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NONG - NEW TIER 2 AND TIER 1 ISSUES

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SpareBank 1 Nord-Norge (the "Bank") currently considers issuing a new Tier 1 perpetual bond of up to NOK 500 million and a new Tier 2 bond of up to NOK 500 million.

The bond issues were authorized in meetings of the Supervisory Board (Representantskapet) in SpareBank 1 Nord-Norge on the 30th of March 2012. The approval and accompanying guidelines related to the issuance were given by letter from the Financial Supervisory Authority of Norway (Finanstilsynet) as of 28 November 2012.

The Financial Supervisory Authority of Norway also gave the Bank approval to call NONG42 PRO (ISIN: NO0010413008).

Arrangers are Danske Bank Markets, SpareBank 1 Nord-Norge Markets and SpareBank 1 Markets.

Contact persons at SpareBank 1 Nord-Norge:
CFO Rolf Eigil Bygdnes   tel +47 905 19 774
Head of Treasury Ronny Løvberg Sørensen  tel + 47 971 05 220

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