SpareBank 1 SR-Bank transfers its Markets business to SpareBank 1 Markets and increases its ownership in SpareBank 1 Markets

24 Nov 2023 19:30 CET

SpareBank 1 SR-Bank ASA (SRBNK) announced on June 22, 2022, that the bank will
increase its ownership in SpareBank 1 Markets to strengthen its focus on the
capital market. The necessary approvals from authorities have now been obtained,
and the aim is for the transaction to be completed during December 2023.

SpareBank 1 SR-Bank increases its ownership stake in SpareBank 1 Markets from
5.57 percent to 33.34 percent. This is done by separating the capital markets
business’ of SR-Bank Markets and transferring it to SpareBank 1 Markets. In
addition, a private placement of 132 million Norwegian kroner is made towards
SpareBank 1 SR-Bank.

The ownership distribution in SpareBank 1 Markets is also affected by SpareBank
1 Nord-Norge transferring its capital market business to SpareBank 1 Markets.
After the completion of the transaction, the ownership in SpareBank 1 Markets
will be as follows: SpareBank 1 SR-Bank will own 33.34 percent, SpareBank 1 SMN
will own 39.9 percent, and SpareBank 1 Nord-Norge will own 18.1 percent.

Through this, the SpareBank 1-banks establish a more robust national capital
market initiative with a strong regional presence in cities such as Tromsø,
Trondheim, Stavanger and Oslo.



Stavanger, November 24, 2023

Contacts:
Inge Reinertsen, CFO - tel. +47 909 95 033
Morten Forgaard, Director Investor Relations - tel. +47 916 21 425

The above information is disclosable pursuant to Section 5-12 of the Securities
Trading Act.

More information:
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