SpareBank 1 SMN

Board/Management Information • Dec 19, 2023

SpareBank 1 SMN: Continued savings programme for employees

SpareBank 1 SMN: Continued savings programme for employees

The Board of Directors of SpareBank 1 SMN has decided to continue the savings scheme for employees in 2024, who are invited to buy equity certificates issued by the bank.

All employees of the bank and its subsidiaries are invited to participate in the savings programme. The object of the programme is to motivate employees to become co-owners of the bank and the same time to increase interest in the bank's strategy and results.

Employees commit themselves to a fixed savings amount for 2024 by enrolling in the savings scheme in December 2023. For 2024 the bank offers a scheme enabling employees to save either NOK 6,000, NOK 12,000, NOK 24,000 or NOK 36,000 per year through a monthly salary deduction from January to December 2024. The savings amount will be used to buy equity certificates in SpareBank 1 SMN on behalf of the participating employees. The amounts are fixed for the year and cannot be changed during the period of the programme.

The bank will aim to acquire the equity certificates in the day(s) following the publication of 1(st), 2(nd) and 3(rd) quarter results, and in December 2024. SpareBank 1 Markets will acquire the equity certificates on behalf of the bank. The equity certificates will be distributed to the employees as soon as possible after the acquisition at the same price the bank paid in the open market without any form of discount. Purchase price and number of equity certificates purchased by the bank will be published in accordance with the current rules for trading in own shares.

After 2 years of consecutive ownership of the equity certificates purchased in the savings programme for 2024, all employees will receive one free equity certificate for every two purchased under the programme.

The table below lists all primary insiders of SpareBank 1 SMN participating in the savings programme for 2024. The amounts listed are total amounts for 2024. Purchase price and number of equity certificates purchased by each primary insider will be published after the completion of each transaction.

Name Savings amount (NOK)

Jan-Frode Janson 36,000

Trond Søraas 36,000

Vegard Helland 36,000

Nelly Maske 36,000

Ola Neråsen 36,000

Rolf Jarle Brøske 36,000

Inge Lindseth 36,000

Christina Straub 6,000

Astrid Undheim 36,000

Kjetil Reinsberg 36,000

Arne Nypan 36,000

Stig Brautaset 36,000

Runar Gretland 36,000

Kjersti Hønstad 24,000

Oddny Lysberg 12,000

Trondheim, 18 December 2023

Contact person in SpareBank 1 SMN:

CFO Trond Søraas, tel, +47 922 36 803

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