Bien Sparebank ASA

M&A Activity • Jan 31, 2025

Preliminary result of the offer to purchase shares in Bien Sparebank ASA by JBF Forsikring Gjensidig

Preliminary result of the offer to purchase shares in Bien Sparebank ASA by JBF Forsikring Gjensidig

Preliminary result of the offer to purchase shares in Bien Sparebank ASA by JBF Forsikring Gjensidig

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION.

Reference is made to the press release issued on 27 January 2025, where JBF Forsikring Gjensidig (the "Buyer") launched an offer to purchase up to 289,690 existing shares in Bien Sparebank ASA (the "Company") through an application process with a fixed price of NOK 131.00 per share (the "Offer"). The application period expired on 30 January 2025 at 16:30 (CET).

Following the end of the application period, the Buyer has received preliminary acceptances to purchase 122,851 shares at a price of NOK 131.00 per share pursuant to the Offer.

The final result of the Offer is expected to be announced on 3 February 2025 before 09:00 (CET).

The settlement of shares in the Offer is expected to take place on or about 31 January 2025 and the settlement of cash in the Offer is expected to take place on or about 5 February 2025. The allocations in the Offer is expected to be communicated on or about 3 February 2025 before 09:00 (CET) after the final results of the Offer has been announced.

Pareto Securities AS is acting as sole manager in the Offer.

For further information, please contact:

Pareto Securities AS / +47 22 87 87 50

or

Helge Dalen / CEO in JBF Forsikring Gjensidig / +47 918 58 275

Important notice:

The Offer and the distribution of this press release and other information in connection with the Offer may be restricted by law in certain jurisdictions. The Buyer does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this press release or relevant information should come are required to inform themselves about and to observe any such restrictions. The Offer is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States, Canada, Australia or Japan. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail, telex and telephones. Copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States, Canada, Australia or Japan and so doing may invalidate any purported acceptance.