SpareBank 1 SR-Bank (OSL:ROGG) (former Sparebanken Rogaland) Exercises Call Option On 2004/2014 Subordinated Debt

SpareBank 1 SR-Bank (OSL:ROGG) Stavanger, January 9 2009

Issue Details: ISIN: XS0185294088 Issuer: SpareBank 1 SR-Bank (former Sparebanken Rogaland) Amount: EUR 65 Million Issue Date: 10 February 2004 Maturity Date: 10 February 2014 Call Date: 10 February 2009 and quarterly thereafter, subject to 30 days notice period Call Price: 100% Coupon: 10 February 2004 - 10 February 2009: 3-month Euribor + 65 bps 10 February 2009 - 10 February 2014: 3-month Euribor + 140 bps Listing: Luxemburg SpareBank 1 SR-Bank exercises its early redemption option to call the Notes at par, effective from 10 February 2009.

For further information, please contact Director Treasury / Capital Markets, Stian Helgøy, mobile + 47 906 52173 Head of Treasury, Dag A. Hjelle, mobile +47 909 50088

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

SpareBank 1 SR-Bank

http://www.sr-bank.no

ISIN: NO0006000009

Stock Identifier: XOSL.ROGG