIES 97/128 EMTN
 DUE: APRIL 2003
 ISIN: XS0086693503

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE
PERIOD 28OCT99 TO 28APR00 HAS BEEN FIXED AT  6.22984  PCT PER ANNUM.

THE COUPON AMOUNT DUE 28APR00 WILL AMOUNT TO:
GBP  31,234.54 PER GBP 1,000,000 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL:  44 171 508 3857/3855 OR FAX:  44 171 508 3881.

RATEFIX DESK
CITIBANK N.A., LONDON

END

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