SpareBank 1 SMN

M&A Activity • Nov 9, 2022

The merger of SpareBank 1 SMN and SpareBank 1 Søre Sunnmøre has now also been approved by the general meeting of SpareBank 1 Søre Sunnmøre

The merger of SpareBank 1 SMN and SpareBank 1 Søre Sunnmøre has now also been approved by the general meeting of SpareBank 1 Søre Sunnmøre

Reference is made to the stock exchange notice earlier today that the supervisory board of SpareBank 1 SMN has approved the merger with SpareBank 1 Søre Sunnmøre. SpareBank 1 SMN has just been informed that the general meeting of SpareBank 1 Søre Sunnmøre has made a corresponding decision.

The implementation of the merger is still conditional upon the necessary approvals from authorities and contracting parties on acceptable terms. The merger is contemplated to be finalized in the second quarter of 2023.

Contact persons:

SpareBank 1 SMN

For investors: CFO Trond Søraas, tel. +47 922 36 803

For the press: Executive director Rolf Jarle Brøske, tel. +47 911 12 475

SpareBank 1 Søre Sunnmøre

Chairman: Kjell Arvid Storeide, tel. +47 915 70 925

CEO: Stig Olav Brautaset, tel. +47 908 26 448

This information is disclosed pursuant to the requirements of the Securities Trading Act § 5-12.