SpareBank 1 Sørøst-Norge

Capital/Financing Update • May 15, 2023

SpareBank 1 Sørøst-Norge: Successful issuance of Tier 2 bond and buy-back

SpareBank 1 Sørøst-Norge: Successful issuance of Tier 2 bond and buy-back

SpareBank 1 Sørøst-Norge (issuer rating A1 / Stable by Moody’s) has today issued a new Tier 2 bond of NOK 200 million with floating rate. The coupon is equal to 3 months Nibor + 2.35 percentage points p.a.

Settlement date is 24 May 2023. The Tier 2 bond issue has a first-time call option for the issuer on 24 May 2028, subject to an approval from the Financial Supervisory Authority of Norway, if required.

The new issue has been approved by the Bank's general meeting, and the bonds will be applied for listing on Nordic ABM.

DNB Markets acted as sole manager.

Sandefjord, 15 May 2023

Contact persons in SpareBank 1 Sørøst-Norge:

CFO/IR Roar Snippen, telephone +47 976 10 360.

Head of Finance Mona Storbrua, telephone +47 916 39 833.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.