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Sparebanken Møre

Capital/Financing Update • May 12, 2022

3754_rns_2022-05-12_66feeba0-e579-48cd-a509-8569737853b0.html

Capital/Financing Update

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Sparebanken Møre: Successful issuance of Additional Tier 1 capital

Sparebanken Møre (rated A1/ stable by Moody’s) refers to the announcement earlier today, and the bank has today issued a new Additional Tier 1 bond issue in the amount of NOK 400 million with a floating coupon rate. The coupon rate is equal to 3 months NIBOR + 3.50 percentage points p.a.

Settlement date is set to 19 May 2022, and the new issue as a first-time call option for the issuer on 19 May 2027, subject to an approval from the Financial Supervisory Authority of Norway, if required.

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

Danske Bank and DNB Markets acted as Joint Lead Arrangers.

Ålesund, 12 May 2022

Sparebanken Møre

Head of Treasury, Ove T. Ness, phone +47 701 13 174 mobile +47 957 62 524