New Issue: Wachovia prices $31.28 million 25.5% enhanced yield securities tied to GM for Eksportfinans

By Susanna Moon

Chicago, April 15 - Eksportfinans ASA priced $31.28 million of 25.5% annualized enhanced yield securities due Oct. 15, 2008 linked to the common stock of General Motors Corp. via Wachovia Capital Markets, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

If General Motors stock falls below the knock-in price - 40% of the initial share price - during the life of the notes and finishes below the initial price, the payout at maturity will be a number of General Motors shares equal to par divided by the initial share price.

Otherwise, the payout will be par.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	General Motors Corp. (NYSE: GM)
Amount:	$31,275,000
Maturity:	Oct. 15, 2008
Coupon:	25.5%, payable monthly
Price:	Par
Payout at maturity:	If stock falls below knock-in price during life of notes and finishes below initial price, 50.9684 General Motors shares; otherwise, par
Initial price:	$19.62
Knock-in price:	$11.772, or 40% of initial price
Pricing date:	April 11
Settlement date:	April 16
Agent:	Wachovia Capital Markets, LLC
Fees:	1.25%

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