Presentation of 1st Quarter Report 2010 Tromsø/Oslo, 28 April 2010

Presentation of 1st Quarter Report 2010 Tromsø/Oslo, 28 April 2010 1

SpareBank 1 Nord-Norge Group Headoffice: Organization: Regional branches: Tromsø 5 regions Hammerfest Tromsø Harstad Bodø Mo i Rana Local branches: 76 Number of man-years, Group: 774 2 2

Organisation of the financial services group SpareBank 1 Nord-Norge Financial Services Group SpareBank 1 Gruppen AS Financial Services Group Equity stake 19,5 % SpareBank 1 Nord-Norge Invest ASA Investment company Equity stake 100 % SpareBank 1 Utvikling DA Systems development Equity stake 17.74 % - Tromsø - Bodø SpareBank 1 Finans Leasing/factoring Equity stake 100 % Bank 1 Oslo AS Bank Equity stake 19.5 % - Tromsø - Bodø - Alta - Hammerfest - Kirkenes - Mo i Rana - Harstad - Sandnessjøen - Finnsnes EiendomsMegler 1 Nord-Norge AS Real estate brokerage Equity stake 100 % Eiendomsdrift AS Real estate management Equity stake 100 % SpareBank 1 Nord-Norge Securities ASA Securities firm Equity stake 79.25 % SpareBank 1 Boligkreditt AS Covered Bonds Company Equity stake 14.63 % SpareBank 1 Næringskreditt AS Financing Commercial property Equity stake 23.5 % BN Bank ASA Bank Equity stake 23.5 % 3 3

Capital adequacy ratio - Group Parent bank Group (Amounts in NOK million) 31.12.09 31.03.09 31.03.10 31.03.10 31.03.09 31.12.09 3 703 3 442 3 533 Core capital 5 476 4 059 5 534 504 433 212 Supplementary capital 796 640 1 071 4 207 3 875 3 745 Equity and related capital resources 6 272 4 699 6 605 30 481 29 451 31 814 Total risk-weighted assets base - IRB 44 181 39 210 42 567 39 126 40 355 39 170 Basel I risk-weighted assets base 58 313 50 087 57 915 31 301 32 284 31 336 Adjusted risk-weighted assets base 46 651 40 069 46 333 Capital adequacy 11.83 % 10.66 % 11.27 % Core capital adequacy ratio 11.74 % 10.13 % 11.94 % 1.61 % 1.34 % 0.68 % Supplementary capital adequacy ratio 1.71 % 1.60 % 2.31 % 13.44 % 12.00 % 11.95 % Capital adequacy ratio 13.44 % 11.73 % 14.26 % 4

Profit and loss account - Group (Amounts in NOK million) 31.03.10 31.03.09 Net interest income 272 302 Net fee-, commision and other operating income 121 114 Net income from financial investments 76 69 Total net income 469 485 Total costs 188 243 Result before losses and writedowns 281 242 Net losses and write-downs 21 53 Result before tax 260 189 Tax 56 37 Minority interests 0 0 Result for the period 204 152 ROE 15.9 % 5

Quarterly Summary Profit and loss account figures (Amounts in NOK million) 1Q10 4Q09 3Q09 2Q09 1Q09 Net interest income 272 298 294 279 302 Net fee-, commision and other operating income 121 124 121 103 114 Net income from financial investments 76 229 163 63 69 Total net income 469 651 578 445 485 Total costs 188 276 227 226 243 Result before losses and write-downs 281 375 351 219 242 Net losses and write-downs 21 44 39 49 53 Result before tax 260 331 312 170 189 Return on equity capital 15.90 % 25.30 % 22.71 % 11.63 % 12.98 % Cost/income 40.09 % 42.40 % 39.27 % 50.79 % 50.10 % 6

Group companies Result before tax 31.03.10 31.03.09 SpareBank 1 Finans Nord-Norge AS 15 667 38 151 SpareBank 1 Factoring AS 0 886 SpareBank 1 Nord-Norge Invest AS 5 869-2 780 Eiendomsdrift AS 1 382 920 EiendomsMegler 1 Nord-Norge AS - 281 115 SpareBank 1 Nord-Norge Securities ASA 816-54 Total 23 453 37 238 7

