SEB Bankas AB - Notification on material event

Regarding the decision of the Competition Council of the Republic of Lithuania

Vilnius, Lithuania, 2012-12-20 14:43 CET (GLOBE NEWSWIRE) -- 
On 20 December 2012 the Competition Council of the Republic of Lithuania        
 (hereinafter the Competition Council) adopted a decision whereby after         
 considering all the circumstances under investigation has found AB SEB bankas  
 and several other entities in breach of Article 5 of the Law on Competition,   
 prohibiting anticompetitive agreements, and in view of the nature and the scope
 of the actions concerned, the agreements concluded between AB SEB bankas and   
 several other entities have been found to have impact on the trade between the 
 EU member countries and thus violate Article 101 of the Treaty on the          
 Functioning of the European Union.                                             

The Competition Council imposed fines exceeding LTL 57 million on AB SEB bankas
and several other entities for agreements which restricted competition in
cash-in-transit (CIT) and cash handling services' markets. AB SEB bankas was
imposed with a LTL 24 808 200 fine. SEB bankas will appeal the decision of the
Competition Council. 

This notification is non-confidential.

Raimondas Kvedaras, President of AB SEB bankas.

20 December 2012, Vilnius


         Arvydas Žilinskas, Head of Media Relations of AB SEB bankas, tel. +370
5 268 1198, is authorized to provide additional information regarding the
material event.