Sparebanken Møre is reducing the interest rates for loans and deposits by up to
0.25 percentage points. The reason for the adjustment is the reduction of the
key policy rate from Norges Bank.

Sparebanken Møre is the market leader in Nordvestlandet, and the bank has been
growing the last years.

- Our clients are provided competitive terms, and we are now pleased to offer
mortgage customers a lower interest rate. This improves financial flexibility
for existing mortgage customers, and lowers the threshold for young people to
enter the real estate market, says Elisabeth Blomvik, EVP Retail Banking
Division at Sparebanken Møre.

A core competence of Sparebanken Møre is to have a close follow-up and good
dialog with our customers. 

- In addition to attractive terms and conditions, we focus on personal follow up
to ensure our customers get adviced on their individual needs," says Blomvik. 
For existing mortgages, the new interest rates will apply from November 24th.
Our customers will receive information about the interest rate change in the
mobile phone and online banking or as a letter by post.

Contacts:
o Elisabeth Blomvik, EVP Retail Banking Division, Mobile +47 415 54 195, e-mail
elisabeth.blomvik@sbm.no
o John Arne Winsnes, CFO Phone: 462 80 999, Email: jaw@sbm.no
This information is subject to the disclosure requirements pursuant to section
5-12 of the Securities Trading Act.