SpareBank 1 Nord-Norge: Profit Sharing Employees 2005

SpareBank 1 Nord-Norge's Main Board of Directors have decided that the major portion of the Bank's profit sharing for employees for 2005 will be done through the allocation of Primary Capital Certificates (PCCs) to the employees.  In this connection, 130,040 PCCs have been acquired at an average cost of NOK 141.16, totalling approximately NOK 18.4 mill.  The PCCs will be distributed to the employees.
Tromsoe, 31. March 2006
Rolf Eigil Bygdnes

About Us

SpareBank 1 Nord-Norge is a leading provider of financial products and services in North-Norway. In addition to loans, deposits and payment transmission services, this also comprises most other savings products, as well as life- and non-life insurance products. Services and products are made available either by the bank and its subsidiaries, or through SpareBank 1 Gruppen AS's product companies.