New Issue: Citi prices $7.5 million partially protected notes tied to euro, Australian dollar for Eksportfinans

By Angela McDaniels

Tacoma, Wash., May 4 - Eksportfinans ASA priced $7.5 million of zero-coupon non-callable partial principal-protected notes due May 6, 2011 linked to the euro and Australian dollar via Citigroup Global Markets Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the euro weakens relative to the U.S. dollar and the Australian dollar strengthens relative to the U.S. dollar, the payout at maturity will be 116% of par. Otherwise, the payout will be 95% of par.

Issuer:	Eksportfinans ASA
Issue:	Non-callable partial principal-protected notes
Underlying currencies:	Euro and Australian dollar
Amount:	$7.5 million
Maturity:	May 6, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	If euro weakens relative to U.S. dollar and Australian dollar strengthens relative to U.S. dollar, 116% of par; otherwise, 95% of par
Initial exchange rates:	1.394 U.S. dollars per euro; 0.924 U.S. dollars per Australian dollar
Pricing date:	April 30
Settlement date:	May 14
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.57%
Cusip:	282645UX6

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