SPAREBANK 1 SR-BANK ASA; SHARE SAVINGS PROGRAMME/BUYBACK PROGRAMME

15 Dec 2023 16:28 CET

The share savings programme for employees of SpareBank 1 SR-Bank was introduced
in 2019. The purpose of the programme is to motivate employees to become
co-owners of the bank and at the same time to enhance interest in the bank's
strategy and results.

The Board of Directors of SpareBank 1 SR-Bank have decided to continue the
scheme in 2024. Employees are invited to save a fixed amount per month to buy
shares in the bank. Employees who have registered for the savings programme can
choose between purchasing shares amounting to NOK 6,000, NOK 12,000, NOK 24,000
or NOK 36,000 in total for the period January to December 2024. The total amount
the individual employee chooses to save in 2024 will be distributed in equal
instalments over 12 months and will be paid through monthly salary deductions.

SpareBank 1 SR-Bank will purchase shares on behalf of the employees who
participate in the savings programme. The bank will give the employees a 30%
discount on the average purchase price. The employees must agree to a two-year
binding commitment period for the shares. SpareBank 1 SR-Bank aims to purchase
shares on the market each quarter on the day or the days following presentation
of the results for the first, second and third quarters of 2024 respectively,
and in mid-December 2024. The purchase price and number of shares acquired by
the bank will be reported in accordance with applicable regulations. The first
two buybacks are based on the authorisation granted to the Board of Directors of
SpareBank 1 SR-Bank at the General Meeting of 13 April 2023. The Board of
Directors will ask the General Meeting for new authorisation for share buybacks
at the Annual General Meeting of 18 April 2024.

77 % of the employees have subscribed for the share savings programme for 2024.
In total, SpareBank 1 SR-Bank will need to buy back shares totalling NOK
42,372,000 in 2024. According to the authorisation granted by the General
Meeting, the lowest price that can be paid for a share is NOK 25 and the highest
price is NOK 250. SpareBank 1 SR-Bank has authorised SpareBank 1 Markets to
carry out the buybacks.

See the enclosed summary of the primary insiders at SpareBank 1 SR-Bank who have
registered for the 2024 share savings programme. The amounts stated are the
total amounts for 2024 for which the individual has subscribed. The number of
shares allocated to individual primary insiders under the savings programme will
be announced at the times of resale of the shares to the employees.

This information is disclosed in compliance with section 5-12 of the Securities
Trading Act.

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606833_Primary Insiders signed amount 2024.pdf