NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN
On 3 March 2010, the Supervisory Board of SpareBank 1 SMN resolved the Board of SpareBank 1 SMN's proposed terms for the rights offering and the employee offering. The equity certificates will be traded exclusive of dividends and rights to receive subscription rights from and including 5 March 2010.
The Board's proposed terms for the rights offering and the employee offering are described in the stock exchange notice dated 3 March 2010. Further details of the terms of the rights offering will be described in the prospectus to be released on or about 11 March 2010.
For additional information, see the separate stock exchange notice dated 4 March 2010 regarding the meetings in the Supervisory Board of SpareBank 1 SMN.
Trondheim, 4 March 2010
Contact persons at SpareBank 1 SMN:
CEO Finn Haugan on +47 900 41 002
Executive Vice President, Finance, Kjell Fordal on +47 905 41 672
Executive Vice President, Corporate Communications, Hans Tronstad on +47 941 78 322
About SpareBank 1 SMN
SpareBank 1 SMN is the region's leading financial services group. It leads the retail and corporate market, and is positioned in 56 municipalities across the region. We aim to be the recommended bank for customers in Mid-Norway, and as a local, independent savings bank we feel a special responsibility for stimulating growth and prosperity in the region. We base our business on closeness to our customers, good accessibility, a full product range and comprehensive financial advisory services.
Our head office is in Trondheim. The Group employs about 1,100 staff and includes the following subsidiaries: SpareBank 1 SMN Finans, EiendomsMegler 1 Midt-Norge, Allegro Finans and SpareBank 1 SMN Regnskap. SpareBank 1 SMN is one of six owners of SpareBank 1 Gruppen. For further information, visit our website at www.smn.no
DISCLAIMER
These written materials are not for distribution in the United States, Canada, Australia, Hong Kong or Japan. The information contained herein does not constitute an offer of securities for sale in the United States, Canada, Australia, Hong Kong or Japan.
The securities may not be offered or sold in the United States unless they are registered under applicable law or exempt from registration. The Savings Bank does not intend to register any portion of the offer in the United States or to conduct a public offer of securities in the United States. No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted.
FORWARD LOOKING STATEMENTS
This document and any materials distributed in connection with this document may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect SpareBank 1 SMN's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the risks and uncertainties to be set out in the prospectus.