On 28 October 2009, the Norwegian Financial Supervisory Authority (Kredittilsynet) granted Gjensidige Forsikring BA concession to acquire equity capital certificates in Private Placing 1 and Private Placing 2 in SpareBank 1 SR-Bank, as described in stock exchange announcement of 25th September 2009 and in prospectus dated 26th October 2009. Subsequent to this fact, there are no outstanding assumptions or conditions for such subscriptions.

 

The Norwegian Financial Supervisory Authority has granted Gjensidige Forsikring BA dispensation from the Act on Financing Activity and Financial Institutions Section § 2-8 with regulations regarding election of a representative or employee of Gjensidige Forsikring BA as a member of the board of directors of SpareBank 1 SR-Bank.

 

Stavanger, 4 November 2009

 

Contactpersons:

 

Chief Financial Officer Erling Øverland, tel.: +47 915 56542

Investor Relations Manager Kyrre M. Knudsen, tel. + 47 938 83 518