Sparebanken Møre

Capital/Financing Update • May 12, 2022

Sparebanken Møre - Contemplating issuance of Additional Tier 1 bond and buy-back

Sparebanken Møre - Contemplating issuance of Additional Tier 1 bond and buy-back

Sparebanken Møre (rated A1/Stable by Moody’s) has mandated Danske Bank and DNB Markets for a potential new perpetual Additional Tier 1 bond issue of up to NOK 400 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 MORG43 (NO0010796154).

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

Ålesund, 12 May 2022

Sparebanken Møre

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