Morrow Bank ASA

Regulatory Filings • Jan 9, 2026

Morrow Bank AB: Morrow Bank begins trading on Nasdaq Stockholm

Morrow Bank AB: Morrow Bank begins trading on Nasdaq Stockholm

Morrow Bank AB, a Nordic consumer finance bank, announces that its shares will

be listed on Nasdaq Stockholm today under the ticker "MORROW".

"The listing reflects the transformation we have executed over the past three

years. We have built a scalable platform delivering efficiency, solid credit

performance and earnings growth versus our Nordic consumer finance peers.

Redomiciling to Sweden reduces capital requirements and levels the playing

field," said Øyvind Oanes, CEO of Morrow Bank.

The Bank has a gross loan balance of more than SEK 15.5 billion and has

delivered strong earnings growth, supported by a highly automated operating

model and disciplined risk management. The move to Sweden materially improves

capital efficiency and supports future growth and returns.

"Looking ahead, we target around 10% annualised organic loan growth and a

return on target equity of approximately 20% by the end of 2028, up from 13%

in Q3 2025. With increasing excess capital following the move to Sweden, we

are positioned to pursue selective, accretive acquisitions, further

strengthening growth and returns," added Oanes.

Investment highlights:

* Pure-play Nordic consumer finance

* Scalable and cost-efficient platform

* Turnaround completed

* Attractive growth and return profile

* M&A optionality and capital allocation flexibility

Company presentation and webcast

An updated company presentation is attached to this release and published on

Morrow's website, https://ir.morrowbank.com/.

A webcast will be available from 08.15 CET today, see

https://youtu.be/_hni4PgNeuc

(https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fyoutu.be%2F_hni4PgNeuc&data=05|02||704a0ff0bc8b46131bc108de4ec649e0|633b436977b3495ba4b4eca8484ef39f|0|0|639034810731030179|Unknown|TWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D|0|||&sdata=F4yIWgFuEnxQe3zVSKWUuGYvPZ0T832BSZDyc8U8PUM%3D&reserved=0)

The listing ceremony will start at 08.45 CET today, see

https://nasdaq.events.inderes.com/morrow-bank-2026

Prospectus

Morrow has prepared a prospectus in connection with the admission to trading

of the Company's shares on Nasdaq Stockholm. The prospectus is approved and

registered by the Swedish Financial Supervisory Authority and was published on

https://ir.morrowbank.com/ and https://newsweb.oslobors.no/, on 5 January

Advisers

Advokatfirman Vinge and Wiersholm act as legal advisers on Swedish and

Norwegian legal matters, respectively. Capient is capital markets and IR

adviser to the company.

For further information regarding the Relisting, please go to Morrow Bank's

website: https://ir.morrowbank.com/merger-information

Contacts

Eirik Holtedahl, CFO

Tel: +47 96 91 22 91

Email: ir@morrowbank.com

About Morrow Bank

Morrow Bank is a Nordic consumer finance bank offering digital and flexible

financing solutions to creditworthy individuals in Norway, Sweden and Finland.

The bank offers consumer loans, flexible credit products, credit cards and

high-yield deposit accounts, supported by a modern and scalable banking

platform.