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SpareBank 1 Sørøst-Norge

M&A Activity Feb 22, 2021

3753_iss_2021-02-22_be326ce5-7e9c-4e31-b7ac-1b2e6f8c69f6.html

M&A Activity

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Merger of SpareBank 1 BV and Sparebanken Telemark approved by the banks’ boards

Merger of SpareBank 1 BV and Sparebanken Telemark approved by the banks’ boards

Reference is made to the stock exchange notice published on 30 November 2020 regarding the letter of intent with a view to a merger of SpareBank 1 BV and Sparebanken Telemark.

The boards of the banks have today approved a plan for the merger of the banks. SpareBank 1 BV will be the acquiring bank for legal and accounting purposes and thus take over all of the assets, rights and liabilities of Sparebanken Telemark on implementation of the merger. The merged bank will continue under the name SpareBank 1 Sørøst-Norge.

Tønsberg 22.februar 2021

Contact persons:

SpareBank 1 BV

Finn Haugan, Chair, tel. 900 41 002

Rune Fjeldstad, CEO, tel. 900 79 017

Sparebanken Telemark

Anne Berg Behring, Chair, tel. 930 30 889

Per Halvorsen, CEO, tel. 934 07 441

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

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