SADG - Disclosure of large holdings

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SpareBank 1 SR-Bank has after close of Oslo Stock Exchange on November 26th 2010 acquired 714.509 equity certificates in Sandnes Sparebank (SADG) at NOK 97,- per certificate. After this acquisition SpareBank 1 SR-Bank owns 10,06 per cent of the outstanding equity certificates in Sandnes Sparebank.

Stavanger, 29 November 2010.

Contact persons:

Inge Reinertsen, CFO, telephone +47 909 95 033
Thor-Christian Haugland, Executive Vice President Communications, telephone +47 480 316 33
Vidar Torsøe, Director Investor Relations, telephone +47 970 80 656

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

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