16LO Solar12-1 3.61%

RNS Number:0463M
Skandinaviska Enskilda Banken
23 October 2001

DATE:  19 OCTOBER 2001

RE:  SKANDINAVISKA ENSKILDA BANKEN AB
     HKD 100,000,000 SERIES 167B EMTN
     DUE MARCH 2003
     ISIN:  XS0126266146

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE 
PERIOD 19OCT01 TO 19NOV01 HAS BEEN FIXED AT 2.62089 PCT PER ANNUM.

THE COUPON AMOUNT DUE 19NOV01 WILL AMOUNT TO: 
HKD 1,112.98 PER HKD 500,000 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL:  44 207 508 3855/3855 OR FAX: 44 207 508 3881.

RATEFIX DESK
CITIBANK N.A., LONDON

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