New Issue: Wells Fargo sells $3.27 million 13% enhanced yield notes linked to Baker Hughes for Eksportfinans

New York, Nov. 30 - Eksportfinans ASA priced $3.27 million of 13% annualized enhanced yield securities with contingent downside protection due June 1, 2010 linked to the common stock of Baker Hughes Inc., according to a 424B3 filing with the Securities and Exchange Commission.

Wells Fargo Securities, LLC is the agent.

Interest is payable monthly.

The payout at maturity will be par unless Baker Hughes stock falls by 25% or more during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Baker Hughes shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities with contingent downside protection
Underlying stock:	Baker Hughes Inc. (NYSE: BHI)
Amount:	$3,268 ,000
Maturity:	June 1, 2010
Coupon:	13%, payable monthly
Price:	Par
Payout at maturity:	If the stock falls to or below the knock-in price of $31.193 during the life of the notes and finishes below the initial price, 24.0442 Baker Hughes shares; otherwise, par
Initial share price:	$41.59
Knock-in price:	$31.193, 75% of initial price
Pricing date:	Nov. 25
Settlement date:	Dec. 1
Agent:	Wells Fargo Securities, LLC
Fees:	1.25%

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