OREANDA-NEWS. January 23, 2009.URSA Bank announced a buy back programme for EUR300m 8.30 Per Cent. LPNs due May 2011.

Not for release into the United States, Canada or Japan. URSA Bank announced today that it has authorised a debt repurchase programme pursuant to which the Bank may from time to time repurchase (through open market purchases or private transactions) up to all of the outstanding 8.30 Per Cent. Loan Participation Notes due November 2011 (ISIN XS0274663383) issued by URSA Finance Plc (formerly known as Sibacademfinance plc) for the sole purpose of funding a loan to URSA Bank (of which approximately EUR 300 million in principal is currently outstanding).