Sparebanken Ost · OSL:SPOG

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

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

  1. Slide 1: Sparebanken Øst Boligkreditt AS Investor presentation

    Sparebanken Øst Boligkreditt AS Investor presentation July 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 June 30th 2010

  3. Slide 3: Property type

    Property type 0% 20 % 40 % 60 % 80 % 100 % Residential property 85 % Owner tenant flat 9% Row house 5% Other 1% • Total cover pool size: MNOK 2 316 • 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 883 Other parts of Buskerud 71 Akershus 557 Oslo 305 Vestfold 158 Rogaland/Hordaland 127 Østfold 55 Northwest/Trøndelag 62 Telemark/Agder 43 Hedmark/Oppland 26 Nordland/Troms/Finnmark 28 •

  5. Slide 5: Seasoning

    Seasoning 1.000 MNOK 800 600 400 200 878 776 528 126 8 0 0-1 1-3 3-5 5-10 10+ Years • Weighted average seasoning: 2,11 years • Approx. 29% of the cover pool is >3 years seasoned

  6. Slide 6: Loan to Value

    Loan to Value 600 MNOK 500 400 300 200 100 46 181 311 453 553 486 257 0 0-10% 10-20% 20-30% 30-40% 40-50% 50-60% 60-70% • Weighted average LTV = 41,2% • Approx. 88% 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 15.09.2015 (04.08.2014) 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 500 Issue date 21.05.2010 Maturity date 21.05.2015 (21.05.2014) Listed / TCKR OABM / SPOBK01 PRO Coupon Nibor 3 months + 0,65 percentage points

  9. Slide 9: Issued covered bonds

    Issued covered bonds RESIDENTIAL COVERED MORTGAGES 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 %

  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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