Oddmund Åsen resigns as Executive Vice President of SpareBank 1 Nord-Norge

Executive Vice President Oddmund Åsen has chosen to invoke the option in his pension agreement to resign from SpareBank 1 Nord-Norge after turning 60.

Oddmund Åsen has a long career in finance to look back on. He was CFO at Nordlandssykehuset and with Nordland county municipality before being appointed CFO of Sparebanken Nordland, which subsequently became part of SpareBank 1 Nord-Norge. Åsen has held the position as Executive Vice President of SNN since 1996.

Since he took up position as EVP in 1996, Oddmund Åsen has contributed to developing SpareBank 1 Nord-Norge into one of Norway's most robust financial undertakings.

Åsen retires his position on 1 August 2013.

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

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SpareBank 1 Nord-Norge is a leading provider of financial products and services in North-Norway. In addition to loans, deposits and payment transmission services, this also comprises most other savings products, as well as life- and non-life insurance products. Services and products are made available either by the bank and its subsidiaries, or through SpareBank 1 Gruppen AS's product companies.