Sparebanken Møre

Notice of Dividend Amount • Feb 12, 2021

Key information relating to the cash dividend to be paid by Sparebanken Møre

Key information relating to the cash dividend to be paid by Sparebanken Møre

Dividend amount: 4.50

Declared currency: NOK

Last day including right: 23 March 2021

Ex-date: 24 March 2021

Record date: 25 March 2021

Payment date: 06 April 2021

Date of approval: 23 March 2021

Other information:

In a letter to the Financial Supervisory Authority of Norway dated 20 January 2021, the Ministry of Finance expressed an expectation that Norwegian banks, which after a careful assessment and based on ESRB’s recommendations find a basis for distributions, keep overall distributions within a maximum of 30 per cent of the cumulative annual result for the years 2019 and 2020 up to 30 September 2021.

The Bank’s dividend policy implies a cash dividend for 2020 of NOK 13.50 per equity certificate. Based on the current extraordinary situation and the authorities’ expectations, the Board has deemed it appropriate to propose to the General Meeting a cash dividend per equity certificate of NOK 4.50 for the 2020 financial year.

The corresponding provision for dividend funds to the local community will amount to NOK 45 million. The total dividend for 2019 and 2020 will thus amount to 30 per cent of the cumulative annual result for the years 2019 and 2020.

The Board will also propose to the General Meeting that the Board is issued authorisation to make an additional payment of up to NOK 9.00 per EC for distribution as cash dividend and allocate up to NOK 91 million as dividend funds to the local community for the 2020 financial year. In the event of such further distribution, the overall dividend for the 2020 financial year will thus be in line with the Bank’s dividend policy.

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.