New Issue: Eksportfinans sells $49.17 million Accelerated Return Notes on Rogers International

By Jennifer Chiou

New York, June 1 - Eksportfinans ASA priced $49.17 million of 0% Accelerated Return Notes due Aug. 3, 2010 linked to the Rogers International Commodity Index - Excess Return via Merrill Lynch, Pierce, Fenner & Smith Inc., First Republic Securities Co., LLC and Banc of America Investment Services, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 25.51%. Investors will be fully exposed to any index decline.

Issuer:	Eksportfinans ASA
Issue:	Accelerated Return Notes
Underlying index:	Rogers International Commodity Index - Excess Return
Amount:	$49.17 million
Maturity:	Aug. 3, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, up to maximum return of 25.51%; full exposure to any index decline
Initial index level:	2,174.55
Pricing date:	May 28
Settlement date:	June 5
Agents:	Merrill Lynch, Pierce, Fenner & Smith Inc., First Republic Securities Co., LLC and Banc of America Investment Services, Inc.
Fees:	2%

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