Benedicte Schilbred Fasmer is stepping down as CEO of SpareBank 1 SR-Bank ASA

23 May 2024 07:00 CEST

Benedicte Schilbred Fasmer has resigned as CEO of SpareBank 1 SR-Bank ASA to
become the CEO of Telenor ASA starting December 1st. The board of SpareBank 1
SR-Bank ASA has begun the process of finding her replacement, and she will
continue in his position as CEO for the time being.

Fasmer has been the CEO of SpareBank 1 SR-Bank since January 1, 2021. During her
years at the company, she has helped to strengthen the company's position in the
market through strong results, significant growth, and new initiatives in South
Norway.

“Benedicte has done an outstanding job as the CEO of SpareBank 1 SR-Bank, and I
would like to thank her for her efforts, commitment, and the results she has
achieved in the company. The board has initiated the process to find her
successor, and Benedicte will continue in his position as CEO for the time
being,” says Dag Mejdell, the chairman of the board at SpareBank 1 SR-Bank ASA.

“For the board, it is important that SpareBank 1 SR-Bank Auto continues its
positive development, both in daily operations and in the work with the merger
with SpareBank 1 Sørøst-Norge. Therefore, the board will take the necessary time
before a new CEO is in place,” adds Mejdell.

SpareBank 1 SR-Bank has a clear position, with a presence in Vestland, Rogaland,
Agder, and the Oslo area. In October 2023, the company announced plans for a
merger with SpareBank 1 Sørøst-Norge. This is scheduled to be completed on
October 1, 2024, provided that the companies receive the necessary regulatory
approvals.

“SpareBank 1 SR-Bank has built a very strong market position and has made
significant progress in the merger process with SpareBank 1 Sørøst-Norge. I will
do my utmost to ensure that this continues on the same positive track, together
with CEO Per Halvorsen of SpareBank 1 Sørøst-Norge and the rest of the teams in
both companies. I am completely confident that the organization and management
at SpareBank 1 SR-Bank will handle the work going forward in a good manner. The
business will continue to be the country's finest and most forward-thinking,
even without me as CEO,” says Benedicte Schilbred Fasmer.

For more information, contact:
Dag Mejdell, Chairman, tel. 905 62 970
Inge Reinertsen, CFO, tel. 909 95 033
Øyvind Knoph Askeland, Communications Director, tel. 922 32 639

Stavanger, May 23, 2024

This information, which contains inside information as defined in Article 7 of
the EU Market Abuse Regulation, was published by Øyvind Knoph Askeland,
Communications Director, at the time and date specified above. The information
is subject to disclosure under the Securities Trading Act § 5-12.

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