SpareBank 1 SR-Bank: Sale of shares in Bank 1 Oslo Akershus AS approved

Reference is made to the stock exchange notice dated 18 January 2013 regarding the increase of Sparebanken Hedmark's ownership share in Bank 1 Oslo Akershus AS from 12 to 40.5 per cent through an acquisition of shares from SpareBank 1 SR-Bank, SpareBank 1 SMN and SpareBank 1 Nord-Norge.

The Norwegian Ministry of Finance has today approved Sparebanken Hedmark's acquisition of shares in Bank 1 Oslo Akershus AS, and the transfer of shares is expected to take place on 2 May 2013.

Stavanger, 26 April 2013

Inge Reinertsen, Chief Financial Officer, tel. +47 909 95 033
Thor-Christian Haugland, EVP Communications, tel. +47 480 31 633
Vidar Torsøe, VP Investor Relations, tel. +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.