Sparebanken Ost · OSL:SPOG

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

11 slides from Sparebanken Ost's debt investor presentation, Dec 31, 2010

  1. Slide 1: Sparebanken Øst Boligkreditt AS Investor presentation

    Sparebanken Øst Boligkreditt AS Investor presentation 31.12.2010 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 December 31st 2010

  3. Slide 3: Property type

    Property type 0% 20 % 40 % 60 % 80 % 100 % Detached House 82 % Condominium 12 % Semi Detached 5% Other 1% • Total cover pool size: MNOK 2 830 • 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 921 Other parts of Buskerud 71 Akershus 714 Oslo 405 Rogaland/Hordaland 207 Vestfold 197 Østfold 94 Northwest/Trøndelag 92 Telemark/Agder 63 Nordland\Troms\Finnmark 37 Hedmark\Oppland 29 •

  5. Slide 5: Seasoning

    Seasoning 1.200 MNOK 1.000 800 600 400 200 1.042 997 641 141 9 0 0-1 1-3 3-5 5-10 10+ Years • Weighted average seasoning: 2.10 years • Approx. 28% 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 51 206 395 610 664 622 273 8 1 0 0% 0% % % % % % % % 20 30 40 50 60 70 80 10 1 - - - - - - - 0- 10 20 30 40 50 60 70 - 90 • Weighted average LTV = 43,2% • Approx. 90% of the cover pool has an LTV < 60% • There are none non-performing or impaired loans i

  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 bond

    Issued covered bond Issuer / borrower Sparebanken Øst Boligkreditt AS ISIN NO0010589955 Maximum principal amount MNOK 1 000 Current outstanding MNOK 500 Issue date 18.10.2010 Maturity date 18.10.2016 (18.10.2017) Listed / TCKR OABM / SPOBK02 PRO Coupon Nibor 3 months + 0,57 percentage points

  10. Slide 10: 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 % 4Q10 2.830.329 2.450.000 16 %

  11. Slide 11: 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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