New Issue: Wachovia prices $8.31 million 10% enhanced yield notes linked to GE for Eksportfinans

By Susanna Moon

Chicago, Aug. 4 - Eksportfinans ASA priced $8.31 million of 10% annualized enhanced yield securities due Feb. 5, 2009 linked to the common stock of General Electric Co. via Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payout at maturity will be par unless the stock falls by 20% or more during the life of the notes and finishes below the initial share price, in which case the payout will be a number of General Electric shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	General Electric Co. (NYSE: GE)
Amount:	$8,314,000
Maturity:	Feb. 5, 2009
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	If the stock falls to or below the knock-in price during the life of the notes and the final share price is less than the initial share price, 35.3482 General Electric shares; otherwise, par
Initial share price:	$28.29
Knock-in price:	$22.632, or 80% of initial price
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	Wachovia Capital Markets, LLC
Fees:	1.25%

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