SpareBank 1 Sørøst-Norge

M&A Activity • Apr 17, 2024

Merger of SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge - the Norwegian Competition Authority has cleared the transaction

Merger of SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge - the Norwegian Competition Authority has cleared the transaction

Reference is made to stock exchange notice dated 5 December 2023 stating that the General Meeting in SpareBank 1 SR-Bank ASA and the Supervisory Board in SpareBank 1 Sørøst-Norge have approved the merger of the two banks.

The Norwegian Competition Authority has on 17 April 2024 cleared the transaction.

The merger is still conditional upon that the Financial Supervisory Authority of Norway and the Ministry of Finance grant the required permissions for completion without imposing conditions that significantly alter the assumptions that the banks have made under the merger plan.

The merger is contemplated to be finalised 1 October 2024.

Contact persons:

SpareBank 1 SR-Bank ASA

CEO: Benedicte Schilbred Fasmer, tlf. +47 950 60 034

CFO: Inge Reinertsen, tlf. +47 909 95 033

SpareBank 1 Sørøst-Norge

CEO: Per Halvorsen, tel. +47 934 07 441

CFO: Roar Snippen, tel. +47 976

This information must be disclosed pursuant to section 5-12 of the Securities Trading Act.