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Regulatory press release

NOFIN: Incoming Investment Director Subscribes in the Share Issue

Nordic Financials
Svend Egil Larsen, the incoming Investment Director of Nordic Financials ASA,
has today, through his wholly owned company Selaco AS, subscribed for
250,000,000 offer shares at the subscription price. Selaco AS holds 86,691,460
transferable subscription rights.

For further information, please contact:

Nils Petter Skaset
CEO of Nordic Financials ASA
Tel: +47 951 88 154
e-mail: nps@nofin.no
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