Very good underlying banking operations - (excl. SpareBank 1 Gruppen and financial investments) Group (Amounts in NOK million) 1Q10 4Q09 3Q09 2Q09 1Q09 4Q08 3Q08 Net interest income 272 298 294 279 302 349 349 Net fee- and commission income 120 121 122 103 92 100 93 Other operating income 1 3-1 0 22 3 1 Total costs 188 276 227 226 243 247 233 Income, core banking 205 146 188 156 173 205 210 Net losses and write-downs 21 44 39 49 53 114 41 Income, core banking after losses and write-downs 184 102 149 107 120 91 169 8

Customer-related activities (Amounts in NOK million) 31.03.09 31.03.10 Change Earnings before losses 173 205 32 Net losses 53 21 32 A non-recurring effect of recognising income from reduced pension commitments 0 60-60 Customer-related activities after losses 120 124 4 9

Top line growth 600 500 485 469 400 300 302 272 31.03.09 31.03.10 200 183 197 100 0 Net interest income Total income exclusive net interest income Total income Income growth -9.9% 7.7% -3.3% Costs growth -22.6% 10

Net interest income - Group 350 300 250 200 150 100 50 0 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 NOK Million Perc.of aver.tot.ass. 4.00 % 3.00 % 2.00 % 1.00 % 0.00 % 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 NOK Million 309 313 349 349 302 279 294 298 272 Perc.of aver.tot.ass. 2.06 % 2.10 % 2.31 % 2.21 % 1.87 % 1.70 % 1.77 % 1.85 % 1.70 % 11

Lending, Parent bank corporate market 23 000 Loan volum corporate Loan contribution corporate 2.50 22 000 21 000 2.00 NOK 20 000 19 000 18 000 17 000 16 000 1.50 1.00 0.50 Interest contribution The interest margin is defined as the difference between the customer lending (deposit) interest rate and the Bank's average capital markets funding rate. 15 000 - dec.07 mar.08 jun.08 sep.08 dec.08 mar.09 jun.09 sep.09 dec.09 mar.10 12

Lending, Parent bank retail market Loan volum retail banking Loan contribution retail banking 42 000 1.80 41 000 40 000 1.60 1.40 NOK 39 000 38 000 37 000 36 000 35 000 34 000 1.20 1.00 0.80 0.60 0.40 0.20 - Interest contribution The interest margin is defined as the difference between the customer lending (deposit) interest rate and the Bank's average capital markets funding rate. dec.07 mar.08 jun.08 sep.08 dec.08 mar.09 jun.09 sep.09 dec.09 mar.10 13

Customer deposits, Parent bank corporate market Deposit volum corporate Deposit contribution corporate 20 000 2.00 19 000 1.80 1.60 18 000 NOK 17 000 16 000 15 000 14 000 13 000 1.40 1.20 1.00 0.80 0.60 0.40 0.20 Interest contribution The interest margin is defined as the difference between the customer lending (deposit) interest rate and the Bank's average capital markets funding rate. 12 000 - dec.07 mar.08 jun.08 sep.08 dec.08 mar.09 jun.09 sep.09 dec.09 mar.10 14

Customer deposits, Parent bank retail market 20 000 19 000 Deposit volum retail banking Deposit contribution retail banking 2.90 2.70 2.50 18 000 2.30 NOK 17 000 16 000 15 000 14 000 13 000 2.10 1.90 1.70 1.50 1.30 1.10 0.90 0.70 Interest contribution The interest margin is defined as the difference between the customer lending (deposit) interest rate and the Bank's average capital markets funding rate. 12 000 0.50 dec.07 mar.08 jun.08 sep.08 dec.08 mar.09 jun.09 sep.09 dec.09 mar.10 15

Group operating costs 300 85 % 250 80 % 75 % NOK mill. 200 150 100 70 % 65 % 60 % 55 % 50 % 50 45 % 40 % 0 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 35 % Group operating costs Cost/income 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Group operating costs 254 237 233 247 243 226 227 276 188 Cost/income 78.64 % 51.75 % 60.21 % 51.57 % 50.10 % 50.79 % 39.27 % 42.40 % 40.09 % 16

Group operating costs (NOK Million) 31.03.10 31.03.09 Change Wages and salaries 98 95 3 Pension costs -48 10-58 Social costs 11 11 0 Total personnel costs 61 116-55 Administration costs 69 75-6 Total personnel- and general administration costs 130 191-61 Depreciation and write-downs of fixed assets 12 13-1 Operating costs buildings 12 10 2 Other operating costs 34 29 5 Total operating costs 58 52 6 Total costs 188 243-55 17

