SpareBank 1 Sørøst-Norge

M&A Activity • Sep 12, 2024

SpareBank 1 Sørøst-Norge: Sparebanken Sogn og Fjordane final entry into SamSpar AS and SpareBank 1-alliansen

SpareBank 1 Sørøst-Norge: Sparebanken Sogn og Fjordane final entry into SamSpar AS and SpareBank 1-alliansen

On April 26, 2023, Sparebanken Sogn og Fjordane entered into an agreement to become an owner in SpareBank 1-alliansen and to assume new bank in SpareBank 1-alliansen. The agreement was announced on the stock exchange the same day. On April 24, 2024, an amendment and supplementary agreement were announced on the stock exchange, upon which Sparebanken Sogn og Fjordane became a 13 percent owner of SpareBank 1 SamSpar AS og Samarbeidende Sparebanker Utvikling DA, effective from May 2, 2024.

With expected effect from September 13, 2024, Sparebanken Sogn og Fjordane will assume a 13 percent ownership stake in Samarbeidende Sparebanker AS.

Sparebanken Sogn og Fjordane's entry into Samarbeidende Sparebanker AS is expected to have an accounting effect of just under 50 million kroner for the parent company and 60 million kroner for the group SpareBank 1 Sørøst-Norge.

After the transaction, SpareBank 1 Sørøst-Norge owns 27.7 percent of the shares in Samarbeidende Sparebanker AS.

Sandefjord, September 12, 2024

For further information, please contact:

CEO Per Halvorsen, tel +47 934 07 441

CFO Roar Snippen, tel +47 976 10 360

This information is subject to disclosure requirements pursuant to the Securities Trading Act § 5-12