SADG - Disclosure of large holdings

SpareBank 1 SR-Bank has after close of Oslo Stock Exchange on November 26th 2010 acquired 714.509 equity certificates in Sandnes Sparebank (SADG) at NOK 97,- per certificate. After this acquisition SpareBank 1 SR-Bank owns 10,06 per cent of the outstanding equity certificates in Sandnes Sparebank.

Stavanger, 29 November 2010.

Contact persons:

Inge Reinertsen, CFO, telephone +47 909 95 033
Thor-Christian Haugland, Executive Vice President Communications, telephone +47 480 316 33
Vidar Torsøe, Director Investor Relations, telephone +47 970 80 656

This information is subject of the disclosure requirements acc. to §5-12 vphl (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.