SpareBank 1 Østlandet raises its lending and deposit rates by up to 0,5
percentage points. 

"Given Norges Bank's recent increase in its policy rate, we are raising our
interest rates for lending and deposits by up to 0.5 percentage points," says
Kari Elise Gisnås, Executive Vice President Retail Market in SpareBank 1
Østlandet.

Our best lending rate will be 2,89 per cent for first-time buyers. Our best
deposit rate is offered to young people who are saving up for their own home and
will be 4.20 per cent for BSU.

"Norges Bank has signalled that more policy rate hikes will follow. Interest
rates are now rising more quickly than many had anticipated, so do not hesitate
to contact us if you need advice concerning your financial situation", says
Gisnås.

o Lending rates for new housing mortgages will change from 24 August. 
o Rates for existing housing mortgages and deposits will change from 5 October. 
o Customers will be notified of the interest rate changes directly. 

For further information: 
Bjørn-Erik R. Orskaug, Head of Investor Relations, Tel.: +47 922 39 185 
Kari Elise Gisnås, Executive Vice President Retail Market, Tel.: +47 908 59 478 
Siv Stenseth, Executive Vice President Communications, Tel.: +47 958 46 991

This information must be disclosed pursuant to section 5-12 of the Securities
Trading Act.