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Skandiabanken ASA : Trade subject to notification

Reference is made to the stock exchange notice from 28 April 2017 where the minutes from the annual general meeting of Skandiabanken ASA was announced. The annual general meeting granted the board of directors authorisation to acquire the company's own shares. On 5 July 2017, the board of directors resolved to use the authorisation and has resolved to establish a buy-back programme to facilitate allocation and sale of shares to the employees in accordance with the company's share purchase programme. For further details about the buy-back programme, please see the minutes from the annual general meeting 28 April 2017 attached hereto.

On behalf of Skandiabanken ASA, DNB Markets has on 6 July 2017 purchased 12 105 shares for use in Skandiabanken's share purchase programme for employees.

The shares have been acquired at a price of NOK 83.2909 per share.

Before distribution to the employees, Skandiabanken has 12 105  treasury shares.

On 5 July 2017, the board of directors of Skandiabanken ASA decided to offer employees in Skandiabanken ASA shares with a discount of NOK 750 - 1 500 as a part of the company's share purchase programme.

A total of 12 105 shares were allotted today, 6 July 2017, at a gross price of 83.2909 per share.

Please find enclosed a complete list of primary insiders that availed themselves of the offer, the number of acquired shares on behalf of the primary insiders and their new total shareholding after the acquisition enclosed.

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.