SUPPLEMENT DATED 11 MARCH 2010 TO THE PROSPECTUS DATED 19 JUNE 2009 SPAREBANK 1 SMN (incorporated with limited liability in Norway) SPAREBANK 1 NORD-NORGE (incorporated with limited liability in Norway) SPAREBANK 1 SR-BANK (incorporated with limited liability in Norway) €7,500,000,000 Euro Medium Term Note Programme
This Supplement (the Supplement) to the Prospectus (the Prospectus) dated 19 June 2009 which comprises a base prospectus constitutes a supplement to the base prospectus for the purposes of Article 13 of Chapter 1 of Part II of the Luxembourg Law dated 10 July 2005 on prospectuses for securities (the Prospectus Law) and is prepared in connection with the Euro Medium Term Note Programme (the Programme) under which SpareBank 1 SMN, SpareBank 1 Nord-Norge and SpareBank 1 SR-Bank (the Issuers) may from time to time issue Notes. Terms defined in the Prospectus have the same meaning when used in this Supplement.
This Supplement is supplemental to, and should be read in conjunction with, the Prospectus.
The Issuers accept responsibility for the information contained in this Supplement. To the best of the knowledge of the Issuers (which have taken all reasonable care to ensure that such is the case) the information contained in this Supplement is in accordance with the facts and does not omit anything likely to affect the import of such information.
A. INCORPORATION OF FINANCIAL STATEMENTS
On 4 February 2010, SpareBank1 SR-Bank released its preliminary consolidated financial statements for the year ended 31 December 2009 (the 2009 Preliminary Accounts). A copy of the 2009 Preliminary Accounts have been filed with the Commission de Surveillance du Secteur Financier and, by virtue of this Supplement, are incorporated in, and form part of, the Prospectus. The consolidated audited financial statements for the year ended 31 December 2009 of SpareBank1 SR-Bank were approved by the Board of Directors on 3 March 2010 and will be submitted to the Executive Committee and the auditors for approval on 23 March 2010.
Copies of all documents incorporated by reference in the Prospectus can be requested from the relevant Issuer's registered office as set out at the end of the Prospectus and from the specified office of the Paying Agents for the time being in London and Luxembourg as described on page 16 of the Prospectus. Copies of this Supplement and all documents incorporated by reference in the Prospectus are also available on the Luxembourg Stock Exchange's website, www.bourse.lu.
Cross Reference List
SpareBank1 SR-Bank SpareBank1 SR-Bank Preliminary Accounts for the year ended 31 December 2009 Preliminary Accounts for the year ended 31 December 2009
Review of the year ended 31 December 2009 Page 2 Key figures Page 12 Income statement Page 13 Balance sheet Page 14
1 Change in equity and equity certificate ratio Page 15 Cash flow statement 16 Quarterly results 17 Notes to the financial statements 18-26
Any information not listed in the cross-reference lists above, but included in the documents incorporated by reference is given for information purposes only.
To the extent that there is any inconsistency between (a) any statement in this Supplement or any statement incorporated by reference into the Prospectus by this Supplement and (b) any other statement in or incorporated by reference in the Prospectus, the statements in (a) above will prevail.
Save as disclosed in this Supplement, there has been no other significant new factor, material mistake or inaccuracy relating to information included in the Prospectus since the publication of the Prospectus.
In accordance with Article 13 paragraph 2 of the Prospectus Law, investors who have already agreed to purchase or subscribe for any notes to be issued under the Programme before this supplement is published have the right, exercisable within a time limit of two working days after the publication of this Supplement, to withdraw their acceptances.
2