Today SpareBank 1 Østlandet has decided to adjust lending and deposit rates by
up to 0.25 percentage points. The adjustment is due to increased money market
rates and Norges Bank's raising of the key interest rate just before Christmas. 

"The interest rate level in Norway remains low, and Norges Bank has signalled
several interest rate adjustments in the upcoming year. Although infection rates
and electricity prices are increasing uncertainty at the moment, an increase of
interest rates to a more normalised level is a sign of health for the economy.
However, transitions can be difficult. We therefore ask customers who experience
financial difficulties to contact the bank," says Kari Elise Gisnås, Executive
Vice President for the retail market.

o For new housing mortgages, the interest rate will be adjusted from 5 January.
o For existing housing mortgages and deposits the interest rate will be adjusted
from 18 February.
o Customers will be notified directly of the interest rate adjustment in their
selected channel.


For further information: 

Bjørn-Erik Orskaug, Head of Investor Relationes, Tel.: + 47 922 39 185
Kari Elise Gisnås, Executive Vice President Retail Market, Tel.: +47 908 59 478
Siv Stenseth, Executive Vice President Communication and Social Affairs, tel:
+47 958 46 991


This information must be disclosed pursuant to section 5-12 of the Securities
Trading Act.