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NONG: Adjusted Equity Certificate fraction

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Reference is made to the completed rights issue and private placements in SpareBank 1 Nord-Norge.

The Equity Certificate (EC) holders' share of the parent bank's equity, (EC fraction), has changed due to the completed rights issue and private placements, and transfer of funds from the Savings Bank's Fund to "Sparebankstiftelsen SpareBank 1 Nord-Norge".

The new EC fraction effective from 01.01.12 is calculated to be 42.43 %.  When distributing the parent bank result for the financial year 2011, 6/12 of the net proceeds from the rights issue and private placements are included in the calculation of the EC fraction.  The EC fraction for the accounting year 2011 is calculated to be 38.74 %.

Tromsø, 27 July 2011

Contact persons at SpareBank 1 Nord-Norge:
CFO Rolf Eigil Bygdnes: +47 905 19 774

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