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Sandnes Eiendom AS & Sandnes Sparebank	Update Date: 05/21/08
Date Announced: 03/02/05
Value (million $USD): n/a

Status: Completed

TRANSACTION DETAILS
Date Announced	03/02/05
Date Originally Announced	03/02/05
Format	Acq. Rem. Int.	Acquisition techniques	Divestiture; Financial Acquiror
Attitude	Friendly	Agency	n/a
Value	n/a	Advisor Fees	n/a

SYNOPSIS
NORWAY - Sandnes Sparebank acquired the remaining 50% interest, which it did not already own, in Sandnes Eiendom AS, a Sandnes-based real estate agency, from DnB NOR ASA. Terms were not disclosed.

TARGET
Name	Sandnes Eiendom AS
Industries	n/a
City	Sandnes
State	n/a
Nation	Norway
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Real estate agency
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Sandnes Sparebank (Oslo : SANDNE)
Industries	Security brokers, dealers, and flotation companies
City	Sandnes
State	n/a
Nation	Norway
Incorporated in	n/a
Public Status	Public
Business Description	Sandnes Sparebank is a commercial and investment bank headquartered in Norway. The company is engaged in the provision of banking services through its offices and branches located in Sandnes, Stavanger and Hommersak, as well as the automated telephone and Internet bank direct facility.
Advisors	NULL
Acquiror Sales	130.4 million U.S. Dollar 788.4 million Norwegian Krone

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