ABG Sundal Collier

Earnings Release • Apr 26, 2022

ABGSC - Q1 2022 Interim Report

ABGSC - Q1 2022 Interim Report

Highlights:

· Q1 revenues of NOK 487m (NOK 738m) in turbulent markets

· 2022 Q1 diluted EPS of NOK 0.17 (NOK 0.39)

· Pipeline remaining at solid levels

CEO comment:

I am very pleased to again report a solid quarter with revenues just shy of the

NOK 500m mark. Although revenues are down compared to the outstanding Q1 last

year, the first quarter is normally seasonally slow, and this year's performance

is particularly strong in a historical context.

The year got off to a good start, with market activity remaining high in the

first half of the quarter, until we sadly again witnessed armed aggression in

Europe. The Russian war against Ukraine has resulted in human suffering beyond

comprehension, and has impacted the financial markets through increased

uncertainty and volatility. The markets for new issuance of debt and equity felt

the effects immediately, with several planned transactions being put on hold or

rescheduled.

Despite this more challenging and turbulent macroeconomic and geopolitical

sentiment, ABGSC executed on a strong pipeline of transactions in Q1. The

slowdown in equity capital market activity, and especially IPOs, has been offset

by the closing of several mergers and acquisitions during the quarter. Also, our

brokerage operation has been less affected by the more volatile conditions.

ABGSC's ability to keep up activities in a changing market shows that we have

transformed from a highly specialized transaction advisor and brokerage firm

into a full-service investment bank with a broader and diverse revenue base. As

an independent financial advisor with a broad product range, we can help our

clients through the different stages in a business cycle and always provide the

best advice regardless of the state of the market.

Outlook

We entered 2022 with more mandated transactions than we did in 2021, and the

pipeline remains at solid levels. Some projects have been postponed due to

market circumstances, and despite a decent start to Q2, the current sentiment

provides limited visibility.

Jonas Ström, CEO

For further information:

Jonas Ström, CEO                     +46 8 566 294 68

Geir B. Olsen, CFO                   +47 22 01 60 35

Please find attached the Q1 2022 Interim Report. A presentation will be held as

a webcast at 09.00 CET and can be accessed through a weblink or call-in details

presented on our corporate website www.abgsc.com.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation article 7 and is subject to the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock

exchange announcement was submitted for publication, through the agency of the

contact persons set out above, at 08:00 CET on 26 April 2022