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2017-01-26

Skandiabanken ASA : New share capital

Reference is made to the stock exchange announcement of 16 December 2016
regarding change in the shareholding for primary insiders in connection with
Skandiabanken ASAs share incentive programme.

The primary insiders share acquisition as mentioned in the said stock exchange
announcement was completed through a share capital increase based on an
authorisation to the board of directors to issue new shares. The share
capital has today been increased with NOK 3,443,330 by issuance of 344,333
new shares each with a nominal value at NOK 10. The Financial Supervisory
Authority of Norway has given its consent to the share capital increase and
the new share capital has today been registered with the Register of Business
Enterprises. Following the share capital increase, Skandiabankens share
capital is NOK 1,068,693,330 divided into 106,869,333 shares each with a
nominal value of NOK 10.

Please find a list of the total shareholding of primary insiders enclosed.

Contact details, Investor Relations

Brede Selseng, Head of IR Skandiabanken ASA, +47 971 62 171
Henning Nordgulen, CFO, Skandiabanken ASA, +47 952 65 990

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

Overview

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Skandiabanken ASA via Globenewswire

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