Expiry of subscription period for rights offering

The subscription period for SpareBank 1 SMN's rights offering expires today,
Thursday, 25 March 2010 at 1730hrs (Norwegian time).
 
Any subscription rights not exercised or sold by the expiry of the subscription
period will lapse and cease to carry any value.
 
Holders of allotted or acquired subscription rights must, in order to subscribe
new equity capital certificates, deliver the correctly completed subscription
form to DnB NOR Markets by fax on 224 82 980. Subscribers who are Norwegian
nationals may also subscribe new equity capital certificates via the internet at
www.smn.no/info <http://www.smn.no/info> or www.dnbnor.no/emisjoner
<http://www.dnbnor.no/emisjoner>. For further information, see the prospectus
dated 4 March 2010.
 
Trondheim, 25 March 2010
 
Contact persons at SpareBank 1 SMN:
Executive Vice President, Finance, Kjell Fordal on +47 905 41 672
Executive Vice President, Corporate Communications, Hans Tronstad on +47
941 78 322
 
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.
 
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
 
[HUG#1397293]