Sparebanken Sør

Major Shareholding Notification • Apr 22, 2025

Sparebanken Sør: Distribution of remaining bonus equity capital certificates

Sparebanken Sør: Distribution of remaining bonus equity capital certificates

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO USA, AUSTRALIA, CANADA, JAPAN, HONG KONG, SWITZERLAND OR SINGAPORE, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL, EXCEPT AS PERMITTED UNDER APPLICABLE SECURITIES LAW.

Reference is made to the stock exchange announcement dated 28 November 2023 regarding the successful bookbuilding and sale of existing equity capital certificates in Sparebanken Sør, carried out by Sparebankstiftelsen Sparebanken Sør (the "Foundation") (the "Offering") as well as the stock exchange announcements dated 15 November 2024 and 13 December 2024 regarding delivery and distribution of the first 50% of the bonus equity capital certificates in Sparebanken Sør ("Bonus ECCs"), as well as the announcement dated 25 March 2025 regarding information on the delivery of the remaining 50% of the Bonus ECCs shortly before completion of the merger with Sparebanken Vest.

The Foundation has today, in accordance with the terms described in the prospectus for the Offering dated 20 November 2023, made distribution of the remaining 50% of the Bonus ECCs to qualifying investors. In connection with the aforementioned, a total of 142917 Bonus ECCs have been distributed. No Bonus ECCs are outstanding following this last and final distribution.

The remaining 50% of the Bonus ECCs will be registered on the VPS accounts of the qualified investors, including primary insiders and their close associates as shown below:

• Erik Edvard Tønnesen, board member, will receive 40 Bonus ECCs

• Geir Bergskaug, CEO, will receive 200 Bonus ECCs

• Knut Ruhaven Sæthre, chairman of the board, will receive 80 Bonus ECCs

• Lord 1 AS, close associate of board member Erik E. Tønnesen, will receive 161 Bonus ECCs

• Mette Ramfjord Harv, deputy chairman board, will receive 20 Bonus ECCs

• Pål Ekberg, EVP Retail Market, will receive 64 Bonus ECCs

• Rolf Horst Søraker, EVP Group Head Office, will receive 16 Bonus ECCs

• Steinar Heggland Vigsnes, CFO, will receive 64 Bonus ECCs

• Tor Kim Steinsland, Deputy board member, will receive 20 Bonus ECCs

• Trond Randøy, board member, will receive 32 Bonus ECCs

The Foundation has, following the distribution of the remaining 50% of the Bonus ECCs, reduced its ownership stake in Sparebanken Sør by 0.34%. The Foundation now owns 10 706 076 equity capital certificates in Sparebanken Sør, corresponding to 25.67 % of the issued equity capital certificates in Sparebanken Sør.

Primary insider notifications pursuant to the EU Market Abuse Regulation article 19 is attached.

For further information, please contact:

Norne Securities AS: +47 55 55 91 30

Pareto Securities AS: +47 22 87 87 00

Swedbank Norge: +47 23 23 80 00

Sparebankstiftelsen Sparebanken Sør, Eskild Stenhaug: +47 46 20 77 71

Sparebanken Sør, Steinar Vigsnes (CFO): +47 90 61 31 35

This information is subject to the disclosure requirements pursuant to the EU Market Abuse Regulation Article 19 and section 5-12 of the Norwegian Securities Trading Act.