Reference is made to stock exchange notification 
dated 11 May 2010 regarding the representative 
meeting's resolution concerning split of equity 
certificates, reduction of share capital, private 
placement, repair offering, private placement towards 
employees and representatives and power of attorney 
to the Board for capital increase, and to stock 
exchange notification dated 19 May 2010 regarding 
registered split, reduction of share capital and 
capital increase and listing of new equity 
certificates. Furthermore, reference is made to stock 
exchange notice dated 18 May 2010 regarding approval 
of the offering- and listing-prospectus. 

The subscription period for the repair offering and 
the private placement towards the employees and 
representatives starts today 20 May 2010 and ends 3 
June 2010 at 5.30 PM.

The bank's equity certificate holders as of 19 April 
2010 who did not particiapte in the private placement 
have a right to subscribe equity certificates in the 
repair offering. A right is given to subscribe 0.8 
equity certificates for every equity certificate the 
subscriber holds. The subscription rights are not 
tradable. Oversubscription is allowed. In the event 
of oversubscription equity certificates shall be 
allocated as equivalent as possible to the number of 
subscription rights each of them have used. However, 
the number of allocated equity certificates shall be 
a maximum of 2.2 new equity certificates for every 
equity certificate the subscriber holds. 

Employees and representatives as of 11 May 2010 in 
Sparebanken Vest and the bank's subsidiaries are 
entitled to subscribe in the private placement 
towards employees and representatives. Every employee 
and representative may subscribe up to 4,000 equity 
certificates. Oversubscription is allowed. In the 
event of oversubscription, allocation shall be pro 
rata in relation to the size of the subscription. 

Notice of allocation in the repair offering and the 
private placement towards employees and 
representatives will be sent by letter to the 
individual subscribers around 4 June 2010. 

The subscription price in the offerings is NOK 45 per 
equity certificate. The bank gives a contribution to 
the employees of NOK 9 per equity certificate for 
subscription up to NOK 7,500, so that employees pay 
NOK 36 per equity certificate for a maximum of 167 
equity certificates.

Gross proceeds from the offerings will be up to NOK 
150 million by issuing a maximum of 3,333,333 new 
equity certificates in the repair offering and up to 
NOK 30 million by issuing a maximum of 66,666 new 
equity certificates in the private placement towards 
employees and representatives. 

ABG Sundal Collier ASA, Fondsfinans ASA and Norne 
Securities AS are the managers of the repair 
offerings and the private placement towards employees 
and representatives.

The prospectus has been sent to the bank's equity 
certificate holders as of 19 April 2010 and is also 
available from Sparebanken Vest and from the managers.

Contact persons:
Benedicte Schilbred Fasmer, Director Capital Market, 
Tel +47 950 60 034

Karstein Lien, Bank Manager, Division Capital Market, 
Tel +47 952 31 806