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SpareBank 1 SMN

Capital/Financing Update • Feb 9, 2024

3751_rns_2024-02-09_fd1ba85a-39ab-4978-9e94-50f379a81ce1.html

Capital/Financing Update

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SpareBank 1 SMN: Successful issuance of Tier 2 bond

SpareBank 1 SMN (Issuer rating Aa3 with stable outlook by Moody's) has today issued a new Tier 2 bond of NOK 500 million with ISIN NO0013152405. The coupon is 3 months Nibor + 1.80 percentage points p.a. Settlement date is 16 February 2024.

The Tier 2 bond issue has a first-time call option for the issuer on 16 May 2029, subject to an approval from the Financial Supervisory Authority of Norway, if required. The new issue has been approved by the Bank's General meeting. The bonds will be applied for listing on Nordic ABM.

Danske Bank, DNB Markets and SpareBank 1 Markets acted as Joint Lead Managers.

Trondheim, 9 February 2024

Contact person at SpareBank 1 SMN:

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

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