Mandatory notification of trade in SpareBank 1 SR-BANK ASA's issues

The attached list gives an overview of purchases and sales of subscription
rights and subscriptions for shares carried out by primary insiders of SpareBank 1 SR-Bank ASA and the primary insiders' related parties in connection with the rights offering and the employee offering.
The sales and purchases of subscription rights and the subscriptions for new shares as specified in the list were conducted 21 May 2012. Shares were subscribed according to subscription rights and/or in the employee offering.
The subscription period is from 18 May 2012 to 1 June 2012. The subscription
price in the rights offering and the employee offering is NOK 27 per new shares.
New shares will be allocated on or about 7 June 2012.

Contact persons:
Inge Reinertsen, Chief Financial Officer, tel. +47 909 95 033
Thor-Christian Haugland, Executive Vice President Communications, tel. +47 480 31 633
Vidar Torsøe, Vice President Investor Relations, tel. + 47 970 80 656

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Us

SpareBank 1 SR-Bank is Norway’s second largest savings bank and operates in the Rogaland, Agder and Hordaland markets. We provide financial products and services, including loans and deposits, mutual funds and asset management, insurance and pension savings, payment and financing services, real estate brokerage and services related to the money and capital market. The head office is in Stavanger.