Stabilisation Notice

    RNS Number : 0562V
  Citigroup Global Markets Limited
  22 May 2008
   

    22 May 2008
    Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be
unlawful.
    KOMMUNALBANKEN
    Stabilisation Notice
    Citigroup Global Markets Limited (contact: Syndicate Desk; telephone: [phone]) hereby gives notice the Stabilising Manager(s)
named below undertook stabilisation (within the meaning of the rules of the Financial Services Authority)  in relation to the offer of the
following securities.

 Issuer:                     KOMMUNALBANKEN
 Aggregate nominal amount:  USD 1,000,000,000
 Description:               3.25% Notes Due 2011
 Stabilising Manager(s)     Citigroup Global Markets Limited
                            Morgan Stanley & Co
                            International
                            RBC Capital Markets

     For each of the dates during which stabilisation transactions were carried out, the price range was as follows: 

 Date         Lowest price  Highest price
 21 May 2008  99.595        99.595

    This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

    This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and
will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent
registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States. 



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