Lea Bank ASA

AGM Information • Jul 16, 2020

Minutes from Extraordinary General Meeting - approval of merger plan

Minutes from Extraordinary General Meeting - approval of merger plan

The extraordinary general meeting (the "EGM") of Easybank ASA (the "Company") was held on 16 July 2020 at Holbergs gate 21, Oslo.

All proposals on the agenda were adopted. The EGM consequently approved the merger plan dated 12 June 2020 regarding the merger between BRAbank ASA and the Company with the Company as the surviving entity, as well as a reduction of the nominal amount of the Company's shares from NOK 7 to NOK 2 by way of a share capital decrease and issuance of warrants to existing warrant holders in BRAbank as contemplated in the merger plan and the announcement of 12 June 2020.

The merger will be carried out subject to and in accordance with the conditions set out in the merger plan. Following the EGM's approval of the merger plan today and the subsequent mandatory announcement in the Norwegian Register of Business Enterprises, a six week creditor notice period will commence. The Company will revert in due course with dates for completion of the merger.

The complete minutes of the EGM are attached to this release, and are also available on www.easybank.no.