Capital increase registered for SpareBank 1 SMN

9/24/2012 5:11 AM EST

Not for release, publication or distribution in the United States, Canada,
Australia or Japan.

The capital increase in connection with the private placement in SpareBank 1
SMN, which was announced in a press release 14 September 2012, has now been
registered in the Norwegian Register of Business Enterprises
(Foretaksregisteret), and has subsequently been carried out.

SpareBank 1 SMN's new equity certificate capital is NOK 2,596,728,860,
consisting of 129,836,443 equity certificates, each with a nominal value of NOK
20.

Allocated equity certificates will be delivered to each subscriber's VPS account
on or about 24 September 2012 provided that the outstanding amount for each
subscriber has been settled.  The new equity certificates will be tradable on
the Oslo Stock Exchange from 25 September 2012.

SpareBank 1 Markets acted as Global Coordinator and Bookrunner, and SpareBank 1
SMN Markets and Swedbank First Securities acted as Joint Lead Managers for the
private placement.

Trondheim, 24 September 2012

Contact persons at SpareBank 1 SMN:
CFO Kjell Fordal; mob +47 905 41 672
Head of Corporate Communications Hans Tronstad; mob + 47 941 78 322

About SpareBank 1 SMN
SpareBank 1 SMN is the region's leading financial services group. It leads the
retail and corporate market, and is positioned in 43 localities across the
region's municipalities with a total of 52 offices.

We aim to be the recommended bank for customers in Trøndelag and in Møre and
Romsdal. Being a local, independent savings bank we feel a special
responsibility for stimulating growth and prosperity in the region. We base our
business on closeness to our customers, good accessibility, a full product range
and comprehensive financial advisory services.

Our head office is in Trondheim. The Group employs about 1,200 staff and
includes the following subsidiaries: SpareBank 1 SMN Finans, EiendomsMegler 1
Midt-Norge, Allegro Finans and SpareBank 1 SMN Regnskap. It is the largest
shareholder in BN Bank with a 33% stake.

SpareBank 1 SMN is one of six owners of SpareBank 1 Gruppen. For further
information, visit our website at www.smn.no.

* * * * *

Disclaimer
This document does not constitute an offer to sell or the solicitation of an
offer to buy the securities of SpareBank 1 SMN (the "Securities") in the United
States or in any other jurisdiction. The Securities may not be offered or sold
in the United States absent registration or an exemption from registration under
the U.S. Securities Act of 1933, as amended. The issuer of the Securities has
not registered, and does not intend to register, any portion of the Private
Placement in the United States or in any other jurisdiction, and does not intend
to conduct a public offering of the Securities in the United States or in any
other jurisdiction. Copies of this document are not being made and may not be
distributed or sent into the United States, Canada, Australia or Japan.

This document is only being distributed to, and is only directed at, persons in
the United Kingdom that are qualified investors, as that term is defined in
section 86(7) of the Financial and Services Markets Act 2000, that are also (i)
"investment professionals" falling within Article 19(5) of the Financial Service
and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii)
"high net worth entities" and other persons to whom it may lawfully be
communicated, falling within the meaning of Article 49(2)(a) to (d) of the Order
(all such persons being "relevant persons"). The Securities are only available
to relevant persons and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such Securities will be engaged in only with
relevant persons. Any person who is not a relevant person should not act or rely
on this document or any of its content.

Forward-looking statements
This document includes "forward-looking statements" that involve risks,
uncertainties and other factors, many of which are outside of our control that
could cause actual results to differ materially from the results discussed in
the forward-looking statements. Forward-looking statements include statements
concerning our plans, objectives, goals, future events, performance and/or other
information that is not historical information. We undertake no obligation to
publicly update or revise forward-looking statements to reflect subsequent
events or circumstances after the date made, except as required by law.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)



[HUG#16