SpareBank 1 SMN

M&A Activity • May 2, 2023

Completion of merger between SpareBank 1 SMN and SpareBank 1 Søre Sunnmøre

Completion of merger between SpareBank 1 SMN and SpareBank 1 Søre Sunnmøre

Reference is made to the previous stock exchange notices published on 20 June 2022, 3 October 2022, 9 November 2022, 21 December 2022, 17 March 2023, 17 April 2023 and 18 April 2023.

Today, the merger between SpareBank 1 SMN and SpareBank 1 Søre Sunnmøre has been registered in the Norwegian Register of Business Enterprises and is thus completed. SpareBank 1 SMN is the assignee bank. Simultaneously, Sparebankstiftinga Søre Sunnmøre has been registered in the Norwegian Register of Business Enterprises and in the Register of Foundations ("Stiftelsesregisteret").

Concurrently, the bank has also registered an equity certificate capital increase totalling NOK 287 582 940 by issuance of 14 379 147 equity certificates, each with a nominal value of NOK 20 and at a subscription price equalling NOK 103,36 per equity certificate. 12 971 224 equity certificates have been issued to Sparebankstiftinga Søre Sunnmøre and 1 407 923 equity certificates have been issued to the equity certificate holders in SpareBank 1 Søre Sunnmøre.

Post-issuance of the new equity certificates, the total equity certificate capital in the bank equals NOK 2 884 311 800 divided on 144 215 590 equity certificates, each with a nominal value of NOK 20.

The banks have retained SpareBank 1 Markets AS as common financial advisor in connection with the merger, while Advokatfirmaet Selmer AS has been retained as a common legal adviser.

Contact persons:

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

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

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