The merger between Nordax Bank AB (publ) and Bank Norwegian ASA has been completed

30 Nov 2022 14:38 CET

With reference to previous announcements regarding the intragroup merger between
Nordax Bank AB (publ) ("Nordax") and Bank Norwegian ASA ("Bank Norwegian"), it
is hereby announced that today, on 30 November 2022, the merger has been
registered with the Swedish Companies Registration Office (Bolagsverket) and is
thus completed.

The merger was implemented with Nordax as the surviving company and Bank
Norwegian as the transferring company, with the operations of Bank Norwegian
being continued through Nordax's Norwegian branch, the legal name of which is
Bank Norwegian, en filial av Nordax Bank AB (publ) (the "Branch"). The merger
will not impact the services and products offered by Nordax and former Bank
Norwegian. Former CEO of Bank Norwegian, Klara-Lise Aasen, has been appointed as
the manager of the Branch.

As a consequence of the merger being completed, Nordax has assumed the position
as issuer and debtor of the bonds listed below, originally issued by Bank
Norwegian and listed on Oslo Børs and Nordic ABM (the "Bonds"), and the related
amendment agreements to the bond terms for the Bonds are now effective. Nordax
has been allocated the ticker "NDX" by Oslo Børs, and currently has BBB/N3 long-
and short-term issuer ratings from Nordic Credit Rating, with a stable outlook.
As a result of the change of issuer and debtor of the Bonds, each Bond will
receive a new instrument ticker which is linked to Nordax's ticker.

On or about 2 December 2022, the Bonds will change instrument ticker codes and
will have the following new instrument ticker codes:

* ISIN NO0010833320 - ticker NDX19 Pro (previously BANKN19 Pro);
* ISIN NO0010833130 - ticker NDX20 (previously BANKN20);
* ISIN NO0010871130 - ticker NDX26 (previously BANKN26);
* ISIN NO0010871148 - ticker NDX27 (previously BANKN27);
* ISIN NO0010871155 - ticker NDX28 (previously BANKN28);
* ISIN NO0010871296 - ticker NDX29 (previously BANKN29);
* ISIN NO0010952823 - ticker NDX30 (previously BANKN30);
* ISIN NO0010952831 - ticker NDX31 (previously BANKN31); and
* ISIN NO0011142572 - ticker NDX01 (previously BANO01).

Bank Norwegian's ticker, "BANO", will cease to exist on or about 1 December
2022, and all future stock exchange notices related to the Bonds will be
published on Oslo Børs NewsWeb under Nordax's ticker, "NDX", which will be
active from on or about 1 December 2022.

The combined company is the largest independent specialist consumer finance
lender in the Nordics. With the necessary scale and resources following the
merger, Nordax is a leading force in shaping the future of consumer finance,
offering innovative solutions that challenges the large incumbent banks for the
benefit of customers.

Investor information is available on https://www.nordaxgroup.com/investors.


For any questions, please contact:

Marcus Strath, Brunswick Group

mstrath@brunswickgroup.com (mailto:mstrath@brunswickgroup.com)

+46 733 90 47 60


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

More information:
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