SpareBank 1 SMN

SpareBank 1 SMN (OSL:MING) SpareBank 1 SMN is presenting Preliminary Annual Accounts 2008

SpareBank 1 SMN (OSL:MING) Purchase of Glitnir Bank ASA *In connection with the takeover of Glitnir Bank, now BNbank, SpareBank 1 SMN will recognise about NOK 500 million of badwill in its consolidated accounts for 2008. SpareBank 1 SMN owns 25 per cent of the shares of BNbank ASA.*

SpareBank 1 SMN (OSL:MING) Purchase of Glitnir Bank ASA In connection with the takeover of Glitnir Bank, now BNbank, SpareBank 1 SMN will recognise a badwill charge of about NOK 500 million in its consolidated accounts for 2008. SpareBank 1 SMN owns 25 per cent of the shares of BNbank ASA.

SpareBank 1 SMN (OSL:MING) SpareBank 1 SMN intends to present its financial reports in 2009 according to the following plan: Preliminary Annual Accounts 2008: 4. February 2009 Supervisory Board: 26. March 2009 1st Quarter 2009: 4. May 2009 2nd Quarter 2009: 12. August 2009 3rd Quarter 2009: 30. October 2009

SpareBank 1 SMN (OSL:MING) ISIN NO0010471733 6,35% SpareBank1 SMN 08/13

SpareBank 1 SMN (OSL:MING) The Ministry of Finance has authorised the SpareBank 1 banks to acquire all shares of Glitnir Bank ASA.

SpareBank 1 SMN (OSL:MING) As part of a package of measures designed to reduce the negative effects of the financial crisis, the Government (i.e. the Ministry of Finance) has set up an arrangement enabling banks that are eligible to sign up for Norges Bank's fixed-rate lending facility (F-loans) to swap covered bonds with government securities.

SpareBank 1 SMN (OSL:MING) At its meetings on 26 November 2008 the Supervisory Board of SpareBank 1 SMN made the following decisions:

SpareBank 1 SMN (OSL:MING) SpareBank 1 SMN strengthened earnings on its core business in the first nine months of 2008, but its overall performance was substantially impaired by losses on securities and a lower profit contribution from SpareBank 1 Gruppen. Net profit after tax was NOK 284 million compared with NOK 690 million in the same period last year.

SpareBank 1 SMN (OSL:MING) Rating actions regarding Sparebank 1 SMN acquiring of 25% of Glitnir Bank ASA