Merger of SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge - the Norwegian Competition Authority has cleared the transaction

17 Apr 2024 13:15 CEST

Reference is made to stock exchange notice dated 5 December 2023 stating that
the General Meeting in SpareBank 1 SR-Bank ASA and the Supervisory Board in
SpareBank 1 Sørøst-Norge have approved the merger of the two banks.

The Norwegian Competition Authority has on 17 April 2024 cleared the
transaction.

The merger is still conditional upon that the Financial Supervisory Authority of
Norway and the Ministry of Finance grant the required permissions for completion
without imposing conditions that significantly alter the assumptions that the
banks have made under the merger plan.

The merger is contemplated to be finalised 1 October 2024.

Contact persons:
SpareBank 1 SR-Bank ASA
CEO: Benedicte Schilbred Fasmer, tlf. +47 950 60 034
CFO: Inge Reinertsen, tlf. +47 909 95 033

SpareBank 1 Sørøst-Norge
CEO: Per Halvorsen, tel. +47 934 07 441
CFO: Roar Snippen, tel. +47 976 10 360

The above information must be disclosed pursuant to the Securities Trading Act
section 5-12.

More information:
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