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SpareBank 1 SMN: Resolutions of the Supervisory Board


November 22, 2013 - London

The Supervisory Board has at it meeting on 21 november 2013 passed resolutions on:

ITEM 6                Amendment of the Articles of Association - number of alternates to the Board of Directors. Second-time consideration

                             
The Supervisory Board resolved that as from spring 2014 three alternates shall be elected to the Board of Directors, one of which shall be from among the employees of the bank.

Article 5-1 of the Articles of Association to be amended from reading:

The Supervisory Board shall elect 6-9 members and 3 alternates. The Supervisory Board shall in addition elect 1 member and 1 alternate nominated by the employee-elected members of the Supervisory Board. Efforts should be made to ensure a regional distribution among the members of the Board of Directors.

To be reading:

The Supervisory Board shall elect 6-9 members and 2 alternates. The Supervisory Board shall in addition elect 1 member and 1 alternate nominated by the employee-elected members of the Supervisory Board. Efforts should be made to ensure a regional distribution among the members of the Board of Directors.

ITEM 7              Establishment in Ørland municipality.Second-time consideration

The Supervisory Board endorsed the Board of Directors' recommendation and
resolved the establishment of an office in Ørland municipality and the following amendment of the Articles of Association:

Article 1-1 of the Articles of Association to be amended from reading:

SpareBank 1 SMN shall have its registered head office in the City of Trondheim and branches in the following municipalities:
Aure, Averøy, Bindal, Eide, Frosta, Fræna, Frøya, Førde, Grong, Hitra, Holtålen, Inderøy, Leksvik, Levanger, Malvik, Melhus, Meråker, Midtre Gauldal, Molde, Namsos, Nærøy, Oppdal, Orkdal, Overhalla, Rauma, Rennebu, Rissa, Røros, Skaun, Snåsa, Steinkjer, Stjørdal, Sunndal, Surnadal, Trondheim, Verdal, Verran, Vestnes, Vikna, Åfjord, Ålesund and Årdal.

To be reading:

SpareBank 1 SMN shall have its registered head office in the City of Trondheim and branches in the following municipalities:
Aure, Averøy, Bindal, Eide, Frosta, Fræna, Frøya, Førde, Grong, Hitra, Holtålen, Inderøy, Leksvik, Levanger, Malvik, Melhus, Meråker, Midtre Gauldal, Molde, Namsos, Nærøy, Oppdal, Orkdal, Overhalla, Rauma, Rennebu, Rissa, Røros, Skaun, Snåsa, Steinkjer, Stjørdal, Sunndal, Surnadal, Trondheim, Verdal, Verran, Vestnes, Vikna,Ørland, Åfjord, Ålesund and Årdal.

ITEM 8                Closure of office in Bindal municipality. First-time consideration

                             
The Supervisory Board takes due note of the Board of Directors' briefing on possible closure of the office in Bindal, and votes in favour of first-time consideration of the following amendment of the Articles of Association:

Article 1-1 of the Articles of Association to be amended from reading:

SpareBank 1 SMN shall have its registered head office in the City of Trondheim and branches in the following municipalities:
Aure, Averøy, Bindal, Eide, Frosta, Fræna, Frøya, Førde, Grong, Hitra, Holtålen, Inderøy, Leksvik, Levanger, Malvik, Melhus, Meråker, Midtre Gauldal, Molde, Namsos, Nærøy, Oppdal, Orkdal, Overhalla, Rauma, Rennebu, Rissa, Røros, Skaun, Snåsa, Steinkjer, Stjørdal, Sunndal, Surnadal, Trondheim, Verdal, Verran, Vestnes, Vikna,Ørland, Åfjord, Ålesund and Årdal.

To be reading:

SpareBank 1 SMN shall have its registered head office in the City of Trondheim and branches in the following municipalities:
Aure, Averøy, Eide, Frosta, Fræna, Frøya, Førde, Grong, Hitra, Holtålen, Inderøy, Leksvik, Levanger, Malvik, Melhus, Meråker, Midtre Gauldal, Molde, Namsos, Nærøy, Oppdal, Orkdal, Overhalla, Rauma, Rennebu, Rissa, Røros, Skaun, Snåsa, Steinkjer, Stjørdal, Sunndal, Surnadal, Trondheim, Verdal, Verran, Vestnes, Vikna,Ørland, Åfjord, Ålesund and Årdal.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)




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(i) the releases contained herein are protected by copyright and other applicable laws; and
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information contained therein.

Source: SpareBank 1 SMN via Thomson Reuters ONE

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