Key figures balance sheet (Amounts in NOK million) STATEMENT OF 31.03.10 31.03.09 Change Change % Total assets 64 086 63 566 520 0.8% Gross lending 48 429 50 900-2 471-4.9% Loans and advances to customers including 59 872 56 923 2 949 5.2% SpareBank 1 Boligkreditt Deposits from customers 35 497 34 078 1 419 4.2% 18

Good development of customer deposits throughout the financial turmoil Deposits from customers 37 000 36 000 35 000 Volume according to markets 31.03.10 34 000 33 000 32 000 31 000 30 000 29 000 28 000 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Corp. 28 % Public 19 % Retail 53 % 19

Deposit growth households House hol ds. 12 mt h. gr owt h 12 % 9 % 6 % 3 % 0 % Jan 06 Apr 06 Jul 06 Okt 06 Jan 07 Apr 07 Jul 07 Okt 07 Jan 08 Apr 08 juli 08 okt 08 jan.09 apr.09 jul.09 okt.09 jan.10 Norway, households SNN, retail clients Source: Statistisk Sentralbyrå, The money supply M2, 14.04.10 og SNN Bare, 14.04.10 20

Deposit growth corporates C o r p o r a t e s. 1 2 mt h. gr o w t h 30 % 20 % 10 % 0 % -10 % Jan 0 6 M ai0 6 Sep 0 6 Jan 0 7 M ai0 7 Sep 0 7 Jan 0 8 M ai0 8 sept 0 8 jan. 0 9 mai. 0 9 sep. 0 9 jan. 10 Norway, corporat es SNN, corporat e clien t s Source: Statistisk Sentralbyrå, The money supply M2, 14.04.10 og SNN Bare, 14.04.10 21 21

Group lending portfolio according to markets Volume according to markets 31.03.10 70 000 Boligkreditt 60 000 50 000 Loans and advances Corp/ Pub 31 % Retail incl. Boligkreditt 69 % 40 000 Lending incl. Boligkreditt 30 000 20 000 10 000 Corp/ Pub 39 % Retail excl. Boligkreditt 61 % 0 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Lending excl. Boligkreditt 22 22

Credit growth households H o useho lds 12 mth. gro wth 18 % 15 % 12 % 9 % 6 % Jan 06 Apr 06 Jul 06 Okt 06 Jan 07 Apr 07 Jul 07 Okt 07 Jan 08 Apr 08 juli 08 okt 08 jan.09 apr.09 jul.09 okt.09 jan.10 Norway, households SNN, retail cilents Source: Statistisk Sentralbyrå, The credit indicator C2, 14.04.10 and SNN Bare, 14.04.10 23 23

Credit growth corporates Corporates 12 mth. growth 22 % 17 % 12 % 7 % 2 % Jan 06 Mai 06 Sep 06 Jan 07 Mai 07 Sep 07 Jan 08 Mai 08 sept 08 jan.09 mai.09 sep.09 jan.10-3 % Norway, Corporat es SNN, corporat es client s Source: Statistisk Sentralbyrå, The credit indicator C2, 14.04.10 and SNN Bare, 14.04.10 24 24

Credit area Quality Portfolio Migration, commitments in default and losses 25

Portfolio Good quality in the lending portfolio. Low lending growth in 2006 2008, and few corporate exposures in high risk industries has contributed to an overall low portfolio risk. The Group's total level of writedowns are at a low level The low interest rate level has cushioned the downturn in the economy and has improved the basis for continued operation in vulnerable companies 26 26

Group lending by sector (NOK million) 31.03.10 Share 31.03.09 Share Change Change in % Agriculture and forestry 796 2 % 804 2 % -8-1,0 % Fishing vessels 1.466 3 % 1.591 3 % -125-7,9 % Fish farming 218 0 % 230 0 % -12-5,2 % Extraction of crude oil and natural gas 128 0 % 148 0 % -20-13,5 % Mining 20 0 % 61 0 % -41-67,2 % Fishing industry 878 2 % 620 1 % 258 41,6 % Other industries 585 1 % 701 1 % -116-16,5 % Power and water supply 1.366 3 % 811 2 % 555 68,4 % Building and construction 1.129 2 % 805 2 % 324 40,2 % Retail trade 653 1 % 1.077 2 % -424-39,4 % Wholesale trade 346 1 % 470 1 % -124-26,4 % Hotel and restaurant 375 1 % 323 1 % 52 16,1 % Intern. shipping and pipeline transport 638 1 % 126 0 % 512 406,3 % Transport and communication 1.852 4 % 1.847 4 % 5 0,3 % Finance and insurance 322 1 % 195 0 % 127 65,1 % Property Housing cooperatives 1.518 3 % 1.370 3 % 148 10,8 % Property project 973 2 % 1.139 2 % -166-14,6 % Property hiring out 3.503 7 % 3.988 8 % -485-12,2 % Real estate business 148 0 % 307 1 % -159-51,8 % Business services 644 1 % 880 2 % -236-26,8 % Other sectors 842 2 % 848 2 % -6-0,7 % Insurance, fund management and financial services 94 0 % 44 0 % 50 113,6 % Central government- and social security administration 1 0 % - 0 % 1 Counties and municipalities 203 0 % 351 1 % -148-42,2 % Retail banking sector 29.731 61 % 32.163 63 % -2.432-7,6 % TOTAL 48.429 100 % 50.899 100 % -2.470-4,9 % Loans transferred to SB1 Boligkreditt 11.442 6.023 5.419 90,0 % 27 27

