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2014-05-28

SEB: SEB to sell card acquiring business to Nordic Capital

As the leading Nordic corporate bank SEB offers corporate customers a broad
range of products and services, where efficient payment solutions form an
important part. SEB is the leading provider of corporate cards in the Nordic
countries, with nearly four million cards issued under brands such as
Eurocard, MasterCard, Visa and Diners Club. SEB's card business also includes
the card acquiring company Euroline AB. SEB has now signed an agreement for
the sale of Euroline AB to Nordic Capital for SEK 2.2bn on an enterprise
value basis.

Euroline has a strong market position, especially in e-commerce and travel
operations, and provides acquiring services to SEB's corporate customer
corresponding to business volumes of approximately SEK 100bn and over 200
million transactions per year. In connection with the sale of Euroline SEB is
establishing a cooperation agreement with Nordic Capital regarding card
acquiring.

"In recent years we have been focusing the bank's activities in core areas and
where we can create the greatest long-term value for our customers.
Regulatory changes and rapid technological developments means that the card
acquiring business requires both larger scale and heavy investment in
technology going forward. The sale of Euroline is an example of how we can be
instrumental in developing financial infrastructure and solutions which
benefit the customers. Nordic Capital has a good track record of developing
companies in the sector and with them as owners Euroline will offer our
business customers even better acquiring solutions and geographic coverage,"
says Annika Falkengren, SEB's President and CEO.

The business to be divested includes over 50 employees. The transaction is
expected to close during the fourth quarter of 2014, subject to the necessary
approvals. SEB expects to book a capital gain of approximately SEK1.9bn.

Before the transaction closes, SEB has an option to invest up to 25 percent in
the new card acquiring business Nordic Capital intends to develop.

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|For more information, please contact |
| |
| |
|Viveka Hirdman-Ryrberg, Head of Corporate Communications |
|+46-70-550 3500 |
|Ulf Grunnesjö, Head of Investor Relations, +46-70-763 8501 |
|SEB is a leading Nordic financial services group. As a relationship bank, SEB |
|in Sweden and the Baltic countries offers financial advice and a wide range |
|of other financial services. In Denmark, Finland, Norway and Germany the |
|bank's operations have a strong focus on corporate and investment banking |
|based on a full-service offering to corporate and institutional clients. The |
|international nature of SEB's business is reflected in its presence in some |
|20 countries worldwide. On March 31, 2014, the Group's total assets amounted |
|to SEK 2,651 billion while its assets under management totalled SEK 1,504 |
|billion. The Group has about 16,000 employees. Read more about SEB |
|atwww.sebgroup.com. |
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Press release (PDF)
http://hugin.info/1208/R/1788948/614777.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SEB via Globenewswire

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