The Supervisory Board of SpareBank 1 Nord-Norge has at their Annual General Meeting 29 March 2011 made the following resolution:

1. The proposed annual accounts and the proposed annual report for 2010 for the Parent Bank and for the Group are approved.
 
2. The cash dividend for 2010 per equity capital certificate (ECC) shall be NOK 5.75, totalling NOK 102.994.419,75

 Dividend will be paid to registered ECC-holders as at 29 March 2011. The ECCs will be quoted ex-dividend 30 March 2010.
 
3. NOK 103.100.117,29 is set aside for the Dividend Equalisation Fund.
 
4. NOK 195.166.039,33 is set aside as dividend to the Bank's self-owned capital with the following allocation:

· Bank's Donations Fund recognised in the balance sheet NOK   41.045.000,00
· Sparebankstiftelsen SpareBank 1 Nord-Norge  (Savings Bank Foundation)    NOK 124.121.039,33
· Donations (controlled by the regional Boards  of Directors/ Chief Executive Officer)   NOK  30.000.000,00

The Main Board of Directors is granted authority to perform the necessary transactions and grant the necessary authorities to carry out this item.

5. The Main Board of Directors is granted the authority to make payments from the Bank's Donations Fund recognised in the balance sheet in accordance with the rules and guidelines in force at any given time for the awarding of donations.

6. The Bank allocates NOK 195.387.854,10 to the Savings Bank's Fund.

Contact persons at SpareBank 1 Nord-Norge:
CEO  Hans Olav Karde; mob + 47 901 51981
CFO  Rolf Eigil Bygdnes; mob +47 905 19774

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