Portfolio exposure as of 31.03.10 28 28

Risk change 29 29

Commitments in default 30 30

Losses on loans and guarantees - Group 350 300 250 200 150 100 50 0-50 2004 2005 2006 2007 2008 2009 2010 1.40 % 1.20 % 1.00 % 0.80 % 0.60 % 0.40 % 0.20 % 0.00 % -0.20 % Net losses Net losses, % of gross lending 2004 2005 2006 2007 2008 2009 2010 Individual write-downs for impaired value 206 112 20 55 202 163 24 Collective write-downs imp. value -1-25 -36-13 40 36-1 Recoveries, previously confirmed losses 35 22 27 25 59 14 2 Net losses 170 65-43 17 183 185 21 Net losses, % of gross lending 0.45 % 0.16 % -0.09 % 0.03 % 0.36 % 0.38 % 0.04 % 31 31

32 Securities

Income from financial investments (Amounts in NOK million) 31.03.10 31.03.09 Dividends 9 0 Income from joint ventures 41 7 Gains/losses and net value changes on certificates and bonds -2-12 Gains/losses and net value changes on shares 21 37 Gains/losses and net value changes on foreign exchange 8 15 Gains/losses and net value changes on other financial derivatives -1 22 Income from financial investments 76 69 33

34 34 Liquidity/funding

Funding instruments/diversification 31.03.10 Category <1yr >1yr Total Lower Tier 2, EUR 0 0 0 Lower Tier 2. NOK 0 1000 1000 EMTN, EUR 1960 2731 4691 Perp. Non-call, USD 0 356 356 NOK BONDS 2582 6088 8670 Government 0 1000 1000 Schuldschein, EUR 225 0 225 Cert's, NOK 0 0 0 Gov. swap arr. 0 2562 2562 TOTAL, SHORT TERM FUNDING 4766 TOTAL, LONG TERM FUNDING 13737 TOTAL, ALL FUNDING 18503 35 35

Funding and liquidity management Maturity profile of capital markets funding per 31.03.10 3500 3239 3000 2902 Gov. sw ap arr. Perp. Non-call, USD 2500 2000 2149 1906 2194 1774 Government Low er Tier 2, EUR Low er Tier 2. NOK Schuldschein, EUR 1500 1225 EMTN, EUR 1000 712 780 972 Cert's, NOK NOK BONDS 500 0 450 0 0 201 SUM H1-2010 H2-2010 H1-2011 H2-2011 H1-2012 H2-2012 H1-2013 H2-2013 H1-2014 H2-2014 H1-2015 H2-2015 H1-2016 H2-2016 Merk: For Lower Tier 2 er forfallsdato satt til call-dato 36 36

Liquidity buffer per 31.03.10 12000 10000 24 month liquidity forecast Cash and deposits, central bank F/D loan, central bank 8000 6000 Bond reserve 4000 2000 0 Mortgage loans / cov. bonds -2000-4000 mar.10 apr.10 mai.10 jun.10 jul.10 aug.10 sep.10 okt.10 nov.10 des.10 jan.11 feb.11 mar.11 apr.11 mai.11 jun.11 jul.11 aug.11 sep.11 okt.11 nov.11 des.11 jan.12 feb.12 mar.12 Equities Likviditetsbuffere: cash i Norges Bank, trekkrettigheter i Norges Bank, obligasjonsportefølje (papirer som ikke er deponert i Norges Bank), overførbare lån til SpareBank 1 Boligkreditt og aksjer. Vi forutsetter 7 % vekst i både innskudd og utlån. Økningen i cash i april 2010 kommer av ny funding gjort i mars med oppgjør i april. 37 37

