SPAREBANK 1 ØSTLANDET TO EXPLORE THE OPPORTUNITY TO ACQUIRE OWN EQUITY CAPITAL CERTIFICATES

01 Nov 2024 09:22 CET

SpareBank 1 Østlandet ("the Bank”) has engaged SpareBank 1 Markets (the
"Manager") to explore the opportunity to acquire equity capital certificates
("ECCs") in the Bank for up to NOK 13 000 000 ("the Offer"). The ECCs will be
used in the Bank's savings program for employees and will be distributed to
employees who qualify in reference to the savings program. Reference is made to
the stock exchange announcement published by the Bank on 4 January 2024 for
further information on the savings program, and reference to the stock exchange
announcement by the Bank on 21 March 2024 with the general meeting's
consideration of a power of attorney to acquire its own ECCs. The Banks holding
of ECCs is currently 0.

The Offer is carried out through a reverse book building process. The Manager
will gather and accumulate sales orders from existing ECC holders. Once a sales
order is placed, it cannot be withdrawn or changed by the selling ECC holder and
the selling ECC holder is bound to sell the offered ECCs to the Company on the
offered terms if and at such time the Offer is accepted by the Company,
irrespective of whether the Company decides to purchase a lower amount of ECCs
from a selling ECC holder than offered for sale by the respective ECC holder.
The final purchase price per ECC will be set based on the sales orders received
at a level representing a satisfactory price and offering volume (to be
determined by the Company at its sole discretion). The final purchase price will
be identical for all selling ECC holders.

The book-building period commences immediately and is expected to close at 16:00
hours (CET) on 12 November 2024. The book-building period can be changed at the
Bank’s and the Manager's sole discretion.

If the transaction is to be completed, pricing will follow shortly after the
book-building period. Based on the above closing time, allocation is expected to
be made on 13 November 2024 (T), and settlement is expected to take place on or
about 15 November 2024 (T+2) through a delivery versus payment (DVP)
transaction. If the book-building period is changed, the dates will be adjusted
correspondingly.

In the event that the total number of received sales orders at the final
purchase price exceeds the number off ECCs the Company wishes to purchase (or
such decreased number of ECCs the Company wishes to purchase), the allocation
will, to the extent possible, be made on a pro rata basis based on the volume
offered by each selling ECC holder with the objective of treating all ECC
holders equally based on their indicated interest in participating in the Offer
at the final purchase price. The Company reserves the right to, at any time,
terminate and not complete the Offer or make any amendments with regards to the
volume or other terms of the Offer.

Holders of ECCs wishing to participate in the Offer may contact Eivind Julin in
SpareBank 1 Markets AS på: Dir. tlf.: +47 24 13 37 71 Mob.: +47 976 62 769
e-post: eivind.julin@sb1markets.no
Kontaktperson for annen informasjon: finanssjef, Cathrine Mordal, tlf + 47 480
02 537.

The information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Market Abuse Regulation
(MAR).

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