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SpareBank 1 SMN (OSL:MING) MING- New Rating Following Glitnir Takeover

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

Fitch Ratings and Moodys Investor service has made a review on SpareBank 1 SMN ratings after SMN participated in a bank consortium comprising 20 SpareBank 1-banks that shall acquire 100% of the shares in Glitnir Bank ASA.

Fitch have affirmed the same long-term rating (A) as previously, as have Moody's (AA3). Moody's has revised the outlook from stable to negative, while Fitch maintains an unchanged outlook. Moody's cites the risk posed by the integration process with Glitnir Bank as the rationale for its change of stance.

Contact person at SpareBank 1 SMN: CFO Kjell Fordal phone + 47 90 541 672

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

SpareBank 1 SMN

www.smn.no

ISIN: NO0006390301

Stock Identifier: XOSL.MING

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SpareBank 1 SMN

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