SpareBank 1 Sørøst-Norge

M&A Activity • Sep 15, 2021

Sparebank 1 Sørøst-Norge and SpareBank 1 Modum signs letter of intent regarding merger

Sparebank 1 Sørøst-Norge and SpareBank 1 Modum signs letter of intent regarding merger

The boards of SpareBank 1 Sørøst-Norge and SpareBank 1 Modum have today, 15 September 2021, signed a letter of intent with a view to merge. The letter of intent, which sets out the main principles for a possible merger, was unanimously approved by the boards of both banks.

See appendix

Contact persons

SpareBank 1 Sørøst-Norge

Finn Haugan, Chair, tel. + 47 900 41 002

Per Halvorsen, Group CEO, tel. + 47 934 07 441

SpareBank 1 Modum

Trond Gewelt, Chair, tel. +47 970 44 880

Egil Meland, CEO, tel. +47 481 05 221

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

This information constitutes inside information and is subject to the disclosure requirements in accordance with the Market Abuse Regulation (MAR). The notification will be published on behalf of SpareBank 1 Sørøst-Norge by Per Grøtterød, Head of Treasury,at 07:55,15.09.2021.