Global Programme for the Continuous Issuance of Debt Instruments


This Supplement (the "Supplement") to the Information Memorandum (the "Information Memorandum") dated 5th July, 2005 which comprises a Base Prospectus constitutes a supplementary prospectus for the purposes of Section 87G of the Financial Services and Markets Act 2000 (the "FSMA") and is prepared in connection with the Global Programme for the Continuous Issuance of Debt Instruments (the "Programme") established by Skandinaviska Enskilda Banken AB (publ) ("SEB").  Terms defined in the Information Memorandum have the same meaning when used in this Supplement.
 
This Supplement is supplemental to, and should be read in conjunction with, the Information Memorandum and any other supplements to the Information Memorandum issued by SEB.
 
SEB accepts responsibility for the information contained in this Supplement.  To the best of the knowledge and belief of the SEB (which has taken all reasonable care to ensure that such is the case) the information contained in this Supplement is in accordance with the facts and does not omit anything likely to affect the import of such information.
 
On 28 October 2005, SEB published its consolidated unaudited interim financial statements (the "Interim Financial Statements") as at and for the nine month period ended 30 September 2005. A copy of SEB's interim report January - September 2005 has been filed with the Financial Services Authority and, by virtue of this Supplement, the Interim Financial Statements, together with the following sections of SEB's interim report January - September 2005 are incorporated in, and form part of, the Information Memorandum: the sections entitled "Balance sheet increase", "Credit portfolio", "Market risk", "Capital base and capital adequacy" and "Changes within the Group Executive Committee", each as set out on page 3 of interim report January - September 2005.
 
Copies of all documents or information incorporated by reference in the Information Memorandum can be obtained from SEB and the Paying Agent in London as described on page 4 of the Information Memorandum.
 
To the extent that there is any inconsistency between (a) any statement in this Supplement or any statement incorporated by reference into the Information Memorandum by this Supplement and (b) any other statement in or incorporated in the Information Memorandum, the statements in (a) above will prevail.
 
Save as disclosed in this Supplement and any Supplement previously issued, there has been no other significant new factor, material mistake or inaccuracy relating to information included in the Information Memorandum which is capable of affecting the assessment of Instruments issued under the Programme since the publication of the Information Memorandum.