SpareBank 1 SR-Bank

Capital/Financing Update • Nov 24, 2025

Final notice of decision regarding Supervisory Review and Evaluation Process (SREP)

Final notice of decision regarding Supervisory Review and Evaluation Process (SREP)

In a letter dated 21 November 2025, the Norwegian FSA (NFSA) has given SpareBank 1 Sør-Norge ASA (“the Bank”) a final decision concerning the overall capital requirement under Pillar 2 and the Pillar 2 Guidance, in connection with the NFSA’s updated assessment of the Banks risk and capital needs (SREP). The decision will apply from 31 December 2025.

The Pillar 2 Requirement and the Pillar 2 Guidance come in addition to the capital requirements under Pillar 1. The NFSA’s preliminary assessment is that the total capital requirement of SpareBank 1 Sør-Norge ASA under Pillar 2 is 1.4 percent of risk weighted assets under Pillar 1, down from 1.9 percent from the previous SREP-assessment.

Furthermore, the NFSA's assessment is that the bank must hold a temporary buffer of 0.5 percent of risk weighted assets under Pillar 1, related to model risk. At least 56.25 percent of the requirement shall be met with common equity tier 1 (CET1) capital, while 75 percent must be met with tier 1 capital.

Furthermore, the NFSA's assessment is that the Pillar 2 Guidance should be adjusted from 1.25 percent to 1.00 percent.

Stavanger, 24 November 2025.

Contacts:

Morten Forgaard, Investor Relations, Tel. +47 916 21 425

Eirik Monsen, CFO, Tel. +47 916 39 831

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