1. Presentation Sparebanken Hedmark November 2008

2. Our Vision Creating together Photo: Liv Øverland Kornerud

3. Sparebanken Hedmark A modern savings bank with 160-year old roots Merger of 22 local savings banks in Hedmark Highest rated regional savings bank in Norway* *DnB Nor Markets Ratings

4. Has some 155,000 customers, meaning that more than half of Hedmark’s population has a customer relationship with the Bank Is the leading bank for commerce and industry in Hedmark, financing more than half of all business in the county Has some 550 employees including subsidiaries Member of the SpareBank1 Alliance Norway’s 6th largest savings bank Number 10 among all banks A self-owned institution - No Primary Capital Certificates issued All equity is retained earnings And; High equity capital more important than return on equity capital Sparebanken Hedmark

5. Rank Total Assets Total assets in billion NOK 2007 1. DnB NOR1.474 2. Sparebank1 SR-bank103 3. Sparebank1 Midt-Norge72 4. Sparebanken Vest72 5. Sparebank1 Nord-Norge61 6. Sparebanken Hedmark38 7. Sparebanken Møre 8. Sandnes Sparebank 36 32 9. Sparebanken Sør30 10. Sparebanken Øst22

6. Sparebanken Hedmark

7. Hedmark – our Core Market Norway's 3rd largest county when it comes to area – 27.388 km2 (8.5% of Norway's total area) 188.500 inhabitants (4.2% of Norway's total population) Hamar – the capital of the county – is situated 130 km north of Oslo Business: –6% (2%) of the county's (Norway's) GDP comes from agriculture and forestry. –25% (37%) comes from industry. –70% (61%) from the service sector.

8. Strategic Goals Hedmark –Sparebanken Hedmark shall remain an independent and attractive partner for its customers and in that way contribute to growth and development within Hedmark High equity capital –Equity capital ratio more important than return on equity capital –Capital adequacy ratio at minimum 14% Return on equity –before taxes shall be at least equivalent to 6 percentage points above the yield on long-term government bonds

9. A True Multi Channel Strategy 31 offices within the county of Hedmark Branches in 20 out of 22 municipalities in Hedmark The first European bank with internet banking services (September 1996) Mobile bank services Customer service center open until late in the evening

10. Credit Policy; The Church Tower Principle Target customers: –Private individuals –Small and medium-sized enterprises –The public sector within Hedmark

11. Loan Portfolio

12. Our Customers

13. TREASURY Tore Anstein Dobloug Acting: Cathrine Mordal INFORMATION Siv Stenseth CREDIT MANAGEMENT Per Gustavsen RISK MANAGEMENT Vidar Nordheim ELVERUM RINGSAKER NORD-ØSTERDAL LØTEN-STANGE IT Dag Arne Hoberg CORPORATE CUSTOMERS Nils Arne Nordheim HR Eldar Kjendlie MARKETING Kari E. Vardeberg Chief Executive Officer Harry Konterud KUNDESERVICE FINANCE Arne Grunt KONGSVINGER SOLØR HAMAR TRYSIL ENGERDAL Organization

14. The SpareBank 1 Alliance One of the largest providers of financial products and services in the Norwegian market The SpareBank 1 Alliance's main goal is to ensure the individual bank's independence and regional foundation through strong competitiveness, profitability and financial soundness The alliance comprises approximately 340 offices and branches all over Norway Figures as at 1st Quarter 2008 Total assets: NOK 440 billion No. of branches: 350 No. of employees: 5 850 No. of Internet banking customers : 541 000

15. The SpareBank 1 Alliance SpareBank 1 Gruppen AS is a holding company owned by Sparebanken Hedmark (12%), SpareBank 1 Nord-Norge (19,5%), SpareBank 1 Midt- Norge (19,5%), SpareBank 1 SR-bank (19,5%), Samarbeidende Sparebanker AS (19,5%) and Norwegian Federation of Trade Unions (10%) SpareBank 1 Gruppen AS owns companies that provide general insurance, life insurance, fund management and other financial products and services to SpareBank 1 banks and their customers. Motivation for the investment: –Strengthen our leading position as an independent bank –Marketing and products –Cost synergies –Competence

16. Eiendoms- Megler 1 (Bank-owned) SpareBank 1 Bilplan (19.9 %) First Securities (24.5 %) SpareBank 1 Boligkreditt (Bank-owned) Actor Fordr. forv. (90 %) The SpareBank 1 Alliance SpareBank 1 Livsforsikring (100 %) SpareBank 1 Skadeforsikring (100 %) Bank 1 Oslo (100 %) ODIN Forvaltning (100 %) SpareBank 1 Gruppen AS SpareBank 1 Nord-Norge SpareBank 1 Midt-Norge SpareBank 1 SR-Bank Sparebanken Hedmark LO Samarbeidende Sparebanker 19.5 % 19.5 % 19.5 % 12 % 19.5 % 10 % Bank Co-operation Programme Centres of Excellence IT operations and development Internet and telephone banking Risk Management Credit Systems Competence building Payment - cards and services Brand building Industrial and structural matters

17. Balance Sheet (Group) as at 30.09.2008 (NOK) Assets Cash and deposits with central bank 1,5 bn Lending to/deposits with credit institutions 1,5 bn Lending to Customers 32,2 bn Commercial papers and bonds 2,7 bn Shares (SB1, 0,45 bn) Fixed and intangible assets Other assets 0,8 bn 0,4 bn 0,8 bn Total assets39,9 bn Liabilities and equity Loans and deposits from credit institutions 3,0 bn Deposits from customers Borrowing through the issue of securities Other liabilities Equity (retained earnings) Total liabilities and equity 21,8 bn 9,2 bn 1,9 bn 4,0 bn 39,9 bn

