Capital increase formally registered for SpareBank 1 SMN


Not for release, publication or distribution in the United States, Canada, Australia or Japan.

The capital increase in connection with the rights offering and the employee offering, and the transfer from the Savings Bank's nominal equity certificate capital to the surplus fund, that was approved by the Supervisory Board of SpareBank 1 SMN on 6 March 2012, have now been registered in the Register of Business Enterprises (Foretaksregisteret), and have subsequently been carried out.

See the stock exchange notice of 30 March 2012.

The new equity certificate capital at SpareBank 1 SMN is NOK 2,484,369,320, distributed on 124,218,466 equity certificates, each with a nominal value of NOK 20.

The new equity certificates issued under the rights offering and employee offering are eligible for trading at the Oslo Stock Exchange as from 12 April 2012. Allocated equity certificates will be registered on each subscriber's VPS account on 11 April 2012 provided that the outstanding amount for each subscriber has been settled.

SpareBank 1 Markets AS acted as Global Coordinator and Bookrunner, and SpareBank 1 SMN Markets and Swedbank First Securities acted as Joint Lead Managers for the rights offering.

Trondheim, 11 April 2012

Contact persons at SpareBank 1 SMN:
CFO Kjell Fordal; mob +47 905 41 672
Head of Corporate Communications Hans Tronstad; mob + 47 941 78 322

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Disclaimer
This document does not constitute an offer to sell or the solicitation of an offer to buy the securities of SpareBank 1 SMN (the "Securities") in the United States or in any other jurisdiction outside Norway. The Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer of the Securities has not registered, and does not intend to register, any portion of the Offering in the United States or in any other jurisdiction outside of Norway, and does not intend to conduct a public offering of the Securities in the United States or in any other jurisdiction outside Norway. Copies of this document are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan. 

Forward looking statements
This document includes "forward-looking statements" that involve risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements include statements concerning our plans, objectives, goals, future events, performance and/or other information that is not historical information. We undertake no obligation to publicly update or revise forward-looking statements to reflect subsequent events or circumstances after the date made, except as required by law.

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

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