SpareBank 1 Sørøst-Norge

M&A Activity • Apr 9, 2021

Merger of SpareBank 1 BV and Sparebanken Telemark - the Norwegian Competition Authority has cleared the transaction

Merger of SpareBank 1 BV and Sparebanken Telemark - the Norwegian Competition Authority has cleared the transaction

Reference is made to stock exchange notice dated 25 March 2021 stating that the Supervisory Boards in SpareBank 1 BV and Sparebanken Telemark have approved the merger of the two banks.

Today, 9 April 2021, the Norwegian Competition Authority has cleared the transaction.

The merger is contemplated to be finalised on 1 June 2021.

Contact persons:

SpareBank 1 BV:

Rune Fjeldstad, CEO, tel. + 47 900 79 017

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

Sparebanken Telemark: Per Halvorsen, CEO, tel. +47 934 07 441 Anne Berg Behring, Chair, tel. +47 930 30 889

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