SpareBank 1 Nord-Norge: Capital increase formally registered

Reference is made to the stock exchange notices of 3 and 4 October 2013 in connection with the completed rights offering and employee offering in SpareBank 1 Nord-Norge. The capital increase in connection with the rights offering and the employee offering have now been registered in the Norwegian Register of Business Enterprises (Foretaksregisteret).

The new equity certificate capital in SpareBank 1 Nord-Norge is NOK 1,807,164,288 consisting of 100,398,016 equity certificates, each with a nominal value of NOK 18.

Allocated equity certificates will be registered on each subscriber's VPS account on 9 October 2013 provided that the outstanding amount for each subscriber has been settled. The new equity certificates issued under the rights offering are eligible for trading on the Oslo Stock Exchange from 10 October 2013. The equity certificates issued in the employee offering are bound by a 3 year lock-up period from the date the equity certificates are registered on the subscribers' VPS accounts.

Arctic Securities, SpareBank 1 Markets and SpareBank 1 Nord-Norge Markets have acted as managers in the rights issue. 

Tromsø, 9 October 2013

Contact persons at SpareBank 1 Nord-Norge:
CEO Jan-Frode Janson; mob. +47 909 75 183
CFO Rolf Eigil Bygdnes; mob. +47 905 19 774

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

About Us

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.