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SpareBank 1 SMN

Capital/Financing Update • Nov 15, 2022

3751_rns_2022-11-15_ba6f7e20-0855-4d35-9723-2ca3cc5d2395.html

Capital/Financing Update

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SpareBank 1 SMN: Contemplated issuance of additional Tier 1 capital and buy back

SpareBank 1 SMN (Issuer rating A1 with positive outlook by Moody's) has mandated Nordea and SpareBank 1 Markets for a potential issuance of perpetual Additional Tier 1 bonds, subject to market conditions. The bonds will have fixed and / or floating rate and a first call option for the issuer after minimum 5 years.

In connection with this potential issuance of Additional Tier 1 capital, the issuer will consider a corresponding buy-back volume, in whole or in parts, of the outstanding Additional Tier 1 issue with ISIN NO0010814676 (MING85 PRO).

Trondheim, 14 November 2022

SpareBank 1 SMN:

Deputy Head of treasury Per Egil Aamo, telephone +47 73 58 64 66