Sbanken ASA: Potential new issuance of Additional Tier 1 and Tier 2 bonds

Sbanken ASA has mandated Danske Bank and Nordea Markets for a potential new issuance of a perpetual Additional Tier 1 bond and a subordinated Tier 2 bond with a 10 year tenor. Both issues will have a first call option for the issuer after 5 years. The transactions are subject to market conditions.

In conjunction with the new issues, Sbanken will consider buyback, in whole or parts, of the outstanding Additional Tier 1 bond issue NO0010746456 (SBANK03 PRO) and the outstanding Tier 2 bond issue NO0010746464 (SBANK04 PRO).

Sbanken ASA's Board of Directors has approved the transactions and the potential buyback.

Contact details,

Øyvind Telle, Head of Treasury, Sbanken ASA,

Jesper Hatletveit, Head of IR, Sbanken ASA,

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act