New Issue: Wachovia prices $6.1 million enhanced growth securities linked to GE for Eksportfinans

By Laura Lutz

Des Moines, Dec. 3 - Eksportfinans ASA priced $6.1 million of 0% enhanced growth securities with continent downside protection and capped upside due June 2, 2009 linked to the common stock of General Electric Co., according to a 424B5 filing with the Securities and Exchange Commission.

Wachovia Capital Markets, LLC is the underwriter.

If General Electric stock closes below the knock-in price - 85% of its initial price - during the life of the notes and finishes below its initial level, the payout at maturity will be a number of General Electric shares equal to par divided by the initial price of the stock.

Otherwise, the payout will be par plus 200% of any gain on the stock with a floor of par and a maximum payout of 132% of par.

Issuer:	Eksportfinans ASA
Issue:	Enhanced growth securities with contingent downside protection and capped upside
Underlying stock:	General Electric Co. (NYSE: GE)
Amount:	$6,096,907.84
Maturity:	June 2, 2009
Coupon:	0%
Price:	Par of $38.14
Payout at maturity:	If General Electric stock closes below 85% of initial price during life of notes and finishes below initial level, shares equal to par divided by initial price; otherwise, par plus 200% of any stock gain with floor of par and maximum of 132% of par
Initial share price:	$38.14
Knock-in level:	$32.419, 85% of initial level
Pricing date:	Nov. 29
Settlement date:	Dec. 4
Underwriter:	Wachovia Capital Markets, LLC
Fees:	2%

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