SEB reported improved third quarter 2013 results with increased operating leverage and profit. Key points include: 1) Operating profit increased 21% in Q3 and 15% year-to-date on higher net interest income and fees despite renewed regulatory uncertainty. 2) Business sentiment surveys show improved conditions in Sweden while operating expenses declined and pre-provision profits grew. 3) Divisional performance was strong across Retail, Wealth, Baltic, and Merchant Banking units though regulatory issues continue to impact the financial sector.

1. SEB January–September 2013
Results presentation
Annika Falkengren
President & CEO

2. Highlights Q3 2013
1
2
3
Improved business
sentiment
Increased operating
leverage
Renewed regulatory
uncertainty
2

3. Business conditions
Deloitte/SEB Swedish CFO Survey
70
65
60
55
50
45
40
35
30
2006
2007
2008
2009
2010
2011
2012
2013
3

4. Financial summary
Profit and loss (SEK m)
Q3-13
Total Operating income
Total Operating expenses
Profit before credit losses
Net credit losses etc.
Operating profit
Q3-12
%
10,324
-5,453
4,871
-253
4,618
9,681
-5,639
4,042
-185
3,857
7
-3
21
20
Jan-Sep
2013
Jan-Sep
2012
30,523
-16,626
13,897
-779
13,118
29,186
-17,128
12,058
-662
11,396
%
5
-3
15
15
Operating income by type, Q3 2013 vs. Q3 2012 (SEK bn)
Q3-13 Q3-12
Net interest
income
Q3-13 Q3-12
Net fee and
commissions
Q3-13 Q3-12
Q3-13 Q3-12
Net financial Net life insurance
income
income
4

5. Net interest income development
Net interest income
2012 YTD vs. 2013 YTD (SEK bn)
+5%
13.2
13.9
Net interest income type
Q3 2011 – Q3 2013 (SEK bn)
Lending
Q3-11
3.2
Q3-12
3.7
Q3-13
Deposits
0.8
Q3-11
0.6
Q3-12
Q3-13
0.5
0.5
Q3-12
Q3-13
Funding & other
Jan-Sep '12
Jan-Sep '13
Q3-11
5

6. Net fee and commission income development
Net fee and commissions
2012 YTD vs. 2013 YTD (SEK bn)
+9%
Gross fee and commissions by income type
Q3 2011 – Q3 2013 (SEK bn)
Advisory, secondary markets and derivatives
0.6
Q3-12
Q3-13
1.6
Q3-11
0.6
1.6
Q3
Q3-13
Custody and mutual funds
9.9
10.8
Q3-11
Payments, cards, lending, deposits & guarantees
2.1
Jan-Sep '12
Jan-Sep '13
Q3-11
Q3-12
2.6
Q3-13
6

7. Net financial income development
Net financial income development Q3 2011 – Q3 2013 (SEK bn)
GIIPS
NFI Treasury
& Other
1.2
1.1
-0.2
NFI Divisions
Q3-11
Q4
1.2
0.0
Q1
1.3
1.0
1.1
1.1
1.2
Q3-12
Q4
Q1
Q2
Q3-13
Q4-12
Q1-13
Q2-13
Q3-13
0.9
0.0
Q2
Average daily turnover of Swedish sovereign bonds
4%
3%
2%
1%
0%
Q3-11
Q4-11
Q1-12
Q2-12
Q3-13
7

8. Increased operating leverage
Average quarterly expenses (SEK bn)
Average quarterly income (SEK bn)
9.2
9.4
9.8
10.2
5.8
Avg 2010
Avg 2011
Avg 2012
Jan-Sep 2013
5.9
5.7
5.5
Avg 2010
Avg 2011
Avg 2012
Jan-Sep 2013
Operating leverage
Average quarterly pre-provision profit (SEK bn)
3.4
3.5
Avg 2010
Avg 2011
4.1
Avg 2012
4.7
Jan-Sep 2013
Notes: Excluding one-offs (restructuring in 2010, and bond buy-back and IT impairment in 2012)
Estimated IAS 19 costs in 2010
8

9. Divisional performance
Operating profit Jan-Sep 2013 vs. Jan-Sep 2012 (SEK bn)
Jan-Sep 2012
Jan-Sep 2013
5.9
4.1
1.2
Merchant Banking
RoBE
12.3%
Retail Banking
21.0%
Wealth Management
14.5%
1.3
1.0
Life
Baltic
18.9%
13.1%
9

10. Large Corporate financing
Credit portfolio
FX-adjusted, SEK bn
Sweden
SEK league table – Corporate bonds
12 month rolling (SEK bn)
Nordics
Germany
Other
616
597
SEB
25.1
23.8
Outside
Sweden
20.7
+23bn
18.5
11.2
Dec-2012
Sep-2013
Headline transactions Q3 2013
SEK 500m
Sole bookrunner
EUR 150m
Joint Bookrunner
EUR 750m
Joint bookrunner
EUR 685m
Joint Bookrunner
10

11. New customer interfaces
Internet bank 2.0
Mobile bank – Private & Corporate
Internet bank visits (millions)
Mobile bank visits – Private (millions)
6
5
4
3
2
1
0
6
5
4
3
2
1
0
2009
2010
2011
2012
2013
2009
2010
2011
2012
2013
11

12. Renewed regulatory uncertainty
1. Regulators
2. Proposed regulation
3. Banks & financial system
Others
gSIFI
Treasury
RRP living wills
RRP living wills
Risk
Retail ringfencing
Operations
Swaps spinoff
Swaps spinoff
Technology
Volcker rule
OTC execution
OTC execution
OTC clearing
Real time reporting
Real time reporting
Position limits
Short selling
Short selling
Business conduct
Skin in the game
Skin in the game
Rating agencies
RSP sales
RSP sales
Compensation
G20
Front office
gSIFI
Rating agencies
FSA
Collins Amend.
Business conduct
Fed
Collins Amend.
Position liimts
SEC
Banks
OTC clearing
CFTC
Basel 2.5 / III
Volcker rule
BCBS
Basel 2.5 / III
Retail ringfencing
European
Commission
Compensation
Exchanges
Clearinghouses
Data providers
Buy side
Corporates
Retail
Broader economy
Source: Oliver Wyman
12

13. Key financial figures
Total operations
Q3
2013
Q3
2012
Jan-Sep
2013
Jan-Sep
2012
Return on Equity, %
13.4
10.8
12.8
10.8
Common Equity Tier 1 ratio (B3), %
15.0
13.3
15.0
13.3
Cost /income ratio
0.53
0.58
0.54
0.59
Earnings per share, SEK
1.71
1.29
4.82
3.83
Credit loss level, %
0.08
0.11
0.08
0.08
13

14. Going forward
Customer
satisfaction
Continued
execution
A long-term
financial partner
14