SpareBank 1 SR-Bank ASA: Annual General Meeting held

The Annual General Meeting (AGM) of SpareBank 1 SR-Bank ASA was held on 28 April 2015 in Stavanger, Norway.

The AGM approved the annual accounts and annual report for 2014. The resolution also included the payment of a dividend for 2014 of NOK 2,00 per share for those who are shareholders as of 28 April 2015, with payment on 7 May 2015. The shares of SpareBank 1 SR-Bank ASA will be traded ex-dividend from 29 April 2015.

The general meeting resolves that the control committee will be wound up with effect from the entering into force of the new Act on Financial Undertakings and Financial Groups.

The AGM approved the Board of Directors proposed amendment to the articles of association.

The AGM further approved the nomination committee's proposal for election of members and deputy members to the supervisory board and election of chair and one member of the control committee until the control committee has been wound up with final effect.

The AGM gave the Board of Directors the authority to acquire and pledge own shares for a total nominal value of NOK 490,000,000. Holdings of shares the bank owns and/or pledge agreements cannot exceed 10% of the registered share capital. The shares may be purchased through the stock market. Each share may be bought at prices between NOK 1 and 150. The authorizations shall be valid for 12 months from approval of the annual general meeting.

The AGM further granted the Board of Directors power of attorney to issue hybrid Tier 1 securities and raise subordinated loan capital, together or individually, up to NOK 3,000,000,000 or equivalent in foreign currency. The authorization is valid for 18 months from approval of the annual general meeting.

This information is disclosed in compliance with section 5-12 of the Securities Trading Act.