Skandinaviska Seb Postpones The Agm Until A Later Date

TIDMSEBA

As a result of the recent outbreak of the novel coronavirus COVID-19, we
find ourselves in an exceptional market situation and in an economic
situation that is difficult to assess. The increased risk level
regarding the spread of the virus has led authorities in Sweden to
introduce restrictions for events and travels. SEB has one of the most
highly attended annual general meetings in Sweden, with more than 1,200
shareholders registered to attend this year. Of those, a majority are
older than 70 years. We therefore have a special responsibility in
safeguarding the health of our shareholders and our employees. The AGM
was originally scheduled to be held at Konserthuset in Stockholm on 23
March at 1 p.m.

SEB has a strong liquidity position and a solid capital buffer. SEB is
now fully using that strength to support its customers and thereby
society at large in these challenging times. The board's

dividend proposal for 2019 was motivated by the bank's strong capital
position as well as a solid financial result, but given the exceptional
global developments it is today difficult to assess to

what extent SEB's customers will need further financing and support. To
allow even more room for SEB to act in the interest of customers and
shareholders, SEB's board will analyse the situation before evaluating
the dividend proposal for 2019.

As a result, the SEB Board of Directors has made the decision today to
postpone the AGM until a later date.

"The decision to postpone the annual general meeting is the result of an
overall assessment. We are in an uncertain situation regarding the
spread of the virus and the consequences of the ongoing COVID-19
pandemic. There is also uncertainty about the rapidly changing economic
situation, which is difficult to assess. Our main task is to contribute
with financial support and advice to SEB's customers in this challenging
period. We are doing our utmost to support our customers in maintaining
their operations and keeping their vitality for the future", says Marcus
Wallenberg, Chair of the Board of Directors of SEB.

SEB will publish a new invitation to the AGM no later than four weeks
prior to the new date. The AGM will at the latest be held on 30 June, in
accordance with existing legislation.

For further information, please contact

Christoffer Geijer, Head of Investor Relations

+46 (0)8 763 8319

christoffer.geijer@seb.se
https://www.globenewswire.com/Tracker?data=wM6B0CSiLn6MYYBbCW7E0B14vbDUhkUXUvBKDJK0NSHtLSXAM6TDJpbGbNkpW1ZACOBlQ-Sk7havuNio2NrIFIz5N7E5zLxDjpcQGbesYo0ZWQcdyy7K55Y_ogRXDCQv

Press contact

Frank Hojem, Head of Communications

+46 (0)8 763 9947

https://www.globenewswire.com/Tracker?data=_Ug2LX6eGjqL2-vlqJwbMe0o6pxo4DRT--4pDc5G9IvLmhTTWNB1FGE8WRDEBzBVB_DI8RvSaoijtb50oL0wHqbKxBR-CTf0r9MPETcpmP4=
frank.hojem@seb.se

SEB is a leading Nordic financial services group with a strong belief
that entrepreneurial minds and innovative companies are key in creating
a better world. SEB takes a long-term perspective and supports its
customers in good times and bad. In Sweden and the Baltic countries, SEB
offers financial advice and a wide range of financial services. In
Denmark, Finland, Norway, Germany and UK 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. At 31 December 2019, the Group's total assets
amounted to SEK 2,857bn while its assets under management totalled SEK
2,041bn. The Group has around 15,000 employees. Read more about SEB at
https://www.globenewswire.com/Tracker?data=sihC_ajRgCWnDnyG8RSxetuVO4uDzvWInn8N67Q5gUgc6IwEbJnahPKVyBERhTvGn2ByQauGOYCD6iyg9_JooLC7S8n2eIqpx3YsG_Cavuw=
http://www.sebgroup.com.

Attachment

-- 15 200319 SEB postpones the AGM until a later date
https://ml-eu.globenewswire.com/Resource/Download/34451db5-6da9-4868-8f05-71214a5a300f

(END) Dow Jones Newswires

March 19, 2020 07:04 ET (11:04 GMT)

FTSE 100
Index Chart
From Mar 2024 to Apr 2024