SpareBank 1 SMN

Capital/Financing Update • Apr 1, 2020

SpareBank 1 SMN (MING); Fitch changes rating outlook to Negative from Stable

SpareBank 1 SMN (MING); Fitch changes rating outlook to Negative from Stable

Fitch affirms SpareBank 1 SMNs 'A-' Long-Term IDR and 'a-' VR and revises the

Outlook to Negative from Stable since the agency believes the coronavirus

outbreak has modest immediate impact on the bank's ratings.

Fitch has downgraded SpareBank 1 SMNs Tier 2 debt by one notch from 'BBB+' to

'BBB' due to a methodological change.

For more information please contact

CFO, Kjell Fordal, telephone +47 905 41 672

Trondheim, April 1 2020

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act