New Issue: Wachovia sells $8.52 million 12% enhanced yield securities on Newmont Mining for Eksportfinans

By Susanna Moon

Chicago, Jan. 18 - Eksportfinans ASA priced $8.52 million of 12% annualized enhanced yield securities with contingent downside protection due Oct. 30, 2008 linked to the common stock of Newmont Mining Corp. via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par in cash unless Newmont Mining stock falls by more than 25% during the life of the notes - a knock-in event - and the stock finishes below the initial price, in which case the payout will be a number of Newmont Mining shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Newmont Mining Corp. (NYSE: NEM)
Amount:	$8,515,000
Maturity:	Oct. 30, 2008
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Newmont Mining stock falls by more than 25% during the life of the notes - a knock-in event - and the stock finishes below the initial price, in which case 18.546 Newmont Mining shares
Initial share price:	$53.92
Knock-in price:	$40.44, 75% of initial share price
Pricing date:	Jan. 16
Settlement date:	Jan. 22
Agent:	Wachovia Capital Markets, LLC
Fees:	0.9%

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