Increase of capital and security against unrealized losses

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 on www.eksportfinans.no.


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