The Main Board of Directors of SpareBank 1 Nord-Norge appointed Jan-Frode Janson as the new CEO on 3 May 2012. Janson comes from the position of Deputy CEO of Fokus Bank.

Jan-Frode Janson was born in 1969. He is a graduate in business management from the Bodø Graduate School of Business and has a doctorate in Industrial Economics and Technology Management from the Norwegian University of Science and Technology. Janson has widespread banking experience and a thorough knowledge of the challenges of the finance sector. He has been a member of Fokus Bank's group management since 2001, for the last seven years as Deputy CEO. His previous positions include general manager of ABB Installasjon Midt-Norge, marketing and production manager of Nidar AS and senior consultant/research scientist at the Norwegian University of Science and Technology/Sintef.

Jan-Frode Janson will take up the position of CEO of SpareBank 1 Nord-Norge on 1 January 2013.

Tromsø, 4 May 2012

SpareBank 1 Nord-Norge

Kjell Olav Pettersen
Chairman, Main Board of Directors

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