SpareBank 1 Sørøst-Norge

AGM Information • Dec 5, 2023

The merger of SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge approved by the Supervisory Board of SpareBank 1 Sørøst-Norge and by the general meeting of SpareBank 1 SR-Bank ASA

The merger of SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge approved by the Supervisory Board of SpareBank 1 Sørøst-Norge and by the general meeting of SpareBank 1 SR-Bank ASA

Reference is made to the stock exchange notice of 26 October 2023, regarding the decision by the boards of SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge to adopt a plan for merging the banks (merger plan) and forming SpareBank 1 Sør-Norge ASA, and the stock exchange notice of 14 November 2023, about the summons to an extraordinary Supervisory Board meeting in SpareBank 1 Sørøst-Norge the 5 December 2023.

The Supervisory Board of SpareBank 1 Sørøst-Norge and the general meeting of SpareBank 1 SR-Bank ASA, have in meetings on December 5, 2023, approved the merger of the banks by transferring the assets, rights, and obligations of SpareBank 1 Sørøst-Norge to SpareBank 1 SR-Bank ASA and forming SpareBank 1 Sør-Norge ASA.

Reference is also made to the minutes from the meeting where the decision was made in accordance with the summons.

The merger is conditional upon that the relevant supervisory authorities grant the required permissions for completion without imposing conditions that significantly alter the assumptions that the banks have made under the merger plan.

The aim is to complete the merger around 1 July 2024.

SpareBank 1 Markets AS has been engaged as the joint financial advisor of the banks in connection with the merger, while Advokatfirmaet Selmer AS has been engaged as joint legal advisor. In addition, SpareBank 1 SR-Bank has engaged Arctic Securities AS as financial advisor and Advokatfirmaet Thommessen AS as legal advisor.

Contact persons:

SpareBank 1 Sørøst-Norge

Chair: Finn Haugan, tel. +47 900 41 002

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

CFO: Roar Snippen, tel. +47 976 10 360

SpareBank 1 SR-Bank ASA

Chair: Dag Mejdell, tel. +47 905 62 970

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

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

This information is disclosed pursuant to the requirements of the Securities Trading Act § 5-12.