Skandiabanken ASA : Information regarding Pillar 2

The outcome from the Norwegian FSA's Supervisory Review and Evaluation Process (SREP) for 2016 for is finalised, giving Skandiabanken a Pillar 2 requirement of 1.2 per cent of risk-weighted assets (RWA). The Pillar 2 requirement relates to risks not covered by Pillar 1 and must be met with CET1 capital.

The Pillar 2 requirement comes in addition to the minimum and combined buffer requirements under Pillar 1. By year-end 2016 Skandiabanken will thus have a CET1 capital requirement of 12.7 per cent.

Skandiabanken reported a CET1 ratio of 14.9 per cent as of 30 September 2016, including 70 per cent of retained earnings first nine months of 2016, well above the regulatory requirement.

Contact details, Investor Relations Brede Selseng, Head of IR Skandiabanken ASA, +47 971 62 171 Henning Nordgulen, CFO, Skandiabanken ASA, +47 952 65 990

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