Dear depositors!

We would like to inform you that on the basis of SEB banka Board decision No. 2010-VL-118 of June 15, 2010 "On Changes of Deposit offering", changes in the existing terms and conditions of the Deposit Agreement will come into effect as of July 12, 2010. These changes will affect not only new deposits made from July 12, 2010, but also the existing terms and conditions of Special, Simple, Short-term, and Open Deposit agreements.

The changes provide that from July 12, 2010 the name of Open Deposit will be changed to "Savings Account". Furthermore, the changes provide that henceforth cash pay-in/pay-out from the Savings Account shall not be possible and all cash operations shall be made using the Current Account. Taking into consideration our Client's wishes, the deadline for submitting the application for withdrawing money from the Savings Account is also changed. According to the price list henceforth money withdrawal from the Savings Account shall be notified 7 days in advance instead of the previous term of 30 days! In connection with these changes You do not need to renew their Open Deposit Agreement.

To improve the existing offering of deposit products, SEB banka has made changes also in the terms and conditions of the Simple Deposit Agreement. The changes provide that henceforth the Simple Deposit will not be automatically extended after 15 calendar days following the end of the deposit term as this is stipulated in the terms and conditions of the Deposit Agreement currently in force. In addition, the new terms and conditions of the Deposit Agreement provide that henceforth cash pay-in/pay-out from the deposit account shall not be possible and all cash operations shall be made using the Current Account. Changes concerning cash operations do not apply to Simple Deposit agreements currently in force.

The new general edition of terms and conditions of the Deposit Agreement shall be binding also to Short-term Deposit who has placed a deposit in SEB banka before July 12, 2010.

The terms and conditions of the Special Deposit are not attached to the general edition of terms and conditions of Deposit Agreements. The new edition of terms and conditions of the Special Deposit Agreement provides that henceforth the Special Deposit will not be automatically extended after 15 calendar days following the end of the deposit term as this is stipulated in the terms and conditions of the Deposit Agreement currently in force; furthermore, for Clients who have placed deposits before July 12, 2010 the terms and conditions of the Special Deposit continue to be in force until the end of the deposit term. You can get acquainted with the new edition of terms and conditions of the Special Deposit Agreement  here or in any client service centre of SEB banka!

You can get acquainted with the new general edition of terms and conditions of the Deposit Agreement and the new Unified Service Price List with respect to Deposits in any client service centre of SEB banka or here:

 Deposit Agreement

 Unified Service Price List

If by the date of coming into force of these changes - July 12, 2010 - you do not submit to the Bank a notice of termination of the Deposit Agreement we will consider that you have agreed to the changes and additions to the Deposit terms and conditions, as well as to the Unified Service Price List with respect to Deposits.

Wishing you successful investments,

SEB banka