Ownership policy 38

The 20 largest EC holders as at 31.03.10 Number of Share of total Equity Certificate holders Equity Certificates Equity Certificate capital Pareto Aksjer Norge 1 031 510 5.76 % Pareto Aktiv 506 628 2.83 % MP Pensjon 418 279 2.34 % Frank Mohn AS 381 362 2.13 % Tonsenhagen Forretningssentrum AS 319 126 1.78 % Framo Development AS 238 798 1.33 % Grunnfond Invest AS 219 821 1.23 % Sparebanken Rogalands Pensjonskasse 195 406 1.09 % Forsvarets Personellservice 174 334 0.97 % Pareto VPF 163 020 0.91 % Karl Ditlefsen, Tromsø 154 359 0.86 % Sparebankstiftelsen 153 478 0.86 % Trond Mohn 143 279 0.80 % Fred Olsen & Co s pensjonskasse 121 787 0.68 % Terra Utbytte Verdipapirfond 116 471 0.65 % Troms Kraft Invest AS, Tromsø 115 113 0.64 % Lærdal Finans A/S 114 782 0.64 % Ringerike Sparebank 102 852 0.57 % Bodø Kommune, Bodø 83 102 0.46 % Norges Råfisklag, Tromsø 82 402 0.46 % SUM 4 835 909 27.00 % 39

Strategy 40

Strategy 2012 The strongest market forces are: Stricter regulation and public control Higher capital requirements, (the banks nevertheless have good capacity for growth) Higher funding costs Greater pressure on margins (low general growth) Focus on the profitable clients Increased client influence Simplified business models Improved risk management Reduction of costs Focus on new income opportunities 41

Strategy 2012 - concrete measures Market goals Increased market share within all product groups Establishing goal hierarchy which is based on the bank's market shares Stronger focus on market positioning, increased market strategy related to the most important market areas Increased focus on sales (benchmark) Increased activity towards existing customers as well as towards new customers 42

Strategy 2012 concrete measures Efficient distribution Target Clear division of work between channels Instruments Branches: increased emphasis on advisory services (larger branches) Mortgages Savings Insurance Fewer units Customer service centre: link between branches and digital channels Part of the sales process Internet and mobile banking: continuous development of new functionality Swift processes Less complicated advisory services Loan application through Internet opened November 2009 43

Wider differentiation in the distribution as strategic goal - the customer will look at us as one bank Personal financial advisor Customers Initiate customer contact and follow-up Advisory and sales Processing mortgages/ credit applications Market preparation Family Self-service banking Relations key driver Clubs Individual Transaction banking Personal economy Standard products The customer is his/her own banker Customer service center Incoming telephones and emails Customer service by chat Initiate sales Booking of appointments with advisors Customer service and sales-by-request Closing of sales Information hub between distribution channels Customer demand key driver 44

Strategy 2012 concrete measures Reduced costs and capacity vs Increased efficiency costs costs capacity Phasing out tasks (ex: reduce number of branches) Reduce number of employees capacity Solving problems in different ways: Specific rôle (customers, internet, call centre, branches) Exploit capacity and competence Use competence and capacity in the Alliance industrialisation 45

Opportunities 46 46

The labour market March 2010 Unemployment reduced from 4.0% to 3.7% gross unemployment from February to March. As of February 2009 there were 101 more gross unemployed. Increase in the number of advertised positions. From 2828 positions in February to 2922 in March. This caused the number of unemployed per advertised job in the region to sink from 3.4 in February to 3.1 in March. Finnmark has the largest number of gross unemployed i proportion to population. North Norway Norway Nordland Troms Finnmark Completely unemployed 7.145 2,9 % 79.754 3,1 % 3.410 2,8 % 2.269 2,7 % 1.466 3,8 % In schemes 1.924 0,8 % 21.416 0,8 % 993 0,8 % 605 0,7 % 326 0,8 % Gross unemployed 9.069 3,7 % 101.170 3,9 % 4.403 3,6 % 2.874 3,4 % 1.792 4,6 % New jobs / rigidity indicator 2.922 3,1 22.733 4,4 1.293 3,4 1.075 2,6 554 3,2 47 47 Source: www.nav.no 12 April 2010

North Norway; future opportunities Resources: Marine (renewable) resources: All important wild fish stocks are sustainable Great unexploited potential for fish farming Energy Great potential for wind power (renewable) Great potential for small-scale hydropower (renewable) Great potential for large discoveries of oil/gas in Barents Sea and in northern part of Norwegian Sea Minerals Significant quantities of both known and unknown deposits of commercially exploitable minerals (iron, olivine, quartz, copper, gold, nepheline, etc.) # 48

