SpareBank 1 Nord-Norge and Helgeland Sparebank are to establish a strategic,
future-oriented collaboration. SpareBank 1 Nord-Norge will become a long-term
owner of Helgeland Sparebank with a 19.99% stake of the bank's equity
certificates. For its part, Helgeland Sparebank will acquire SpareBank 1
Nord-Norge's banking business linked to the branches in Helgeland. Helgeland
Sparebank will concurrently join the SpareBank 1 Alliance by becoming part of
SamSpar.

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