Sparebanken Sør — Remuneration Information 2021

Oct 29, 2021

SPAREBANKEN SØR CONTINUES SAVINGS PROGRAM FOR EMPLOYEES

SPAREBANKEN SØR CONTINUES SAVINGS PROGRAM FOR EMPLOYEES

In order to facilitate employee ownership in the bank the board of Sparebanken Sør has decided to continue the savings program for full-time employees in the bank.

Full-time employees in the bank are invited to buy equity certificates in the bank for NOK 37,500 or NOK 65,000, with a 20% discount to the market price. The purchase is financed by deducting an equal amount from the salary over the next 12 months. Parts of the discount is given subject to a 24-month lock up period.

The savings program is implemented as a resale where the bank will sell from its own holdings of equity certificates. If the bank's employees order a higher number of equity certificates in the savings program than the bank's own holdings, the bank will carry out a buyback of equity certificates in connection with the savings program.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

For further information, please contact:

Marianne Lofthus, Director Capital markets, tel: 38 17 05 68

Steinar Vigsnes, Head of Finance, tel: (+47) 906 13 135