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Sparebanken Møre

Capital/Financing Update • Jun 3, 2019

3754_rns_2019-06-03_72bbf04d-fd97-4e4a-82ce-696cb597d85e.html

Capital/Financing Update

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Sparebanken Møre: Contemplating issuance of Additional Tier 1 capital

Sparebanken Møre has mandated Danske Bank and DNB Markets as joint lead managers to explore the opportunity to issue a new perpetual Additional Tier 1 bond, subject to market conditions. The bond issue will have a first call option for the issuer after 5 years, subject to an approval from the Norwegian FSA.

In connection with this potential issuance of Additional Tier 1 capital, the issuer will consider a buy-back, in whole or in parts, of the outstanding Additional Tier 1 issue with NO0010532765 (MORG29).

The new issue is approved by bank’s General Meeting, and an approval of the new issue and an buy-back is given by the Norwegian FSA.

Ålesund, 3 June 2019

Sparebanken Møre

Ove T. Ness, Head of Treasury, tlf: +47 70 11 31 50 /+47 957 62 524

Runar Sandanger, leder Seksjon Treasury og Markets, tlf: 70 11 31 73 eller 950 43 660