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Bank Norwegian

Dislocure of large shareholdings and mandatory notification of trade - NOFI


Borak AS has after close of trading today, 20 June 2016, sold 1,315,790 shares in Norwegian Finans Holding ASA under a total return swap agreement ("TRS") with Danske Bank as counterparty at NOK 76.00 per share. The chairman of Norwegian Finans Holding ASA and Bank Norwegian AS, Bjørn Kise, owns 100% of Borak AS. Following the transaction, Borak AS owns 7,681,443 shares in Norwegian Finans Holding ASA equivalent to approximately 4.27% of the shares in the company.