Press Release - Stockholm 2002-04-17

Today, Hi3G announced that the company has reached an agreement with SEB regarding co-operation in the area of 3G Banking. SEBs and Hi3Gs customers will be able to easily use banking services through 3G mobiles - anytime and anywhere.

Through SEB's 3G banking service users will get access to a wide array of financial services such as management of personal finances, transactions and payments, trading facilities, news and financial tools. Hi3G aims to, together with SEB, provide the leading 3G banking solution on the Swedish market.

"We will make it possible for customers to actively manage their personal financial data in a simple way through 3G mobiles", says Chris Bannister, CEO, Hi3G. "Both SEB and Hi3G are leading players in the areas of e- and m-Banking and 3G respectively. This agreement adds a strategic edge of being forerunners to build market and to gain future business opportunities within the 3G market and banking services", Chris Bannister concludes.

"SEB has been a leader in Swedish e-banking development since the launch of our first Internet-services in 1996. This makes it a natural next step to continue the development of mobile banking-services in line with our customers' demands for flexibility and simplicity. 3G banking will even more expand our customers' possibilities to use modern technology as complement to personal meetings and contacts", says Fleming Carlborg, Head of SEB's Nordic Retail and Private Banking-division.

For more information please contact:

Niclas Lilja, Director Communications, Hi3G
Telephone: +46 7 33 55 70 90, e-mail: niclas.lilja@hi3gaccess.se
Fleming Carlborg, Head of Nordic Retail and Private Banking, SEB
Telephone: +46 8 763 7164, e-mail: fleming.carlborg@seb.se

Hi3G's ambition is to become the leader in the Scandinavian 3G market. The company has Swedish and Danish 3G licences and will offer attractive and innovative mobile multimedia services. Being a pure 3G company with global reach makes Hi3G focused and strong. The company is owned by Hutchison Whampoa (60%) and Investor AB (40%), who both have solid networks and industry track records worldwide. Hi3G is building its customer offering together with other Hutchison Whampoa companies that hold 3G licences in Australia, Austria, Hong Kong, Israel, Italy, and the United Kingdom. Please stay in touch and visit www.hi3gaccess.se.