SADG - Disclosure of large holdings

SpareBank 1 SR-Bank has after close of Oslo Stock
Exchange on November 26th 2010 acquired 714.509
equity certificates in Sandnes Sparebank (SADG) at
NOK 97,- per certificate. After this acquisition
SpareBank 1 SR-Bank owns 10,06 per cent of the
outstanding equity certificates in Sandnes Sparebank.

Stavanger, 29 November 2010.

Contact persons:

Inge Reinertsen, CFO, telephone +47 909 95 033
Thor-Christian Haugland, Executive Vice President
Communications, telephone
+47 480 316 33
Vidar Torsøe, Director Investor Relations, telephone
+47 970 80 656

This information is subject of the disclosure
requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)