New Issue: Eksportfinans prices $15.6 million 0% notes linked to S&P 500

By Jennifer Chiou

New York, Dec. 7 - Eksportfinans ASA priced $15.604 million 0% medium-term triple up appreciation notes due June 14, 2007 linked to the S&P 500 index.

The redemption amount depends on the performance of the index and investors will receive a 117.1% return - the maximum redemption amount - if the final index level is greater than 105.7% of the initial index level; three times the return on the index if the final index level is equal to or greater than the initial index level and less than 105.7% of the initial index level; and investors will participate in any losses if the final index is less than the initial index level.

Issuer:	Eksportfinans ASA
Issue:	Medium-term triple up appreciation index-linked notes
Underlying index:	S&P 500
Amount:	$15.604 million
Maturity:	June 14, 2007
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than 105.7% of the initial index level, then maximum redemption amount of 117.1% return; three times the return on the index if the final index level is equal to or greater than the initial index level and less than 105.7% of the initial index level; participation in any losses if the final index is less than the initial index level
Initial index level:	1,249.48
Appreciation cap:	105.71% of initial index level
Pricing date:	Nov. 30
Settlement date:	Dec. 14
Issuer ratings:	Moody's: Aaa
	S&P: AA+
Agent:	Goldman, Sachs & Co.

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