Sparebanken Sør

Share Issue/Capital Change • Mar 25, 2025

Sparebanken Sør: Information regarding delivery of the remaining Eligible Bonus ECCs

Sparebanken Sør: Information regarding delivery of the remaining Eligible Bonus ECCs

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO USA, AUSTRALIA, CANADA, JAPAN, HONG KONG, SWITZERLAND OR SINGAPORE, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL, EXCEPT AS PERMITTED UNDER APPLICABLE SECURITIES LAW.

Reference is made to the stock exchange announcement dated 28 November 2023 regarding the successful bookbuilding and sale of existing equity capital certificates ("Offer ECCs") in Sparebanken Sør, carried out by Sparebankstiftelsen Sparebanken Sør (the “Foundation”) (the “Offering”) as well as the stock exchange announcements dated 15 November 2024 and 13 December 2024 regarding delivery and distribution of the first 50% of the bonus equity capital certificates in Sparebanken Sør ("Bonus ECCs") and that the remaining 50% of the Bonus ECCs will be delivered shortly before completion of the merger with Sparebanken Vest.

As described in the prospectus for the Offering dated 20 November 2023 and in the stock exchange announcement of 20 November 2023, investors in the retail offering have the right to receive, without further consideration, one (1) Bonus ECCs for every tenth (10.) Offer ECCs allocated and delivered to such investor up to an amount of NOK 500 000 (the allocated and delivered Offer ECCs that give a right to Bonus ECCs are referred to as "Eligible ECCs").

The right for an investor to receive (i) the first 50% of its Bonus ECCs, rounded down to the nearest whole Bonus ECC, and (ii) the remaining 50% of its Bonus ECCs, rounded up to the nearest whole Bonus ECC, is conditional upon the relevant investor not selling or otherwise transferring any of the Eligible ECCs, including any received Bonus ECCs, between the date of delivery of the Eligible ECCs and 12 months after delivery of the Eligible ECCs and 24 months after delivery of the Eligible ECCs, respectively.

The first 50 % of the Bonus ECCs were delivered to the eligible investors' VPS account on 13 December 2024. Investors seeking to retain the right to receive the remaining 50% of its Bonus ECCs must have held their Eligible ECCs continuously from 29 November 2023 to and including 1 April 2025.

It is expected that the remaining 50% of the Bonus ECCs will be registered in the eligible investors’ VPS accounts around 22 April 2025.

The Bonus ECCs will be delivered by the Foundation, and the Foundation will cover all costs associated with such delivery.

For further information, please contact:

Norne Securities AS: +47 55 55 91 30

Pareto Securities AS: +47 22 87 87 00

Swedbank Norge: +47 23 23 80 00

Sparebankstiftelsen Sparebanken Sør, Eskild Stenhaug: +47 46 20 77 71

Sparebanken Sør, Steinar Vigsnes (CFO): +47 90 61 31 35

This information is subject to the information requirements pursuant to the Norwegian Securities Trading Act section 5-12.