As informed in previous stock exchange notification on January 18 2008, Eksportfinans ASA increases equity by NOK 1,2 billion. The increase in equity was decided by an extraordinary general assembly today, and it is signed by all of Eksportfinans’ shareholders. All of the owner banks participate on a pro rata basis. The issuance takes place against a background of unrealized losses in the company’s liquidity portfolio.
In addition, Eksportfinans ASA entered into an agreement with some of its owner banks where these owner banks guarantee for further unrealized losses in the liquidity portfolio for an amount of up to NOK 5 billion. The guarantee depends on approval by the company’s ordinary general assembly on April 3, 2008, and all of Eksportfinans’ shareholders will be given the opportunity to participate in the agreement on a pro rata basis. Eksportfinans consulted DnB NOR Markets as advisor for the transactions.
Financial results 2007
The Board of Directors has approved today the Director’s report and financial statement for 2007. Final approval of the financial statement will take place on the company’s ordinary general assembly on April 3, 2008. The documents are available here
For further information, please contact:
Gisele Marchand
President and CEO
tel: +47 41 51 74 89
e-mail: gma@eksportfinans.no
Elise Lindbæk
Head of Communications
tel: +47 90 51 82 50
e-mail: el@eksportfinans.no