Lea Bank ASA

Lea bank ASA: Decision on Pillar 2 Requirement and Capital Buffer

The Norwegian Financial Supervisory Authority (FSA) has in connection with an

updated assessment of risk and capital needs in Lea bank ASA ("SREP") made a

decision on the capital requirement in Pillar 2 and the expected capital buffer.

The Pillar 2 requirement and the expected capital buffer are in addition to the

capital requirements under Pillar 1.

The FSA has decided that the Pillar 2 requirement for Lea bank ASA shall be

reduced from 6.5 % to 5.1 % of the total risk exposure amount. 100 % of the

requirement must be covered with Core Equity Tier 1 (CET1).

The FSA also expects Lea bank to have a capital buffer of 2 % of the total risk

exposure amount. 100 % of the requirement must be covered with Core Equity Tier

1 (CET1).

The new requirement will apply from 30 June 2024.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

Contact:

Oddbjørn Berentsen, CEO

Phone: +47 22 99 14 00

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