Sandnes Sparebank (the "Bank") has given Swedbank Norge a mandate for the possible issue of a new subordinated loan (tier 2) with 10 years maturity and with first right to call after 5 years. The size of the loan is expected to be NOK 100 million. The Bank has an outstanding loan, NO0010683378, in the amount of NOK 300 million, with call date on June 25, 2018. The Bank is considering repurchasing bonds in this loan as part of the abovementioned process, and/or after the possible issuance. The issue is approved by the Financial Supervisory Authority of Norway and the Bank's Annual General Meeting.