Update regarding expected timing of merger between Nordax Bank AB (publ) and Bank Norwegian ASA

11 Nov 2022 16:30 CET

As previously announced, Nordax Bank AB (publ) (rated BBB/N3/Stable from Nordic
Credit Rating) and Bank Norwegian ASA are in the process of implementing an
intragroup merger between the companies. As announced on 1 November 2022, all
necessary regulatory approvals to complete the merger have been obtained. As of
today, all consents and approvals have been obtained from relevant third
parties. The merger will be implemented with Nordax Bank AB (publ) as the
surviving company and Bank Norwegian as the transferring company.

The merger is expected to be completed on or about 30 November 2022.


Contact persons:

CEO, Klara-Lise Aasen; phone +47 47 63 55 83; kaa@banknorwegian.no
(mailto:kaa@banknorwegian.no)

CFO, Mats Benserud; phone +47 95 89 15 39; mbe@banknorwegian.no
(mailto:mbe@banknorwegian.no)


This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act


Source

Bank Norwegian ASA

Provider

Oslo Børs Newspoint

Company Name

Bank Norwegian AS 18/PERP FRN C HYBRID, Bank Norwegian AS 18/28 FRN SEK C SUB, Bank Norwegian AS 19/22 FRN SEK, Bank Norwegian AS 19/22 FRN, Bank Norwegian AS 19/23 FRN, Bank Norwegian AS 19/23 FRN SEK, Bank Norwegian AS 21/25 FRN SEK C, Bank Norwegian AS 21/25 FRN C, Bank Norwegian ASA 21/24 FRN

ISIN

NO0010833320, NO0010833130, NO0010871130, NO0010871148, NO0010871155, NO0010871296, NO0010952831, NO0010952823, NO0011142572

Market

Nordic Alternative Bond Market Oslo Børs