Skandinaviska Enskilda Banken

RE: Skandinaviska Enskilda Banken
    EUR 750,000,000.00
    MATURING: 22/Sep/2006
    ISSUE DATE: 22/Mar/2005
    ISIN: XS0215474098

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22/Dec/2005 TO 22/Mar/2006 HAS BEEN FIXED AT 2.489000 PCT.

DAY BASIS 90/360

INTEREST PAYABLE VALUE 22/Mar/2006 WILL AMOUNT TO
EUR 311.13 PER EUR 50,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.
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