Disclosure of increased ownership in Sandnes Sparebank (SADG)

SpareBank 1 SR-Bank has subscribed for and been allocated 2,500,000 equity certificates in the rights offering in Sandnes Sparebank ( SADG ) . The subscription will result in SpareBank 1 SR- Bank's stake in the company's equity certificates exceeding flag threshold of 15%. SpareBank 1 SR-Bank owns after the offering 3,485,009 equity certificates of the Company, representing 15.14 % of the equity certificates in the company after the share issue.

About Us

SpareBank 1 SR-Bank is the second largest Norwegian financial group and operates in most parts of South Norway which includes Rogaland, Agder, Vestland and Oslo. We provide financial products and services to over 300 thousand customers, including loans and deposits, mutual funds and asset management, insurance and pension savings, payment and financing services, real estate brokerage, accounting services and services related to the money and capital market. The head office is in the city of Stavanger.