Sparebanken Sør — Major Shareholding Notification 2016

Apr 14, 2016

SOR - MELDEPLIKTIG HANDEL I SPAREBANKEN SØRS FORTRINNSRETTSEMISJON

SOR - MELDEPLIKTIG HANDEL I SPAREBANKEN SØRS FORTRINNSRETTSEMISJON

IKKE FOR UTGIVELSE, PUBLISERING ELLER DISTRIBUSJON,

HELT ELLER DELVIS, DIREKTE ELLER INDIREKTE, I

AUSTRALIA, CANADA, JAPAN ELLER DE FORENTE AMERIKANSKE

STATER ELLER NOEN ANNEN JURISDIKSJON, HVOR SLIK

UTGIVELSE, PUBLIKASJON ELLER DISTRIBUSJON VILLE VÆRT

ULOVLIG.

Kristiansand, 14. april 2016

Det vises til tidligere meldinger fra Sparebanken Sør

i forbindelse med bankens garanterte offentlige

fortrinnsrettsemisjon ved utstedelse av 10 895 270 nye

egenkapitalbevis til tegningskurs NOK 55 per

egenkapitalbevis og med et totalt bruttoproveny til

banken på NOK 599 239 850.

Banken er meddelt at Odd Georg Johansen, tidligere

ansattes varamedlem til styret, den 13. april har

kjøpt 2 000 tegningsretter til NOK 7,95 per

tegningsrett. Johansen har også tegnet 2 000 nye

egenkapitalbevis i emisjonen til NOK 55 per

egenkapitalbevis ved utøvelse av nevnte

tegningsretter. Johansen har som tidligere meldt også

tegnet 1 932 egenkapitalbevis ved utøvelse av

tegningsretter i emisjonen. Basert på utøvde

tegningsretter vil Johansen eie 4 772 egenkapitalbevis

i banken etter emisjonen.

Kontaktpersoner:

Geir Bergskaug, CEO, Sparebanken Sør, Tel: +47 90 12

72 06

Marianne Lofthus, direktør Kapitalmarked, Sparebanken

Sør, Tel: +47 90 51 41 83

Om Sparebanken Sør

Sparebanken Sør og Sparebanken Pluss ble slått sammen

1. januar 2014 og den fusjonerte banken tok navnet,

Sparebanken Sør. Sparebanken Sør er nå den femte

største norskeide banken med en forvaltningskapital på

rundt NOK 101 milliarder. Den sammenslåtte banken har

totalt 36 avdelingskontorer i Agder og Telemark.

Bankens hovedkontor ligger i Kristiansand, mens

stabsfunksjoner er fordelt mellom Arendal og

Kristiansand. Sparebanken Sør har ca. 450 ansatte.

Denne opplysningen er informasjonspliktig etter

verdipapirhandelloven § 5-12.

IMPORTANT INFORMATION

These materials are not for distribution, directly or

indirectly, in or into the United States (including

its territories and possessions, any State of the

United States and the District of Columbia), Canada,

Australia, Japan or Hong Kong or in other

jurisdictions where such distribution is not lawful.

This announcement does not constitute or form part of

any offer or solicitation to purchase or subscribe for

securities in the United States. Securities may not be

offered or sold in the United States absent

registration or an exemption from registration. The

equity capital certificates to be offer in the rights

issue has not been and will not be registered under

the United States Securities Act of 1933, as amended

(the "US Securities Act") or with any securities

regulatory authority of any state or other

jurisdiction of the United States, and may not be

offered or sold in the United States or to, or for the

account of, U.S. persons (as such term is defined in

Regulation S under the US Securities Act), except

pursuant to an effective registration statement under,

or an exemption from the registration requirements of,

the US Securities Act. All offers and sales outside

the United States will be made in

reliance on Regulation S under the US Securities Act.

There will be no public offer of securities in the

United States.

The contemplated issue of ordinary equity capital

certificates ("Equity Certificates") in Sparebanken

Sør (the "Rights Issue"), the exercise or sale of

subscription rights contemplated to be issued in the

Rights Issue (the "Rights") and the subscription or

purchase of Equity Certificates or Rights are subject

to specific legal or regulatory restrictions in

certain jurisdictions. Sparebanken Sør assumes no

responsibility in the event there is a violation by

any person of such restrictions.

This stock exchange release is for information

purposes only and has not been approved by any

regulatory authority. It is not a prospectus,

disclosure document or offering document and does not

purport to be complete. Nothing in this stock exchange

release should be interpreted as a term or condition

of the Rights Issue. Investors should not subscribe

for, purchase, otherwise acquire, sell or otherwise

dispose of Rights and/or ordinary shares except on the

basis of information in the prospectus to be published

by Sparebanken Sør in due course in connection with

the Rights Issue (the "Prospectus") which will contain

further information relating to the Sparebanken Sør as

well as a summary of the risk factors to which any

investment is subject. This stock exchange release

does not constitute or form part of any offer or

invitation to sell or issue, or any solicitation of

any offer to acquire any securities offered by any

person in any jurisdiction in which such an offer or

solicitation is unlawful.

The distribution of this stock exchange release and/or

the Prospectus into jurisdictions other than Norway

may be restricted by law. Persons into whose

possession this stock exchange release comes should

inform themselves about and observe any such

restrictions. Any failure to comply with these

restrictions may constitute a violation of the

securities laws of any such jurisdiction.

DNB Markets, a department of DNB Bank ASA, and Pareto

Securities AS are acting for Sparebanken Sør and no

one else in connection with the Rights Issue and will

not be responsible to anyone other than Sparebanken

Sør for providing the protections afforded to their

respective clients or for providing advice in relation

to the Rights Issue and/or any other matter referred

to in this document.

This document and any materials distributed in

connection with this document may contain certain

forward-looking statements. By their nature, forward-

looking statements involve risk and uncertainty

because they reflect Sparebanken Sør's current

expectations and assumptions as to future events and

circumstances that may not prove accurate. A number of

material factors could cause actual results and

developments to differ materially from those expressed

or implied by these forward-looking statements,

including the risks and uncertainties to be set out in

the prospectus.