18. Profit and Loss Account as at 30.09.08 – Group (NOK) IFRS 30.09.08 Result before tax parent bank382 Net other operating income Sparebank 1 Gruppen AS Hedmark Finans AS Hedmark Eiendom AS Others -24 18 2 4 0 Group Result 2008 before tax Result as percent of total assets (avg.) Capital adequacy ratio (parent) 382 1,29 % 14,0 %

19. Profit and Loss Account 30.09.08 – Parent Bank (NOK) IFRS 2006 IFRS 2007 IFRS 30.09.08 Net interest income751789624 Other income199253225 Contribution margin9501.042849 Operating costs493562444 Res. before loan losses456480405 Net losses+6-16-23 Result before tax462464382

20. Loans - Controlled Growth 2003-2005:NGAAP, 2006-2007: IFRS

21. Deposits – Overall Coverage as at 30.09.08: 67,3% 2003-2005:NGAAP, 2006-2007: IFRS

22. Equity Capital* → More than 10% of Total Assets *Only retained earnings 2003-2005:NGAAP, 2006-2007: IFRS

23. Main Figures – Last 5 Years Parent Bank (NOK million)20072006200520042003 Result before taxes464462422360297 Result before taxes in %1,25%*1,31%1,48%1,45%1,33% Return on equity12,9%13,2%14,3%13,4%12,1% Total assets38.00935.66530.40826.73323.432 Gross lending31.40529.15525.81222.69920.635 Growth in gross lending7,7 %12,8%13,9%10,0%12,5% Deposits from customers21.02418.98716.86915.97115.087 Growth in deposits10,7%12,5%5,6%5,9%8,6% Equity3.8403.5543.3612.9472.674 Capital adequacy ratio13,9%13,1%15,2%15,5%15,6% * 2006 and 2007, IFRS. 2005, 2004 and 2003, NGAAP

24. Result –The pre-tax result as at 30.09.08 totals NOK 382 million, or 1,31% of average assets. –Pre-tax return on equity capital is 13,3%. Corresponding figures a year ago were NOK 395 million, 1,46% and 14,8%. Group Result –The result for the Group as a whole amounted to about NOK 382 million before tax. Net interest income of NOK 624 million, which was NOK 49 million up on the year before Interest margin –As at 30.09.08, the interest margin was 2,56% (7,42-4,86). 30.09.07, the margin was 2,60% (5,85-3,24). –Lending margin based on 3 months NIBOR was 1,01% (7,42-6,41). –Deposit margin was 1,55% (6,41-4,86). Result as at 30.09.08 – Parent Bank

25. Other (non-interest) income totals NOK 224 million, up by NOK 25 million in last 12 months. Operating costs –As at 30.09.08, total operating costs was NOK 444 million, equivalent to 1,52% of average assets. –The corresponding figures for Q3 2007 were NOK 422 million and 1,55% respectively. Losses on loans –Losses on loans and guarantees totalled NOK 23 million. Individual losses amounted to NOK 16 million and collective write-downs totalled NOK 7 million. Loans/deposits –During the last 12 months, loans grew by 9,5%, deposits by 6,9%. Result 30.09.08 Parent Bank (cont.)

26. Risk exposure – Interest Bearing Securities Net return on interest bearing securities as at 30.09.08: -1,67 % (based on market values) Norwegian finance "not rated": senior debt in Norwegian savings banks Tier 1, Tier 2, Hybrid capital: NOK 85 million Foreign industry: GE and Toyota ABS: EUR 17,6 million, AAA and AA (RMBS) AAAAAABBBNot ratetSum Norw. Finance4918314994414889 Norw. Industry 195267462 Foreign Finance1097473781151250 Foreign Industry105 SUM2639315273006862706

27. Other Risk Exposure Net FX position: NOK 0,5 million (0,01 % of equity) Interest risk with 1 % change in interest rates: NOK 5,7 million (0,14 % of equity) Total portfolio of listed shares and funds: NOK 139 million (3,5 % of equity) No other credit exposure

28. Funding A conservative policy

29. Funding Strategy Deposits from customers minimum 60 % Minimum 6 months without external funding → Low refinancing risk. A long term and well diversified funding profile. Target 3 years (average life of long-term liabilities) The amount of long term funding maturing shall be approximately the same amount each year The Norwegian market will continue to be the main funding source, but a considerable share (20 %) of the bank's total funding will be done in foreign markets

30. Funding – low exposure to financial turmoil The overall deposit coverage ratio so far in 2008 was approximately 67%. The average life of long-term liabilities as at 30.09.08 was 3,8 years (included short term). External funding totalled about NOK 12 billion. –About NOK 8,3 billion long-term loans –About NOK 1,9 billion certificates –About NOK 2,5 billion in Euro-funding (no exchange risk) Drawing rights facilities of NOK 3 billion Liquidity portfolio of bonds about NOK 2.7 billion Untapped potential in covered bonds Low refinancing risk –Long maturities for liabilities –A liquid securities portfolio –Drawing rights facilities –Covered bonds The Bank can continue its operations for more than 12 months without injection of liquidity.

31. Liquidity – strong position

32. Funding as at 30.09.2008

33. Funding

34. Contact list Treasury & Finance Department: Cathrine Mordal, Acting Head of Treasury & Finance Department Phone:+47 62 51 21 54 Mail:cathrine.mordal@sparebanken-hedmark.no International Payments & Correspondent Banking: Paul Arild Tofastrud, Head of Team Phone:+47 62 51 22 90 Mail: paul.arild.tofastrud@sparebanken-hedmark.no

35. Where to find us Visiting address: Strandgata 15, Hamar Mailing address: P.O. Box 203, N-2302 Hamar Telephone: +47 62 51 20 00 Web-site:www.sparebanken-hedmark.no