SpareBank 1 Gruppen – Q3 2024 Results

22 Oct 2024 07:30 CEST

SpareBank 1 Gruppen's consolidated net profit after tax for the 3th quarter and
YTD in 2024 were NOK 825 (-64) million and NOK 1.240 (187) million,
respectively. The majority's share of the consolidated net profit after tax for
the 3th quarter and YTD in 2024 were NOK 442 (-66) million and NOK 647 (86)
million, respectively.

SpareBank 1 SR-Bank holds a ownership of 19.5 percent in SpareBank 1 Gruppen and
SpareBank 1 Sørøst-Norge holds indirect ownership of 5.4 percent. SpareBank 1
SR-Bank's share of SpareBank 1 Gruppen's net profit after tax for the 3th
quarter was NOK 86 (-13) million. SpareBank 1 SR-Bank 's majority share of net
profit YTD was NOK 126 (17) million. SpareBank 1 Sørøst-Norge's share of
SpareBank 1 Gruppen's net profit after tax for the 3th quarter was NOK 24 (-4)
million. SpareBank 1 Sørøst-Norge 's majority share of net profit YTD was NOK 35
(5) million

The entry of Eika Forsikring AS on July 1 st led to an increase in equity in the
SpareBank 1 Gruppen group, and the final calculation of the majority share of
the equity amounted to 2.3 billion. SpareBank 1 SR-Bank will recognize in the
profit and loss account 19.5 percent, which amounts to NOK 452 million in thr
3rd quarter and SpareBank 1 Sørøst-Norge will recognize in the profit and loss
account 5.4 percent, which amounts to NOK 125 million in thr 3rd quarter.

Fremtind Holding Group, owned 51,44 percent by SpareBank 1 Gruppen AS, reported
a pre-tax profit of NOK 1.095 (20) million in the 3th quarter and NOK 1.824
(366) million YTD.

Figures in parentheses indicate the amounts for the corresponding period in
2023.

Stavanger, 22 October, 2024

This information is subject to disclosure requirements pursuant to the
Securities Trading Act §5-12.

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