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SpareBank 1 SMN

Capital/Financing Update • May 31, 2023

3751_rns_2023-05-31_9986e6e0-f9b9-442a-8a03-48a8841419d6.html

Capital/Financing Update

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SpareBank 1 SMN: Successful issuance of Additional Tier 1 bond

SpareBank 1 SMN has today issued a new Additional Tier 1 bond of NOK 300 million, with a floating coupon rate. The coupon is equal to 3 months Nibor + 3.90 percentage points, settlement date is on 7 June 2023.

The Additional Tier 1 issue has a perpetual tenor with a first-time call option for SpareBank 1 SMN on 7 September 2028, subject to an approval from the Financial Supervisory Authority of Norway, if required.

The new issue has been approved by the bank's Supervisory Board. The bonds will be applied for listing on Nordic ABM.

DNB Markets and SpareBank 1 Markets acted as Joint Lead Managers.

Trondheim, 31 May 2023

Contact person at SpareBank 1 SMN:

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