November 13 2008 - Moody's Investors Service has changed the outlook on BFSR of Norvik Banka to negative from stable. The Bank's financial strength rating is affirmed D- that translates into Baseline Credit Asseement of Ba3.
The Bank's Not Prime short-term deposit rating was affirmed.

Financial Institutions Department

AS "NORVIK BANKA"

Tel +371 67011467, 67041178