61KN Westpac 24 S

RNS Number:9694A
Skandinaviska Enskilda Banken
17 November 1999

Self Trade spreads ownership - increase value for SEB

Tomorrow, by means of a private placement, French Internet broker Self Trade
will announce a EUR 40 million (approx. SEK 345 million) equity increase.

The new institutional investors are: Fondiaria, which is one of Italy's leading
insurance companies, and France's Rothschild Group, through it holding company
Paris Orleans and its branch Francarep.  Other shareholders, amongst them SEB,
have also participated in the issue.

After the private placement the voting rights will be distributed as follows:

-  SEB:                             34% (20,4% of the share capital)
-  Founders and Senior Management   23,4%
-  Net Partners:                    12,4%
-  Salomon Oppenheim:                8,1%
-  Paris Orleans/Francarep:          2,6%
-  Fondiaria:                        2,6%
-  Others:                          16,9%

SEB went in as reference shareholder, with 25 per cent of the share capital
which was approximately SEK 13 million, when Self Trade started up in October
1998; after which SEB has participated in two smaller issues totalling around
SEK 10 million prior to this issue which was the equivalent of SEK 68 million. 
Based on the issuing value SEB's holding after this issue will be approximately
SEK 350 million, of which the book-value is SEK 90 million.

Today, Self Trade is one of the leading European Internet brokers.  Self Trade
has 8,000 customers in France and executes around 3,000 trades per day.  Self
Trade is planning expansion into Frankfurt, London, Madrid and Milan.

For further information, please contact:

Gunilla Wikman, Head of Group Communications at SEB, Telephone: +46 8 763 8125
Lotta Treschow, Head of Investor Relations at SEB, Telephone: +46 8 763 9559
Lars Gustafsson, Executive Vice President and CIO, SEB, Telephone: +46 8 221900

END

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