Kraft Bank ASA

Capital/Financing Update • Nov 8, 2022

KRAFT BANK ASA – BOND MANDATE ANNOUNCEMENT

KRAFT BANK ASA – BOND MANDATE ANNOUNCEMENT

Kraft Bank ASA has mandated Pareto Securities AS as arranger for a potential issuance of a new dated subordinated Tier 2 bond issue of up to NOK 40 million, subject to market conditions.

The Tier 2 bond issue will have a floating rate and a tenor of minimum 10 year with first call option for the bank 5 years after issue date.

A potential bond issue has been approved by the bank's General Meeting and Board of Directors.

Sandnes, 8 November 2022.

For further information, please contact:

CFO, Ole Jacob Olsnes, mob. +47 930 54 192

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