SE FINANCIAL CORP.


                    The leading proxy advisor recommends that
   SE Financial Corp. shareholders vote FOR our proposed stock benefit plans.

Dear Fellow Shareholders:

By now you should have  received a proxy  statement  and a proxy card for the SE
Financial Corp. Annual Meeting to be held on June 6, 2005. Among the items to be
voted on by  shareholders  at the meeting are the  approval of the Stock  Option
Plan and the Restricted Stock Plan. Institutional Shareholder Services (ISS) and
Glass Lewis are independent  companies hired by  institutional  shareholders and
pension  funds to  provide  advice to these  shareholders  on how to vote  their
shares.  These  independent  companies have recently reviewed our proposed Stock
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Option Plan and Restricted  Stock Plan and recommend  APPROVAL of these plans by
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the SE Financial Corp. shareholders.
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ISS states on its website that the research and proxy voting policies of ISS are
designed on the premise that good  corporate  governance  ultimately  results in
increased shareholder value. The recommendations of ISS and Glass Lewis in favor
of the  proposed  plans are in addition to the  unanimous  recommendation  of SE
Financial Corp.'s own Board of Directors in favor of the plans.

We would also like to take this  opportunity to let you know that on May 18th SE
Financial Corp. declared a regular quarterly dividend of $0.03 per share payable
on June  10th to  shareholders  of record  as of May  31st.  This is our  fourth
quarterly cash dividend since we completed our IPO in May 2004.

SE FINANCIAL CORP.


/s/ Marcy C. Panzer                                     /s/ Pamela M. Cyr
Marcy C. Panzer, Chairman                               Pamela M. Cyr, President

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          PLEASE VOTE IN FAVOR OF ALL PROPOSALS TO BE PRESENTED AT THE
            MEETING, INCLUDING APPROVAL OF THE STOCK OPTION PLAN AND
                             RESTRICTED STOCK PLAN.

            We need your vote regardless of how many shares you own.

        If you have mailed your proxy card, please accept our thanks and
                            disregard this request.