SpareBank 1 Østlandet raises lending and deposit rates by up to 0.25 percentage
points for corporate and retail customers. At the same time, the bank lowers
rates for green housing mortgages to 1.59 per cent.

"We offer the bank's best mortgage rates to customers who choose energy friendly
solutions," says Kari Elise Gisnås, Executive Vice President Retail Market in
SpareBank 1 Østlandet.

"The fact that we make an exception for green housing mortgages by reducing
their lending rates is due to a wish to increase the proportion of energy-smart
homes and contribute to saving energy. We hope that this will be a carrot and a
signal that this is important when you invest in a home," says Gisnås. 

o Rates for new loans will be effective from Friday 1 October.
o Rates for deposits and existing loans will be effective from 20 October for
corporate customers and 17 November 
  for retail customers.
o Customers will shortly receive notification of the coming interest rate
changes via their chosen channel.
o A new price list will be published shortly on the Bank's website,
www.sb1ostlandet.no.

Contact information:

Bjørn-Erik Orskaug, Head of IR, Tel.: +47 922 39 185
Siv Stenseth, Executive Vice President Communications, Tel.: +47 958 46 991  

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