The merger of Sparebanken Sør and Sparebanken Vest approved by the general meetings of Sparebanken Sør and Sparebanken Vest

02 Oct 2024 19:00 CEST

Issuer

Sparebanken Sør

Reference is made to the stock exchange notice of 28 August 2024, regarding the
decision by the boards of directors of Sparebanken Sør and Sparebanken Vest to
adopt a plan for merging the banks (merger plan) and forming Norway’s leading
savings bank, and the stock exchange notice of 10 September 2024, about the
summons to an extraordinary general meeting in Sparebanken Sør on 2 October
2024.

The general mee ting of Sparebanken Sør and the general meeting of Sparebanken
Vest have in meetings held on 2 October 2024 approved the merger of the banks by
transferring the assets, rights and obligations of Sparebanken Sør to
Sparebanken Vest and forming the new savings bank.

Reference is also made to the attached minutes from the general meeting of
Sparebanken Sør where the decision was unanimously made in accordance with the
summons.

The merger is conditional upon that the relevant supervisory authorities grant
the required permissions for completion without imposing conditions that
significantly alter the assumptions that the banks have made under the merger
plan.

The aim is to complete the merger around 1 July 2024.

Sparebanken Sør has engaged Pareto Securities AS as financial advisor in
connection with the merger and Advokatfirmaet Thommessen AS as legal advisor.
Sparebanken Vest has engaged Swedbank AB as financial advisor and Advokatfirmaet
Selmer AS as legal advisor.

Contact persons:

Sparebanken Sør
Chair: Knut Ruhaven Sæthre, tel. +47 91 11 78 76
CEO: Geir Bergskaug, tel. +47 90 12 72 06
CFO: Steinar Vigsnes, tel. +47 90 61 31 35

Sparebanken Vest
Chair: Arild Bødal, tel. +47 90 56 66 21
CEO: Jan Erik Kjerpeseth, tel. +47 95 19 84 30
CFO: Frank Johannesen, tel. +47 95 26 59 71
This information is disclosed pursuant to the requirements of the Securities
Trading Act § 5-12.


628918_Protokoll GF 021024 ENG.pdf

Source

Sparebanken Sør

Provider

Oslo Børs Newspoint

Company Name

SPAREBANKEN SØR, Spb Sør Boligkreditt AS 24/29 FRN C COVD, Spb Sør 15/25 2,685%, Spb Sør 15/25 3,30%, Spb Sør 19/PERP FRN C HYBRID, Spb Sør 19/29 FRN C SUB, Spb Sør 19/24 2,44%, Spb Sør 20/26 FRN C, Spb Sør 20/30 FRN C SUB, Spb Sor 21/27 FRN C, Spb Sor 21/PERP FRN C HYBRID, Spb Sor 21/25 1.80 pct, Spb Sor 22/27 2.885pct, Spb Sor 22/27 FRN, Spb Sor 22/27 4.15pct, Spb Sor 22/PERP FRN C HYBRID, Spb Sor 22/26 FRN, Spb Sor 22/26 4.54pct, Spb Sor 22/32 ADJ C SUB, Spb Sor 22/28 FRN, Spb Sor 23/PERP FRN C HYBRID, Spb Sor 23/33 FRN SUB, Spb Sor 23/30 4,89%, Spb Sor 23/28 FRN, Spb Sor 23/33 FRN C SUB, Spb Sør 24/PERP FRN C HYBRID, Spb Sør 24/PERP ADJ C HYBRID, Spb Sør 24/34 ADJ C SUB, Spb Sør 23/28 5,67%

ISIN

NO0006001502, NO0013214841, NO0010735418, NO0010754849, NO0010867658, NO0010871247, NO0010872351, NO0010886781, NO0010887177, NO0010920788, NO0010936784, NO0011099764, NO0011147647, NO0012446493, NO0012446485, NO0012548926, NO0012548918, NO0012626946, NO0012703448, NO0012703455, NO0012721804, NO0012780909, NO0012780917, NO0012841800, NO0012843020, NO0012916909, NO0012916891, NO0012948928, NO0013162016, NO0013162008, NO0013209833, NO0013008052

Symbol

SOR

Market

Euronext Oslo Børs Nordic Alternative Bond Market