Oslo Børs, in capacity as take-over supervisory authority, has approved payment guarantee pursuant to the Securities Trading Act section 6-22 3rd sub-section no. 3 in connection with compulsory acquisition ("squeeze-out") of shares inSbanken ASA without preceding mandatory offer. In this respect, Oslo Børs has also considered the other relevant conditions applicable for the exemption to present a mandatory offer pursuant to the Securities Trading Act section 6-22 3rd sub-section.DNB Bank ASA has resolved to effect a compulsory acquisition of the shares inSbanken ASA not already held byDNB Bank ASA pursuant to thePublic Limited Liability Companies Act section 4-25. The price offered under the compulsory acquisition isNOK 104.45 per share, which would have been the minimum offer price for a mandatory offer fromDNB Bank ASA to the shareholders ofSbanken ASA . Attached is a copy of the guarantee document issued bySwedbank Norge , a Norwegian branch ofSwedbank AB , for the benefit of those that are subject to the compulsory acquisition. The guarantee document includes, amongst others, information on the deadline for presenting claims under the guarantee, the address for delivery of claims and the documentation that must be submitted.
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