In order to facilitate employee ownership in the bank the board of Sparebanken Sør has decided to continue the savings program for full-time employees in the bank. Full-time employees in the bank are invited to buy equity certificates in the bank for amounts betweenNOK 15,000 andNOK 65,000 , with a 20% discount to the market price. The purchase is financed by deducting an equal amount from the salary over the next 12 months. The discount is given subject to a 24-month lock up period. The savings program is implemented as a resale where the bank will sell from its own holdings of equity certificates. If the bank's employees order a higher number of equity certificates in the savings program than the bank's own holdings, the bank will carry out a buyback of equity certificates in connection with the savings program. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) For further information, please contact:Steinar Vigsnes , CFO, tlf: 906 13 135
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