Sparebanken Ost · OSL:SPOG

Sparebanken Ost — Sparebanken Øst Boligkreditt AS — Debt Investor Presentation (September 2010)

10 slides from Sparebanken Ost's debt investor presentation, Sep 30, 2010

  1. Slide 1: Sparebanken Øst Boligkreditt AS Investor presentation

    Sparebanken Øst Boligkreditt AS Investor presentation 30.09.2010 Frode Lindbeck

  2. Slide 2: Sparebanken Øst Boligkreditt AS

    Sparebanken Øst Boligkreditt AS • Established 14. april 2009 • Fully owned subsidiary of Sparebanken Øst – All figures in the following presentation are as at September 30th 2010

  3. Slide 3: Property type

    Property type 0% 20 % 40 % 60 % 80 % 100 % Detached House 84 % Condominium 10 % Semi Detached 5% Other 1% • Total cover pool size: MNOK 2 510 • Loans are 100% 1.-priority Norwegian residential mortgages • Loan type: 100% adjustable rate mortgages

  4. Slide 4: Regional distribution of collateral

    Regional distribution of collateral OUTSTANDING LOAN BALANCE (MNOK) 0 200 400 600 800 1.000 Drammen/Eiker/Lier 896 Other parts of Buskerud 65 Akershus 611 Oslo 335 Vestfold 177 Rogaland/Hordaland 164 Østfold 70 Northwest/Trøndelag 74 Telemark/Agder 57 Nordland\Troms\Finnmark 36 Hedmark\Oppland 26 •

  5. Slide 5: Seasoning

    Seasoning 1.200 MNOK 1.000 800 600 400 200 1.067 778 530 127 8 0 0-1 1-3 3-5 5-10 10+ Years • Weighted average seasoning: 1,96 years • Approx. 27% of the cover pool is >3 years seasoned

  6. Slide 6: Loan to Value

    Loan to Value 700 MNOK 600 500 400 300 200 100 51 187 335 482 605 528 294 7 0 0-10% 10- 20- 30- 40- 50- 60- 70- 20% 30% 40% 50% 60% 70% 80% • Weighted average LTV = 41,5% • Approx. 87% of the cover pool has an LTV < 60% • There are none non-performing or impaired loans in the mortgage portfolio

  7. Slide 7: Issued covered bond

    Issued covered bond Issuer / borrower Sparebanken Øst Boligkreditt AS ISIN NO0010520372 Maximum principal amount MNOK 1 500 Current outstanding MNOK 1 250 Issue date 15.06.2009 Maturity date 04.08.2014 (15.09.2015) Listed / TCKR -/- Coupon Nibor 3 months + 0,45 percentage points

  8. Slide 8: Issued covered bond

    Issued covered bond Issuer / borrower Sparebanken Øst Boligkreditt AS ISIN NO0010572464 Maximum principal amount MNOK 1 000 Current outstanding MNOK 700 Issue date 21.05.2010 Maturity date 21.05.2015 (23.05.2016) Listed / TCKR OABM / SPOBK01 PRO Coupon Nibor 3 months + 0,65 percentage points

  9. Slide 9: Issued covered bonds

    Issued covered bonds RESIDENTIAL MORTGAGES COVERED BONDS OVER-COLLATERALIZATION 2Q09 1.685.940 1.250.000 35 % 3Q09 1.471.586 1.250.000 18 % 4Q09 1.844.068 1.250.000 48 % 1Q10 2.270.788 1.250.000 82 % 2Q10 2.316.204 1.750.000 32 % 3Q10 2.510.242 1.950.000 29 %

  10. Slide 10: Sparebanken Øst Boligkreditt AS contact details

    Sparebanken Øst Boligkreditt AS Phone:+47 915 03220 P.o.box 54 Fax: +47 3220 1365 3001 Drammen www.oest.no Norway firmapost@oest.no Daglig leder Investorkontakt Lars-Runar Groven Frode Lindbeck / Vegard Kvamme +47 3220 1135 +47 3220 1351 / +47 3220 1383 larsrunar.groven@oest.no vegard.kvamme@oest.no

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