SpareBank 1 Sørøst-Norge

Capital/Financing Update • Jun 15, 2022

SpareBank 1 Sørøst-Norge - Contemplating issuance of Additional Tier 1 bond and buy-back

SpareBank 1 Sørøst-Norge - Contemplating issuance of Additional Tier 1 bond and buy-back

SpareBank 1 Sørøst-Norge (rated A2/Positive by Moody’s) has mandated SpareBank 1 Markets for a potential new perpetual Additional Tier 1 bond issue of up to NOK 100 million, subject to market conditions.

The new issue will have floating rate coupon and a first call option for the issuer minimum 5 years after the settlement date, conditional upon an approval from the Financial Supervisory Authority of Norway, if required.

Sparebanken Møre will, in conjunction with the potential new issuance, consider a buy-back, in whole or in parts, of the outstanding Additional Tier 1 bond SOON12 PRO (NO0010802606).

The combined transaction is approved by the issuer’s general meeting and the Financial Supervisory Authority of Norway.

Sandefjord, 15 June 2022

Contact persons in SpareBank 1 Sørøst-Norge:

Deputy CEO Geir Årstein Hansen, telephone 913 22 137.

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