North Norway; future opportunities, cont. Resources: Natural (renewable) resources: Huge untouched areas (quiet) Mountains and fjords (spectacular) The midnight sun The Northern Lights Climate and climate change Arctic climate Climate changes can be studied at close range Culture (settlement and landscape) Coastal culture (the fisheries with its stories) Indigenous population (vibrant reindeer herding industry) Borderland Where the west meets the east International security policy # 49

North Norway; how to utilize the resources? Knowledge: Long tradition in harvesting a demanding environment (weather and climate) New technology and efficient communication makes new knowledge available The region is focusing strongly on developing knowledge The capital The resources are scarce on the international market and will therefore attract the required capital Politics (risk factors) The will to act (facilitation for actors) Protect interests # 50

51 51

Establishment in stages in North-West Russia May 07: Representation office established in Murmansk, will be phased out summer 2010 May 08: Acquisition of 10% of shares in Bank Tavrichesky in St. Petersburg Feb 10: Establishment of new bank in Murmansk and St. Petersburg for Norwegian and Russian clients. SpareBank 1 Nord-Norge owns 75% of the bank and Bank Tavrichesky owns 25%. All formalities expected to be in place by end of June 2010. 52 52

SpareBank 1 Nord-Norge 1st quarter report 2010 Very good quarterly result. The Bank s financial strength is good. Main features (figures and percentages in brackets refer to the same interim period in 2009): Operating result before tax NOK 260 million (NOK 189 million). ROE after tax 15.9 % (13.5 %). Result per Equity Certificate (EC) (Parent Bank): NOK 4.17 (NOK 2.68). Good underlying banking operations. Result from core operations before losses NOK 205 million (NOK 173 mill). Total contribution to result from subsidiaries; NOK 19 mill (NOK 34 mill). Net result from financial investments NOK 76 million (NOK 69 million). Contribution from SpareBank 1 Gruppen AS NOK 22 mill (NOK 2 mill). The contribution from other associates in the SpareBank 1 alliance; NOK 19 mill. Net gain share portfolio; NOK 21 mill. Net loss from interest-bearing portfolio NOK 2 mill. Net gain foreign exchange and other financial derivatives was NOK 7 mill. Cost development under control. Non-recurring effect from reduced pension commitments; + NOK 60 million. Cost/income ratio 40 % (50 %). Reduced loan losses. Net losses totalled NOK 21 million (NOK 53 million). Lending growth during the last 12 months (including loans transferred to SpareBank 1 Boligkreditt): 5.2 % (7.4 %). Retail banking market 7.8 % (including SpareBank 1 Boligkreditt) Corporate banking market 0.2 % The accounts show a 12 month reduction in lending of 4.9 % (2.2 %). Deposit growth last 12 months: 4.2 % (9.6 %). Retail market 4.8 % Corporate market -7.1 % Public market 24.8 % Deposit to loan ratio: 73.3 % (67.0 %). Good financial strength with a core capital adequacy ratio (Group) of 11.7 % (10.1 %). Total capital adequacy; 13.4 % (11.7%) Liquidity remains satisfactory. 53 53

Summary key figures Group Amounts in NOK million 31.03.10 31.03.09 Change Change % RESULT Result before tax 260 189 71 37.6% STATEMENT OF FINANCIAL POSITION Total assets 64 086 63 566 520 0.8% Gross lending 48 429 50 900-2 471-4.9% Deposits from customers 35 497 34 078 1 419 4.2% KEY FIGURES 31.03.10 31.03.09 Change Change % Capital adequacy 13.4% 11.7% 1.7% After-tax return on equity capital 15.9% 13.5% 2.4% Cost/income 40.1% 50.1% -10.0% Manyear 774 811-37 Parent bank Result per Equity Certificate (Parent Bank) 4.17 2.68 1.48 54 54

Contact information SpareBank 1 Nord-Norge P O Box 6800 9298 Tromsø CEO Hans Olav Karde Tlph 901 51 981 Deputy CEO Oddmund Åsen Tlph 906 72 757 CFO Rolf Eigil Bygdnes Tlph 905 19 774 Internet: SNN home page and internet bank: Hugin Online: Equity capital certificates in general: www.snn.no www.huginonline.no www.grunnfondsbevis.no Financial calendar 2010 Q1 28. april Q2 11. august Q3 28. oktober 55 55